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The capacity of the Bitcoin Lightning Network reaches a new all-time high
ChainCatcher reports that, according to Cointelegraph, as major cryptocurrency exchanges widely adopt and continuously optimize their features, the capacity of the Bitcoin Layer 2 network—the Lightning Network—has reached a new all-time high.
Data from Bitcoin Visuals shows that the Lightning Network capacity has reached 5,606 Bitcoins, breaking the record set in March 2023. The analytics platform Amboss also reported that the Lightning Network capacity peaked at 5,637 Bitcoins, worth approximately $490 million. Data indicates that after a year of capacity decline, the capacity surged in November and December due to more Bitcoins being added to the network, resulting in faster transactions and lower costs.
Currently, the Lightning Network has 14,940 nodes, below the peak of 20,700 nodes in March 2022; the number of channels between nodes is 48,678, also below the 2022 peak. The data shows that while the amount of Bitcoin added to the Lightning Network is increasing, the usage measured by the number of nodes and channels has not necessarily grown correspondingly.