Lightning Network's USD Capacity Hits Record High

The Lightning Network has seen a 37% increase in its U.S. Dollar capacity, reaching nearly $325 million.
Lightning Network's USD Capacity Hits Record High
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Key Takeaways

  • Lightning Network's USD capacity surges by 37%.
  • USD capacity reaches all-time high of nearly $325 million.
  • Lightspark CEO claims Lightning can support larger transactions.

The Lightning Network, a second-layer payment protocol on Bitcoin, has seen a significant increase in its U.S. Dollar capacity, with a 37% surge in the last month.

However, its bitcoin capacity has decreased by 5% over the same period.

Record highs and Bitcoin price influence

The network’s U.S. dollar capacity has reached nearly $325 million, an all-time high, while its bitcoin capacity is 17% lower than its peak.

The rise in U.S. dollar capacity aligns with Bitcoin’s recent price highs, impacting the network’s capacity.

Importance of infrastructure development

David Marcus, CEO of Lightspark, emphasized the importance of expanding the network’s infrastructure to support larger payments.

Particularly because we can actually guarantee that even larger payments succeed on Lightning, which in the past has been pretty hard to achieve

He noted that enhancing the network’s capacity is crucial for ensuring the success of larger transactions on the Lightning Network.

Bitbo Dashboard → / Original Article