Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»As Bitcoin capacity weakens, the Lightning Network’s U.S. dollar capacity surges to an all-time high.
ADOPTION NEWS

As Bitcoin capacity weakens, the Lightning Network’s U.S. dollar capacity surges to an all-time high.

By Crypto FlexsMarch 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
As Bitcoin capacity weakens, the Lightning Network’s U.S. dollar capacity surges to an all-time high.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Updated: March 10, 2024, 6:21 PM EDT

Bitcoin’s price is not the only indicator testing new all-time highs.

The Lightning Network, Bitcoin’s second-tier payment protocol designed to speed up payment transactions, has recently seen a surge in U.S. dollar capacity, up 37% in the last month alone, according to data from The Block. However, over the same period, Bitcoin capacity on the network decreased by 5%.

According to data from The Block, the Lightning Network’s USD capacity is currently at an all-time high of approximately $325 million, while Bitcoin capacity is currently at 4,680, 17% below its all-time high. The increase in capacity in US dollar terms is somewhat unsurprising as Bitcoin tests a new all-time high price level. Previous records for Lightning Network capacity were also matched by Bitcoin price gains.

The Lightning Network’s capacity means US dollars and Bitcoin locked in a two-way payment channel built on the Bitcoin blockchain, enabling fast and inexpensive transactions with final settlement on the Bitcoin blockchain.

David Marcus, CEO of enterprise-grade Lightning Network company Lightspark, emphasized the importance of building infrastructure and capacity for the network during an episode of The Scoop podcast last June. “Because we can actually guarantee that larger payments can succeed with Lightning, which would have been quite difficult to achieve in the past,” Marcus told The Block.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025
Most Popular

Telegram founder Pavel Durov celebrates 40th anniversary with launch of special edition ‘Gift’

October 12, 2024

Why did Cardano price drop today?

August 31, 2024

BitMEX launches USUALUSDT perpetual swap with 50x leverage

December 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.