27 Sep 2021

Lightning Network BTC Capacity grows further

After stabilizing in August, the Lightning Network has again seen accelerated growth in September, with the public capacity surpassing 2,900 BTC yesterday.
Source: Bitcoin Visuals
The bitcoin capacity on the Lightning Network currently sits at 2,914 BTC, continuing the remarkable growth from earlier this year.One of the most influential node operators, LNBig, added more than 150 BTC to their public Lightning channels this month, contributing to LN’s public capacity’s accelerated growth in September.Additionally, El Salvador’s bitcoin law has likely contributed to a further acceleration of the Lightning adoption. El Salvador’s president Nayib Bukele announced earlier this week that more than 2.2 million Salvadoreans had been onboarded on the Chivo app.The Lightning Network is currently in a very interesting phase as it shows signs of evolving from its proof-of-concept days to real adoption and usage from many. Stay tuned for an in-depth report on The State of the Lightning Network from us in the upcoming weeks.
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