Bitcoin Lightning Network capacity hits all-time high

According to ME News, on December 18th (UTC+8), the Lightning Network, Bitcoin's Layer 2 network, reached a new all-time high in capacity, driven by widespread adoption by major crypto exchage and continuous functional optimization. Data from Bitcoin Visuals shows that on Monday, the Lightning Network capacity reached 5,606 bitcoins, breaking the record set in March 2023. Analysis platform Amboss also reported that the Lightning Network capacity peaked on Tuesday at 5,637 bitcoins, worth approximately $490 million. Data shows that after a year of declining capacity, the Lightning Network saw a surge in capacity in November and December, as more bitcoins were added to the network, resulting in faster transactions 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 down from the 2022 peak. The data indicates that while the amount of bitcoins added to the Lightning Network is increasing, usage, measured by the number of nodes and channels, may not be growing accordingly. (Source: ME)