Lightning Network: record volumes
Crypto

Lightning Network: record volumes

By Alfredo de Candia - 3 Sep 2019

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As reported by CoinShares, a company that provides tools for crypto traders, Lightning Network has reached record volumes during its last year of activity.

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.

lightning network record volumes

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.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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