Lightning Network Capacity Reaches Record High
- The Lightning Network‘s public capacity hit approximately 5,606 BTC, with peaks near 5,637 BTC.
- Major exchanges like Binance and OKX have increased their Bitcoin deposits into Lightning channels.
- Public node counts remain stable at about 14,940, with around 48,678 public channels.
- One exchange reported routing approximately 15% of its Bitcoin transactions via Lightning rails.
- Tether led an $8 million funding round for a startup focused on Lightning payments.
The Lightning Network’s increased capacity is driven by major exchanges enhancing liquidity through Bitcoin deposits in off-chain channels to improve transaction speed and reduce fees for users.
Despite the rise in capacity, the number of public nodes has not significantly increased, indicating that liquidity is centralized within larger custodial channels managed by exchanges. This development highlights the growing role of the Lightning Network in facilitating efficient Bitcoin transactions.Source
