(Bitcoin Visuals) Capacity on the Bitcoin Lightning Network reached a record 3,915.776 BTC, illustrating a growing desire for faster transaction speeds at a lower cost.
The Bitcoin Lightning Network is believed to grow in tandem with the adoption of BTC on a global scale, despite the prices of the world’s largest crypto experiencing declines lately.
The Bitcoin LN has maintained an upward trajectory since it was launched on the Bitcoin mainnet in 2018 to address the scalability issues.
Despite experiencing a drop of capacity of more than 7% in April after LN fell from 3,687,051 to 3402.273 in a matter of a week, the network has shown resilience. It rose to 3,718.35 BTC on the second day of May.
Following the strengths, a Redditor’s data-driven prediction expects growing adoption of the layer-2 protocol. The adoption is driven by the need to enhance reliability, lower costs, and increase accessibility.
BTCUSD is up +3.38%.
