Aside from that, the number of channels or connections between nodes on the LN has reached a peak of 73,000, corresponding to an average of 4.6 channels per node, according to the research.

“This is roughly double the number of channels that were living during the period from 2019 to 2020, with the majority of this expansion coming since May 2021,” it continued.

The total capacity of the Lightning Network was also discussed as a lightning network measure. “Total BTC capacity in LN channels has shown a tremendous increase over the last nine months,” according to the research.

The measure refers to the total amount of BTC that the LN may send. The network’s capacity is currently at an all-time high of 2,904 BTC ($121.2 million at current rates), according to the statement. The achievement represents a 170 percent growth in capacity since January, with 514 BTC ($21.5 million) added to the network in September alone.

The network’s channel size is the final lightning network metric to be reviewed. The average channel capacity or the amount of BTC sent per channel, has climbed from 0.028 BTC ($1,169) to 0.04 BTC ($1,670), marking yet another all-time high for the network. This is a 43 percent raise.

Because Twitter partnered with Strike to incorporate the Lightning Network for tipping, the Lightning Network has recently been in the news. Aside from that, the network’s countrywide rollout on the Chivo wallet was issued by the El Salvador government.