Bitcoin’s Lightning Network (LN) micropayment network capacity has peaked in dollar and crypto terms, according to data from The Block.
On June 24, the indicator exceeded $172 million — the total volume of assets in payment channels amounted to 5620 BTC. Over the past 12 months, the increase was 42% in bitcoin and 105% in fiat terms.
The previous peak was recorded on April 18 – 5620 BTC.
Since the beginning of 2023, several well-known companies in the industry have announced initiatives to use the protocol.
Startup Lightspark by David Marcus has launched a platform for connecting businesses to LN. Cryptocurrency private bank Xapo integrated the network, and the head of Coinbase, Brian Armstrong, announced a similar step from the largest US exchange.
TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block, has announced the launch of an LN ecosystem development arm called c=.
Analyst software provider MicroStrategy has introduced a protocol-based service to reward customers or employees.
Global crypto exchange Binance has launched new LN nodes in preparation for full network integration.
Recall that in May, LN developers updated the Taproot Assets (formerly Taro) protocol for issuing assets on the bitcoin blockchain.
The OmniBOLT project team announced that they are working on integrating the BRC-20 tokens into the network.
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