Lightning Network Now Houses Over 3,000 Bitcoin

The Lightning Network, Bitcoin’s layer 2 scaling solution for fast and cheap bitcoin payments, now houses over 3,000 BTC in its more than 77,000 channels, according to data from The network’s bitcoin capacity has more than doubled since June when it crossed the 1,500 BTC milestone.

Fueled by a growing awareness after El Salvador enacted the Bitcoin legal tender law, Lightning has been seeing a steep increase in activity in terms of channel number and bitcoin capacity. The number of BTC being held in Lightning channels has nearly tripled since the beginning of the year.

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