Early adopters of the Lightning Network may find a reason to be optimistic as the technology begins reaching unprecedented levels of adoption, adding several nodes to the network and a significant amount of Bitcoin to boot.
In February this year, the network had 1,000 channels at a value of 4 BTC. In the following months, the number of channels kept growing at a steady rate, but the quantity of Bitcoin hadn’t kept pace.
This was pretty much the status quo until mid-November, when a sudden influx of adoption brought the number of channels up to 16,000 and the total market capitalization of the network to over 450 BTC. That’s a 1,600% increase in adoption and a 10,000% increase in capital compared to the February milestone.
This sudden burst happened around
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