“Bitcoin Lightning Network capacity in public channels continues to push to new highs, despite prevailing bear market headwinds.”
Notably, the Lightning Network, a layer-2 scaling solution designed to make BTC transactions faster and cheaper, has continued to gather use cases. For instance, El Salvador’s adoption of Bitcoin as a legal tender has offered the platform a real-world use case.
Furthermore, the increasing capacity will potentially lead to a surge in the day-to-day use cases of Bitcoin, like payments and investment opportunities driving the asset’s adoption. It is expected that progress will potentially push Bitcoin into the mainstream as the cryptocurrency continues to make its case as a store of value.
