{"id":175595,"date":"2021-02-11T07:45:07","date_gmt":"2021-02-11T04:45:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/lightning-network-node-count-hits-record-high-tvl-tops-42m\/"},"modified":"2021-02-11T07:45:07","modified_gmt":"2021-02-11T04:45:07","slug":"lightning-network-node-count-hits-record-high-tvl-tops-42m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/lightning-network-node-count-hits-record-high-tvl-tops-42m\/","title":{"rendered":"# Lightning Network node count hits record high, TVL tops $42M"},"content":{"rendered":"<p>&#8220;<strong># Lightning Network node count hits record high, TVL tops $42M <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvYzk0MjZiNzMtMzgxYi00YmViLWEyNTUtOTIzZjM0MWViNGU0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The Lightning Network has grown 75% in size over the past year,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinvisuals.com\/lightning\"> hitting<\/a> a record high 8,900 nodes for the first time on Feb. 8, according to LN monitors at Bitcoin Visuals.\u00a0<\/p>\n<p>A significant proportion of the increase occurred more recently, suggesting that some Bitcoiners are gravitating toward the layer-two solution, potentially as a means of escaping ever-increasing transaction fees.<\/p>\n<p>The total BTC locked in LN channels has remained in the 1,000 to 1,100 range since Aug. 2020 \u2014 however the total dollar value has risen 250% in the intervening months, translating to a record $42.72 million currently locked on the network.<\/p>\n<p>The total number of channels between nodes currently stands at about 38,600, which is the highest since May 2019. This count does not represent channels between private nodes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;ve been using the lightning network for 2 years. I already use it for monthly payroll.<\/p>\n<p>I&#8217;m still focused on economic inclusion, which requires decentralized unstoppable money, which requires a fee market. <\/p>\n<p>Stoppable money with low fees gets&#8230; stopped.<\/p>\n<p>\u2014 Andreas M. Antonopoulos (@aantonop) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/aantonop\/status\/1357710943254241281?ref_src=twsrc%5Etfw\">February 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Three years after launch, the Lightning Network is still facing an uphill battle to on-board new participants, and is yet to achieve a meaningful level of adoption. Many regular users of Bitcoin are<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Gallant26985999\/status\/1359689998887391235\"> off-put<\/a> by the technical requirements of funding a Lightning node and maintaining a channel, preferring to stick with on-chain transactions until the experience becomes less daunting.<\/p>\n<p>However big exchanges have begun to adopt the network. In Dec. 2020, Kraken shared its plans to integrate the Lightning Network during the first half of 2021. OKEx made a similar announcement early last week and expects to roll out LN support \u201cin the coming quarter.\u201d<\/p>\n<p>Bitfinex, which has offered fee-less conversions of LN funds for over a year, has taken the additional step of also supporting Liquid BTC, which is Blockstream\u2019s competing smart contract-driven L2 solution. Both Lightning and Liquid BTC can readily be exchanged for BTC on-chain at Bitfinex.<\/p>\n<p>As more exchanges onboard second layer based deposit and withdrawal options for BTC, inter-exchange fund transfers are predicted to become much faster and cheaper, with standard transaction fees being replaced with Lightning\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n base fee of 1 satoshi.<\/p>\n<p>The Lightning Network was originally conceived by Joseph Poon and Thaddeus Dryja, who<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/lightning.network\/lightning-network-paper.pdf\"> published<\/a> their white paper on the subject in Jan. 2016. Recognizing the limitations of Bitcoin\u2019s (then) 1MB block size cap, Poon and Dryja set out to create a way in which BTC transactions could be made off-chain. The result was an independent, smart contract-based network that has the potential to help Bitcoin scale to a much higher throughput of transactions per second.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">You need to read what Ross Stevens, Executive Chairman of NYDIG, said to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/michael_saylor?ref_src=twsrc%5Etfw\">@michael_saylor<\/a> yesterday about how he&#8217;s leveraging the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LightningNetwork?src=hash&amp;ref_src=twsrc%5Etfw\">#LightningNetwork<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ln_strike?ref_src=twsrc%5Etfw\">@ln_strike<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lightning?ref_src=twsrc%5Etfw\">@lightning<\/a>. \u26a1<\/p>\n<p>It describes <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>&#8216;s Chapter 2 in such a direct and incredible way. Buckle up. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/SKujGKeGuG\">pic.twitter.com\/SKujGKeGuG<\/a><\/p>\n<p>\u2014 Ryan Gentry (@RyanTheGentry) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RyanTheGentry\/status\/1357487814645067789?ref_src=twsrc%5Etfw\">February 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/lightning-network-node-count-hits-record-high-tvl-tops-42m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Lightning Network node count hits record high, TVL tops $42M &#8221; The Lightning Network has grown 75% in size over the past year, hitting a record high 8,900 nodes for the first time on Feb. 8, according to LN monitors at Bitcoin Visuals.\u00a0 A significant proportion of the increase occurred more recently, suggesting that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":175596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvYzk0MjZiNzMtMzgxYi00YmViLWEyNTUtOTIzZjM0MWViNGU0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,75029,76216,74889,76341],"class_list":["post-175595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-lightning-network","tag-nodes","tag-payments","tag-scalability"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/175595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=175595"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/175595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/175596"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=175595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=175595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=175595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}