Bitcoin Worth $120.5M Bridged to Avalanche Until Today Bitcoin Worth $120.5M Bridged to Avalanche Until Today
From the macro perspective, Bitcoin Lightning Network’s capacity has consistently been inclining. In the beginning of Q4 last year, it surpassed the 5k mark, while it now stands at 5,220.59 BTC. For context, in January 2021, the capacity was hovering around 1k BTC. This means, the growth to the current $108.6 million mark has been achieved in just two years. Like shown below, the capacity acceleration picked up pace in mid-2022 when Bitcoin was attempting a recovery. Even though Bitcoin failed to progress on the price front, the Lightning Network kept growing, making the case for increased adoption. In the most basic essence, the Lightning Network aids users to send and receive Bitcoin faster with lower fees. The higher capacity, the better, for it connotes to more liquidity. Alongside the depicted growth, people from the space have been bullish on Bitcoin’s L2 technology. A couple of weeks back, the Executive Chairman of MicroStrategy, Michael Saylor, revealed th...