The capacity of the Bitcoin Lightning Network reaches a new all-time high

robot
Abstract generation in progress

ChainCatcher news, according to Cointelegraph, as major cryptocurrency exchanges widely adopt and continuously optimize their functions, the capacity of the Bitcoin Layer 2 network—the Lightning Network—has reached an all-time high.

Bitcoin Visuals data shows that the Lightning Network’s capacity reached 5,606 Bitcoins, breaking the record set in March 2023. The analytics platform Amboss also reported that the Lightning Network’s capacity peaked at 5,637 Bitcoins, worth approximately $490 million. The data indicates that after experiencing a year of declining capacity, the Lightning Network saw a surge in November and December, as more Bitcoins were added to the network, resulting in faster transaction speeds and lower costs.

Currently, the number of Lightning Network nodes is 14,940, down from the peak of 20,700 in March 2022; while the number of channels between nodes is 48,678, also below the peak in 2022. The data suggests that while the amount of Bitcoin added to the Lightning Network is increasing, the usage measured by the number of nodes and channels may not be growing correspondingly.

BTC1.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin