Ever since its introduction to Bitcoin in 2018, the Bitcoin Lightning Network has been able to steadily increase its capacity.
Despite the prolonged market downturn, Bitcoin’s (BTC) core architecture is improving, making the impenetrable P2P network ever more secure, decentralized, and fast. The BLN is the same (LN).
BLN (Bitcoin Lightning Network) Attains All-Time High
Bitcoin Visuals data shows that the capacity of the Bitcoin Lightning Network has reached 3915.776 BTC, demonstrating dedication to the cause of accelerating Bitcoin transactions while lowering transaction costs using the layer-2 protocol.
Bitcoin’s famed scalability concerns have been addressed by the Bitcoin Lightning Network, which was originally introduced onto the Bitcoin mainnet in 2018, and has since continued to grow in capacity.
But on April 18, Lightning Network capacity temporarily declined by 7.7 percent, from 3687.051 BTC to 3402.273 BTC within a week, temporarily disrupting the ascent. In a display of network resiliency, the number of Bitcoins quickly rebounded to 3718.351 by May 2.
Furthermore, 1ml data demonstrates that all other components of the BLN continue to increase in tandem with Bitcoin’s worldwide adoption push.
A data-driven forecast made by a Reddit user suggests an industry-wide shift away from L1 blockchain bridges in favor of L2s. For the reasons the OP has given:
L2 adoption is occurring today, although gradually and in spurts. L2s are quietly boosting availability, lowering costs, and cutting barriers to entry. It’s great to see that L2s are continually developing and growing.