Bitcoin Lightning Network Approaches Record Transaction Capacity
The Bitcoin Lightning Network's capacity for handling transactions is steadily rising, nearing record levels. LookIntoBitcoin, a website monitoring Lightning Network statistics, shows the network is capable of processing over $210 million in transfers, equating to around 4,980 Bitcoin (BTC). This is close to the all-time high of $223 million set on December 6. The Lightning Network reached its maximum capacity in July, when it could handle about 5,400 BTC. It almost hit this peak again in November before a slight decline. Since its launch in early 2018, the Lightning Network's capacity has seen remarkable growth. Even amid the volatility of the crypto market during the 2022-2023 bear market, this Layer 2 network has maintained a steady upward trend. Supporters argue that Lightning enables quicker, more affordable BTC transactions
Read more on Bitcoin Lightning Network Approaches Record Transaction Capacity
