As reported by CoinShares, a company that provides tools for crypto traders, Lightning Network has reached record volumes during its last year of activity.
– 901 nodes
– $42k USD capacity (3.9 BTC)
– 1,627 nodes
– $658k USD capacity (93 BTC)
– 3,593 nodes
– $2.8M USD capacity (731 BTC)
– 4,831 nodes
– $8M USD capacity (836 BTC)
Don't sleep on Bitcoin's second layer ⚡️
— CoinShares 👩🚀 (@CoinSharesCo) September 1, 2019
According to the statistics reported, at the beginning of 2018, there were 901 nodes with a total capacity of 3.9 BTC, whereas at the beginning of September 2019 these figures increased exponentially reaching 4831 nodes and a capacity of 836 BTC, which is approximately $8 million.
As a result, in percentage terms, the LN network has seen an increase in nodes of over 195% and a shocking +798% in terms of capacity.
These are impressive numbers, which in May also recorded peaks of over 1000 BTC.
It is worth remembering, however, that LNBIG, which manages almost 40% of the LN network, is having a hard time generating profits.
Moreover, it has recently been shown that Dogecoin (DOGE) is used more often than Lightning Network. Cryptwerk has compiled a constantly updated list of the most popular stores that accept DOGE. According to the research, there are more than 600 companies that accept DOGE payments against the 200 that accept Bitcoin LN.