Shiba Inu, Solana, And Litecoin Lead The Charge For Crypto Payments
Summary
- CoinGate released a report on crypto payments, highlighting Solana, Shiba Inu, and Litecoin as leading coins. - In Q2 2024, CoinGate processed 404,674 orders, with Solana, Shiba Inu, and Litecoin being the top cryptocurrencies for payments. - Solana saw significant growth, becoming the sixth most preferred network for payments and processing nearly twice as many transactions as Binance Smart Chain in June. - Litecoin's payment count surged by 3.43% in Q2 2024 compared to the last quarter, increasing by approximately 67% YoY due to its advanced security, improved speed, low fees, and reliability. - Shiba Inu experienced a 76% increase in orders on CoinGate in Q2 2024, following expanded support over Polygon and BSC networks in May 2024.
