LIGHT (Bitlight) 24-hour pump 24.26%

Gate News Bot news, on October 16, according to CoinMarketCap data, as of the time of writing, LIGHT (Bitlight) is currently priced at $1.01, with a 24-hour pump of 24.26%, reaching a high of $1.01 and a low of $0.78. The current market capitalization is approximately $43.4 million, an increase of $8.48 million compared to yesterday.

Bitlight Labs is dedicated to promoting the potential of the Bitcoin Lightning Network ecosystem. The project aims to empower the development and widespread adoption of RGB-Lightning, establishing the infrastructure for a trading center of the Lightning Network and RGB protocol. Bitlight Labs focuses on the design and development of solutions ranging from BitcoinFi to Lightning applications, with its Bitlight wallet being the first Bitcoin wallet to unify RGB and the Lightning Network, providing uncompromised security. As a member of the LNP/BP Association and a major contributor to the RGB protocol, Bitlight Labs is committed to pioneering native BitcoinFi by developing the native smart contract infrastructure for Bitcoin and the Lightning Network.

Important news about LIGHT recently:

1️⃣ Continuously promote RGB-Lightning technology innovation Bitlight Labs is actively developing native smart contract infrastructure for Bitcoin and the Lightning Network, aiming to create native BitcoinFi. This ongoing technological innovation and ecosystem development is expected to enhance the long-term value and market appeal of the LIGHT project.

2️⃣ RGB Lightning Network Node RLN Development Progress The RGB Lightning Network node RLN, developed based on LDK, aims to achieve efficient and low-cost asset trading and transfers on Bitcoin. This technological advancement could significantly enhance the performance and user experience of the LIGHT network, creating an advantage for it in the highly competitive cryptocurrency market.

3️⃣ Cross-border payment and AI agent settlement efficiency improvement Bitlight Labs has developed a payment framework and application for Bitcoin and stablecoins based on RLN, aimed at improving the efficiency of cross-border payments and AI agent settlements through stablecoins defined by RGB on the Lightning Network. This innovation may attract more institutional and individual users to adopt the LIGHT ecosystem, potentially expanding its market share.

From a technical perspective, the price of LIGHT has rebounded strongly after a previous adjustment, rising 24.26% within 24 hours and breaking through the $1 mark. This upward trend may reflect the market's positive response to LIGHT's ongoing technical innovations. On the fundamental side, LIGHT's in-depth development in the Bitcoin Lightning Network and RGB protocol, as well as its efforts to improve cross-border payment efficiency, lay a solid foundation for its long-term development.

This message does not constitute investment advice, and investors should be aware of market volatility risks.