After a surge in adoption, the number of nodes on the Lightning Network (LN), Bitcoin’s leading second-tier solution, has soared to a record level.
According to on-chain analytics provider Glassnode on September 27 Zhou Lian report, quantity Lightning Network Node In September, it increased by 160%, setting a record high of 15,600. At the end of August, only 6,000 LN nodes were active.
The report added that the number of channels or connections between different nodes on the LN also reached a peak of 73,000, which means that each node has an average of 4.6 channels. Bitcoin Vision As of September 26, it is currently reported that there are an average of 9.3 channels per node.
“This is approximately twice the number of live channels during 2019-20, and most of the growth has occurred since May 2021.”
According to Glassnode, there has been an “explosive growth” in the total capacity of the Lightning Network this year. This indicator refers to the total amount of BTC that can be transferred using LN.
The capacity of the network is currently at its highest level in history, at 2,904 BTC (USD 123 million at current prices). This milestone marked a 170% increase in capacity since January, and approximately 22% or 514 BTC was added to the network in September alone.
The average channel capacity or the number of BTC sent per channel is currently 0.04 BTC (approximately $1,670), representing another historical high for the network. This is an increase of 43% from the average channel size of 0.028 BTC throughout 2019 and 2020.
related: OKEx uses Lightning Network to accelerate Bitcoin transactions
Due to the popular social media network, the Lightning Network has recently made headlines Twitter integrates LN for tipping In addition to the network’s national promotion in El Salvador Digital asset embrace.
The Lightning Network was proposed in 2015 by two researchers Thaddeus Dryja and Joseph Poon as a way to off-chain Bitcoin transactions to increase throughput and reduce costs.
