LIGHT (Bitlight) fell 7.20% in the last 24 hours.

Gate News Bot news, on October 13, according to CoinMarketCap data, as of the time of writing, LIGHT (Bitlight) is currently priced at $0.81, having fallen by 7.20% in the last 24 hours, with a high of $1.02 and a low of $0.79. The current market capitalization is approximately $3.48 million, a decrease of $2.6946 million compared to yesterday.

Bitlight Labs is a company dedicated to promoting the development of the Bitcoin Lightning Network ecosystem. 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. The company also develops the RGB Lightning Network node RLN based on LDK to enable efficient and low-cost asset trading and transfer on Bitcoin. Bitlight Labs is simultaneously developing a payment framework and applications for Bitcoin and stablecoin based on RLN, aiming to enhance the efficiency of cross-border payments and AI agent settlements through the stablecoins defined by RGB.

Important news about LIGHT recently:

1️⃣ BitlightLabs continues to promote RGB-Lightning technology innovation BitlightLabs, as a member of the LNP/BP Association and a key contributor to the RGB protocol, is actively developing the native smart contract infrastructure for Bitcoin and the Lightning Network, aiming to pioneer native BitcoinFi. This ongoing technological innovation and ecosystem development is expected to enhance the long-term value and market attractiveness of the LIGHT project.

2️⃣ RGB Lightning Network Node RLN Development Progress BitlightLabs is developing the RGB Lightning Network node RLN based on LDK, aiming to achieve efficient and low-cost asset transactions and transfers on Bitcoin. This technological advancement may significantly enhance the performance and user experience of the LIGHT network, creating an advantage in the highly competitive cryptocurrency market.

3️⃣ Improvement of Cross-border Payment and AI Agent Settlement Efficiency BitlightLabs has developed a Bitcoin and stablecoin payment framework and application based on RLN, utilizing stablecoins on the Lightning Network defined by RGB, aimed at improving the efficiency of cross-border payments and AI agent settlements. 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 shown a downward trend recently, with significant declines for two consecutive days. On October 11, it fell by 5.22%, and on October 13, it dropped another 7.20%, which may reflect the market's adjustment to the previous gains. Fundamentals indicate that although LIGHT continues to delve into the Bitcoin Lightning Network and RGB protocol, market sentiment remains cautious in the short term.

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