Before Bitcoin Ordinals and BRC-20, the world’s first cryptocurrency network ran the most prominent Layer-2 solution – Lightning Network (LN). Over th
e past, the network was widely utilized for conducting faster transactions, but LN seems to be losing the amount of BTC on it at the moment.Bitcoin Lightning Network, at its peak in March 2022, was operating more than 20,000 nodes. Since then, the nodes on the network began falling considerably. However, the BTC capacity of the LN continued rising, reaching its all-time high of 5,498 BTC in July this year. Both nodes and capacity help in measuring the demand of the network.
Thus, the recent decline in the capacity is not a matter of concern. Over the past four months, the number of BTC on the network has been declining consistently, falling by 13.7% from 5,468 BTC to 4,716 BTC. “Node operators are beginning to discover that they can accomplish the same or more with less capacity.”
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