My Top 3 Takeaways From Fidelity And Voltage’s Recent Lightning Report

Credit : bitcoinmagazine.com

In a report launched this Wednesday, Constancy Digital Belongings is in collaboration with Lightning Fee Supplier Tension Introduced one report Within the standing of the lightning community.

The report describes the various methods through which the lightning community has grown for the reason that launch in 2018.

It additionally illustrates how extra corporations have began recording lightning in 2024 than yearly earlier than, that bigger channels type on the community and that extra lightning nodes come on-line.

Some necessary statistics of the piece embrace the next:

• The full lightning capability expressed in US {dollars} has elevated by 2,767% since 2020
• The capability linked by Bitcoin has grown by 384% in the identical interval
• Presently, nearly all funds on lightning below 1,000,000 SATs have been integrated into lower than 1.1 seconds

Though these statistics made me optimistic, it was different data within the report that actually resonated with me and made me rethink how I view Bitcoin and Lightning.

Beneath have been the highest three assortment eating places from the report:

• Lightning funds get grip on Nostr (The world’s largest Bitcoin round financial system), since NOSTR customers have despatched greater than 3.6 million particular person zaps over the previous six months
• Initiatives reminiscent of Ark, one other Bitcoin Layer 2 protocol, illustrate that lightning has use circumstances that transcend solely peer-to-peer channels (with Ark customers can share digital utxos (VUTXOS) with a bigger group as a substitute of on one one) will be inbuilt ways in which many initially didn’t count on
• The “HODL” mentality is likely one of the issues that also decelerate the adoption of lightning; In different phrases, if Bitcoin fanatics don’t spend their bitcoin, lightning progress can stagnate, which might hurt the worth proposition of Bitcoin

So, as a result of we’re right here at the start of 2025, a 12 months that many assume that lightning can be huge, I can solely be optimistic to see what sort of traction lightning strike within the subsequent 10 months.

It’s excessive time that Bitcoin was used extra as an change medium – the best way Satoshi meant to be that.