Key Points
- Over $135,000 worth of cryptocurrencies were spent on pizzas in the last year, with Bitcoin (BTC) leading the way.
- Domino’s Pizza was the top choice for crypto-based pizza orders, followed by Papa John’s and Pizza Hut.
Cryptocurrency holders have used their digital assets to purchase over $135,000 worth of pizza in the past year. This data comes from a report by Bitrefill, which also revealed that 3,941 pizzas were bought using crypto.
Bitcoin Dominates Crypto Pizza Sales
Bitcoin, when used with the Lightening Network, accounted for 23.8% of all pizza purchases made with cryptocurrencies. Ethereum (ETH) followed closely, making up 20.5% of the pizza orders. The largest stablecoin, USDT, with a market cap of $111 billion, held a 6.8% share of the total crypto-purchased pizzas worldwide.
Popular Pizza Chains for Crypto Orders
The report showed that Domino’s Pizza was the most popular restaurant chain for crypto pizza orders, with 3,012 orders in the past year. Papa John’s and Pizza Hut were next in line, with 473 and 173 orders, respectively.
In the U.S., the states with the highest number of crypto pizza orders were California, Texas, Florida, New York, and Washington, with 266, 211, 161, 141, and 136 transactions respectively.
The release of Bitrefill’s report coincided with the celebration of Bitcoin Pizza Day in the crypto community. This day commemorates the first documented real-world Bitcoin transaction, in which developer and Bitcoin miner, Laszlo Hanyecz, bought two Papa John’s pizzas for 10,000 BTC. At the time, the Bitcoins were worth around $41. Today, those Bitcoins would be worth over $700 million.
