Our sixth month of payment statistics! As promised, we're continuing to share the statistics with historical data included, allowing us to track the evolution of cryptocurrency usage over time. For merchants considering which cryptocurrencies to integrate, these numbers should help guide your priorities. As always, feel free to reach out with any questions!
Transaction Volume Distribution
Here's how the overall deposited volume for April compares with March:
- Nano (XNO): 42.2% (58.1% last month)
- Monero (XMR): 32.8% (23.8% last month)
- Bitcoin (BTC): 15.4% (4.8% last month)
- Litecoin (LTC): 4.8% (5.2% last month)
- Bitcoin Cash (BCH): 1.4% (1.3% last month)
- Ethereum (ETH): 1.3% (3.8% last month)
- Solana (SOL): 0.9% (2.2% last month)
- DASH: 0.6% (0.8% last month)
- Banano (BAN): 0.2% (0.0% last month)
- Dogecoin (DOGE): 0.2% (0.0% last month)
Or in chart format, for easy sharing:
Key Observations
- Nano (XNO) experienced a drop from 58.1% to 42.2%. It's still the crypto with the largest payment volume, but its lead lessened this month.
- Monero (XMR) continued its strong growth, climbing from 23.8% to a new high of 32.8%.
- Bitcoin (BTC) saw a remarkable resurgence, increasing to 15.4% (up from 4.8%), possibly driven by changes in fees or renewed interest.
- Litecoin (LTC) dipped slightly to 4.8% (down from 5.2%) but remains in the fourth position.
- Bitcoin Cash (BCH) inched up to 1.4% (from 1.3%), showing minor stabilization.
- Ethereum (ETH) fell sharply to 1.3% (down from 3.8%), marking one of its largest month-over-month declines.
- Solana (SOL) continued to decline, dropping to 0.9% (from 2.2%).
- DASH saw a small decrease to 0.6% (from 0.8%), pausing its earlier recovery.
- Banano (BAN) and Dogecoin (DOGE) both re-emerged slightly at 0.2% (from 0.0%), after months of minimal usage.
We continue to monitor these trends closely. We'll be back next month!
See you next month!
