Bitcoin Lightning Network Channel Capacity Hits Another All-Time High
Public channel capacity on the Bitcoin Lightning network continues to explode, hitting another all-time high of 2,738 bitcoin.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Public channel capacity on the Bitcoin Lightning Network continues to explode, with channel capacity hitting another all-time high of 2,738 BTC yesterday. The Lightning Network is a Layer 2 scaling solution built on top of the Bitcoin base....
Related News
The Lightning Network is one of the most bullish developments that the Bitcoin ecosystem has seen so far. And all the available metrics point up, a healthy and vibrant network is brewing. However, investor Kevin Rooke took a deeper look and found out that the Lightning Network is probably even bigger than previously thought. “Inaccurate comparisons and privacy preserving features make it hard to truly understand how big the Lightning Network is.” Related Reading | Bitcoin Lightning Network Reaches Record Capacity What does Rooke mean by that? Let’s find out. The Lightning Network By....
The number of Lightning Network nodes has increased 160% over the past 12 months while the number of channels is up 170% since January. The node count for Bitcoin’s leading layer-two solution, the Lightning Network (LN), has spiked to record levels following a surge of adoption.According to on-chain analytics provider Glassnode’s Sept. 27 Week on-Chain report, the number of Lightning Network nodes increased by 160% during September to tag a record high of 15,600. At the end of August, just 6,000 LN nodes were live.The number of channels, or connections between different nodes, on the LN....
The Bitcoin Lightning Network has marked another tremendous milestone. The total public capacity had surpassed more than 5,000 BTC for the first time in history, continuing along with the growing trend of 2022. This new milestone pushes further the capability and promise of the Bitcoin Lightning network. Just like always, there was a reason behind the big push. Bitcoin Development Ramping Up The continuous development of the bitcoin network has been a big part of why the digital asset remains so valuable today. Being the largest decentralized network in the space, there are always....
The capacity of the Bitcoin Lightning Network has short-circuited over the last three months to circa 3,400 BTC capacity, after surging throughout 2021, according to Arcane Research. Following an exponential climb in capacity over 2022, the Bitcoin (BTC) Lightning Network made a lackluster start to the new year. According to a report by Arcane Research, growth in the Lightning Network capacity, or the number of BTC locked up in channels, has stuttered. The Lightning Network surged from 1,000 to 3,000 BTC in just 8 months in 2021, striking the 3,000 BTC mark in mid-October. While the....
The layer-2 technology built on Bitcoin now has 4,000 Bitcoin or $120 million locked up allowing for near-instant payments around the world. There’s cause for celebration from the world’s largest cryptocurrency. The Lightning Network hit the 4,000 Bitcoin (BTC) public capacity milestone, meaning $120 million in value is ready for peer-to-peer payments.The Lightning Network first broke the 1,000 BTC barrier in August 2020 and the 2,000 BTC barrier in July 2021. The capacity has doubled in the space of 18 months. Lightning Network capacity growth since January 2022. Source:....