{"id":85596,"date":"2023-10-11T15:38:43","date_gmt":"2023-10-11T12:38:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85596"},"modified":"2025-09-13T00:17:50","modified_gmt":"2025-09-12T21:17:50","slug":"expert-calls-lightning-network-growth-a-shock","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/expert-calls-lightning-network-growth-a-shock\/","title":{"rendered":"Expert calls Lightning Network growth a shock"},"content":{"rendered":"<p>In August 2023, the growth of routed transactions in the micro-payments network <a href=\"https:\/\/forklog.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\">Lightning Network (LN)<\/a> relative to the value two years ago stood at 1,212% \u2014 from 503 thousand to 6.6 million \u2014 which cannot fail to shock. <a href=\\\"https:\/\/river.com\/learn\/files\/river-lightning-report-2023.pdf?ref=blog.river.com\\\">River Financial<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<div class=\\\"wp-block-image\\\">\\n<\/p>\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/1-778.webp\\\" alt=\\\"1-778\\\" class=\\\"wp-image-217683\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: River Financial.<\/figcaption><\/figure>\n<\/div>\n<p>\\n\\n<\/p>\n<p>The real figures could be higher.<\/p>\n<p>\\n\\n<\/p>\n<p>To validate the figures presented, experts modelled the results several times.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<\/p>\n<p><em>\\&#8221;Despite only 5,000 BTC locked in LN, combined with the ongoing bear market, the network is achieving a great deal,\\&#8221;<\/em> \u2014 the document says.<\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n\\n<\/p>\n<p>The value transferred also rose sharply. As of August 2023, the figures stood at $78.8 million and 2,950 BTC, versus $12.1 million and 303 BTC two years earlier (up 546% and 874%, respectively).<\/p>\n<p>\\n\\n<\/p>\n<div class=\\\"wp-block-image\\\">\\n<\/p>\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/2-632.webp\\\" alt=\\\"2-632\\\" class=\\\"wp-image-217684\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: River Financial.<\/figcaption><\/figure>\n<\/div>\n<p>\\n\\n<\/p>\n<p>Analysts say gaming apps have had a major impact on the network&#8217;s growth. Monthly, LN is used for these purposes by hundreds of thousands of people.<\/p>\n<p>\\n\\n<\/p>\n<p>Binance<a href=\"https:\/\/forklog.com\/en\/news\/binance-integrates-lightning-network\"> completed the rollout<\/a> of the Lightning Network for deposits and withdrawals.<\/p>\n<p>\\n\\n<\/p>\n<p>Also, the micropayments network has already been adopted by <a href=\"https:\/\/forklog.com\/en\/news\/bitfinex-expands-bitcoin-transfers-via-lightning-networks-wumbo-channels\">Bitfinex<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/kraken-to-add-lightning-network-support\">Kraken<\/a>, River Financial, OKX and CoinCorner.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier Coinbase CEO Brian Armstrong <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-chief-pledges-to-integrate-lightning-network\">promised to integrate the Lightning Network<\/a> \\&#8221;in some capacity\\&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>River Financial: In August 2023, the growth of routed transactions in the Lightning Network relative to the value two years ago stood at 1,212% \u2014 from 503 thousand to 6.6 million.<\/p>\n","protected":false},"author":1,"featured_media":85597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,325,167],"class_list":["post-85596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-lightning-network","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85596"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85596\/revisions"}],"predecessor-version":[{"id":85598,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85596\/revisions\/85598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85597"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}