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The capacity of the Lightning Network, the Layer 2 solution for the Bitcoin network, has just reached an all-time high (ATH). The network, which is designed to solve the scalability problem of the largest cryptocurrency, has experienced parabolic growth since the beginning of 2021.
Since 23 September, Glassnode, the popular on-chain data provider, has released 5 new indicators. They allow us to monitor the health of the Lightning Network in real time. Thanks to them, we can see that not only the capacity of the Lightning Network, but also the number of its nodes and channels, is reaching record highs.
Lightning Network reaches ATH
The most popular Layer 2 solution for Bitcoin, the Lightning Network (LN), has just reached an all-time high for capacity. According to data from Glassnode, yesterday the value of Bitcoin locked in the LN reached 2,738 BTC. This is equivalent to around $116.3 million.