Bitcoin payment network Lightning Network has reached an all-time high in terms of liquidity or the amount of BTC locked in payment channels.
According to the data shared on Bitcoin Lightning Network activity, the amount of Bitcoin locked in liquidity or payment channels has reached an all-time high. at the beginning of last year 3,350 BTC containing volume Lightning Network’s Bitcoin asset, 63% with an increase of 5,490 has risen above it.
Lightning Network is built on top of the Bitcoin blockchain a second layer payment protocol functions as. This system is designed to enable fast and inexpensive micropayments by allowing participants to transact directly on the blockchain.
The growth of Lightning Network’s capacity coincides with a short-term rally in Bitcoin’s price. CoinGecko cryptocurrency, since January 1, 2023 rose 38% from $16,500 to $22,800. Bitcoin all-time high (ATH) in November 2021 $69,000 compared to still 66% It is traded in Altun.
On the other hand, even though the volume on the Bitcoin Lightning Network has broken a record, it is still difficult to look at the Dune Analytics data. Avalanche (AVAX) It seems that the volume of Bitcoin bridged or transported on its network is more than the Lightning Network.