A recent report from the Bitcoin-exclusive exchange, River, has unveiled a remarkable surge in the growth of Bitcoin’s layer 2 Lightning Network. In just two years, this network has witnessed an astounding 1,212% growth, with an impressive 6.6 million routed transactions in August. This represents a significant leap compared to the 503,000 transactions in August 2021.
Highlights
Lightning Network’s Resilience Amidst Challenges
A Promising Future for Bitcoin as a Medium of Exchange
Implications for Bitcoin’s Mainstream Adoption
Lightning’s Role in Redefining Digital Payments
The Role of Regulation in Lightning’s Future
The Lightning Network as a Decentralized Finance (DeFi) Enabler
Lightning Network’s Resilience Amidst Challenges
Even amidst a 44% drop in Bitcoin’s price and a decrease in online search interest, the Lightning Network has shown remarkable resilience. River’s research analyst, Sam Wouters, has highlighted this robustness…
