Bitcoin's Lightning Network capacity reaches an all-time high

Bitcoin • September 29, 2021, 12:48PM EDT
The Block

The capacity of the Bitcoin Lightning Network has reached an all-time high, nearing 3,000 bitcoin, according to The Block's Data Dashboard.

The Lightning Network is the main Layer-2 solution for Bitcoin, designed in an effort to make small bitcoin transfers cheaper and faster. The current capacity of the network stands at around 2,955 bitcoin (over $123 million at current prices), meaning its users can move (send and receive) this much worth of amount via the network.

The Lightning Network has been growing at a rapid pace since January of this year. Several factors appear to have led to that growth, including Twitter's recent announcement that said the company has rolled out its tips function worldwide via the Lightning Network. El Salvador's official bitcoin wallet, Chivo, also supports the network for transfers.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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