HomeUncategorizedBitcoin Lightning Network growth is organic, coming from real-world adoption By Cointelegraph

Bitcoin Lightning Network growth is organic, coming from real-world adoption By Cointelegraph

February 23, 2023

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© Reuters.

The capacity of Bitcoin’s Lightning Network (LN) recently surpassed an all-time high of 5,000 (BTC).

The Lightning Network is a neutral protocol built on top of Bitcoin, and it currently does not have a “native” token attached to it like many decentralized finance (DeFi) platforms.

Total ETH locked in DeFi contracts (top) and total BTC in LN channels (bottom). Source: DefiLlama
Lightning Network number of channels. Source: Glassnode
LN capacity and important chronological events. Source: Valkyrie