Bitcoin’s second layer payment protocol Lightning Network has been expanding unnoticed by most users. First proposed in 2015 and launched in 2018 as a beta, its adoption and capacity have accelerated during the past few months.
The Lightning Network allows users to send fast and low-cost transactions via payment channels. Unlike the Bitcoin-based layer, lightning transactions are processed “off-chain” via a mechanism called gossip and probing that enables nodes can follow possible transaction routes.
Arcane Research published a recent report wondering if this Bitcoin-based network will have a similar momentum as decentralized financed in July 2021, during the “DeFi Summer”. A mania broke out during this period and seemingly everyone started to interest in DeFi dApps.
Data from this research firm indicates that the Lightning Network increase its capacity from 1,100 to 1,200 in 39 days. Later, from 1,200 to 1,300, it took it 34 days, as the chart below shows.
Source: Arcane Research
At the moment, Bitcoin’s Lightning