The Lightning Network’s capacity metric for micro-payments has reached a record high in both dollar terms and cryptocurrency terms, according to data from The Block.
On June 24, the metric surpassed $172 million, with the total value of assets in payment channels at 5,620 BTC. Over the past 12 months, the increase was 42% in Bitcoin and 105% in fiat terms.
The previous peak was recorded on April 18 — 5,620 BTC.
Since the start of 2023, several prominent industry players have announced initiatives to use the protocol.
Lightspark, David Marcus’s startup, launched a platform to connect businesses to LN. Xapo, a cryptocurrency private bank, integrated the network, and Coinbase CEO Brian Armstrong announced a similar move by the largest U.S. exchange.
TBD, the bitcoin-focused subsidiary of Jack Dorsey’s Block, announced the launch of an LN ecosystem development unit named s=.
MicroStrategy, a provider of analytics software, launched a service to incentivize customers or employees using the protocol.
Global cryptocurrency exchange Binance launched new LN nodes as part of preparations for full network integration.
In May, LN developers updated the protocol Taproot Assets (formerly Taro) for issuing assets on the Bitcoin blockchain.
The OmniBOLT project team stated it is working on integrating into the network BRC-20 tokens.