Surging Bitcoin Lightning Network adds 2.5K nodes in one week, hits all-time highs

Quick Take

• The emergence of Inscriptions has resulted in elevated fees for Bitcoin and has put further strain on layer two adoptions due to cheaper transaction fees such as lightning.
• CryptoSlate did a research article on the importance of the Bitcoin lightning network.
• What is being seen on-chain is the fact that lightning nodes have grown by over 2,500 in the past week, the biggest growth the network has seen.
• Almost 18,000 lightning nodes on the network, an all-time high, shows adoption is happening but needs to continue.
• Currently, 5,470 locked Bitcoin in the lightning network capacity — which is also roughly at all-time highs.

Analyst View profile →

James Van Straten

Former Lead Analyst • CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

@jvs_btc LinkedIn

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