Lightning Network Capacity approaching ATH – almost 5,000 BTC in known capacity

Definition The Lightning Network Capacity can be defined as the total amount of BTC both locked and circulating within the Lightning Network. It is calculated by summing up the capacity of each public node. However, the exact number of BTC in capacity across the Lightning Network is unknown, as many nodes operate as private channels […]

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Definition

The Lightning Network Capacity can be defined as the total amount of BTC both locked and circulating within the Lightning Network. It is calculated by summing up the capacity of each public node.

However, the exact number of BTC in capacity across the Lightning Network is unknown, as many nodes operate as private channels and are hidden under TOR.

Quick Take

  • The lightning network capacity is approaching 5,000 BTC.
  • Traction started to take off meaningfully in the depths of the bear market in 2019.
  • The 2021 bull run spurred lightning adoption.
  • The lightning network total number of channels has approached 70,000.
Lightning Network, capacity net position change: (Source: Glassnode)
Lightning Network, capacity net position change: (Source: Glassnode)
Lightning network channels: (Source: Glassnode)
Lightning network channels: (Source: Glassnode)

The post Lightning Network Capacity approaching ATH – almost 5,000 BTC in known capacity appeared first on CryptoSlate.

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