The Lightning Network, Bitcoin’s Layer 2 payment protocol, has achieved a new landmark, reaching an all-time high in Bitcoin capacity, a pivotal move underscoring the network’s continued growth and increased adoption.
The network, which works by locking Bitcoin in payment channels, witnessed a substantial boost, pushing its Bitcoin capacity to a record-high of more than 5,500 BTC for the first time since April, according to data from The Block.
This monumental achievement signifies not just the robust growth of the network, but also the increasing confidence in the Lightning Network as a viable payment protocol.
Surge In Bitcoin Network Capacity
According to The Block, this past Saturday, the Lightning Network attained an apex in capacity, hitting 5,630 BTC. This figure surpasses the prior peak of 5,620 BTC recorded on April 18. Concurrently, the network’s US Dollar capacity also reached an all-time high, topping $172 million.
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