Bitcoin Lightning Network Capacity Hits All-Time High

PANews reported on December 18 that according to Cointelegraph, with the widespread adoption of major crypto exchanges and the continuous optimization of functions, the capacity of the Bitcoin Layer 2 network - Lightning Network (Lightning Network) has reached a record high. Bitcoin Visuals data shows that the Lightning Network’s capacity reached 5,606 Bitcoins on Monday, breaking the record set in March 2023. Analytics platform Amboss also reported that the Lightning Network’s capacity peaked on Tuesday at 5,637 Bitcoins, worth approximately $490 million.

Data shows that after a year of declining capacity, Lightning Network capacity surged in November and December as more bitcoins were added to the network, making transactions faster and cheaper. Currently, the number of Lightning Network nodes is 14,940, which is lower than the peak of 20,700 in March 2022; while the number of channels between nodes is 48,678, which is also lower than the peak in 2022. Data shows that the number of Bitcoins being added to the Lightning Network is increasing, but usage, measured by the number of nodes and channels, is not necessarily growing accordingly.

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