lightning network24

what's lightning network?

The Lightning Network is a layer-2 payment protocol built on the Bitcoin blockchain designed to enable fast, low-cost transactions by conducting them off-chain through payment channels between users. It addresses Bitcoin's scalability issues by allowing millions of transactions per second without burdening the main blockchain, while still leveraging Bitcoin's security via smart contracts. Users open bidirectional payment channels, route payments through a network of nodes, and settle final balances on-chain only when channels close. Key features include instant settlement, minimal fees, and privacy enhancements compared to on-chain transactions. Developed initially by Joseph Poon and Thaddeus Dryja, it was launched by Lightning Labs in 2018 and continues to evolve for broader adoption in decentralized payments.

Snapshot

Lightning Network processed a $1M Bitcoin transaction, the largest publicly recorded, between SDM and Kraken.

4D ago
PARTNERSHIP

Integrated into Satlantis's Bitcoin-native ticketing platform, enabling event organizers to accept BTC payments alongside fiat.

6D ago
ONCHAIN METRICS

Reached network capacity of 5,600 BTC across all channels.

1W ago
PARTNERSHIP

Integrated with European neobank Deblock via Breez SDK, enabling self-custody Lightning payments for approximately 300,000 users with near-instant transfers and negligible fees.

FINANCIAL EVENT

Launched USD-settled revolving credit line for BTC/USD lending.

ONCHAIN METRICS

Has over 217 companies and projects in its ecosystem as of February 2026.

2W ago
ONCHAIN METRICS

15% of all Bitcoin transactions on Coinbase now move on Lightning Network rails via Lightspark integration.

TECH EVENT

Released an open-source toolkit from Lightning Labs that enables autonomous AI agents to perform instant, programmatic micropayments natively, including seven modular skills for infrastructure, authorization, and automation, with lnget CLI client for automatic payment handling and Aperture for pay-per-use API implementation.

MARKET ACTIVITY

Cash App integrated zero-fee bitcoin spending, effective February 10, 2026, subsidized by Block.

ONCHAIN METRICS

Processed a $1M transaction on the network.

PARTNERSHIP

Integrated with Braavos Lightning to enable payments anywhere Lightning Network is accepted on Starknet.

ONCHAIN METRICS

Has 17,000 active nodes.

3W ago
WHALE ACTIVITY

Executed a $1M Bitcoin transaction in a pilot project between Secure Digital Markets and exchange Kraken, described as the largest Lightning payment ever publicly recorded.

1M ago
FINANCIAL EVENT

Programming Lightning receives a grant from Human Rights Foundation to expand its work in 2026.

OPINION SPECULATION

Survived as a payment and settlement rail by late 2025 while other Bitcoin L2s saw TVL consolidation, with its capacity reflecting utility rather than speculation according to market commentary.

VISIBILITY EVENT

Featured in a Bitcoin-focused interview discussion covering an upcoming major upgrade scheduled for 2026.

ONCHAIN METRICS

Reached $510M in BTC value locked in Lightning Network channels on January 1, 2026.

2M ago
MARKET ACTIVITY

Binance and OKX added liquidity to the network.

PARTNERSHIP

Integrated with Travel Retail Norway for Bitcoin payments at Oslo Airport in Norway.

PARTNERSHIP

Partnered with BitGo and Voltage Cloud to provide institutional custody access to the Lightning Network.

FINANCIAL EVENT

Received $8M investment led by Tether for Speed, a Lightning Network-native Bitcoin and stablecoin payments infrastructure.

Bitcoin rewards app Lolli enables Lightning Network withdrawals.

A study proves Lightning Network payments can be sent between Mars and Earth in 3 minutes.

Version 0.20 released with new native channel graph SQL tables, optimizations to reduce p2p gossip traffic load, DNS address support in node announcements, and bug fixes.

Xapo Bank, a fully licensed bank, integrates Lightning Network offering 0.1% spreads and instant Bitcoin payments.

Current Lightning Network capacity is $334 Million (~3,870 BTC), 22 times less than the $7.5 Billion in wrapped Bitcoin on Ethereum smart contracts.

3M ago

Processed $1.17B monthly volume and 5.22M transactions in November 2025; volume grew 300% annually; transactions 97-99.9% cheaper than Bitcoin mainnet.

Revolut integrates Bitcoin Lightning Network for its 50 million users.

BOB's TGE completion draws criticism from early users as many SPICE point participants receive no allocation despite two-year program, with primary token liquidity deployed on BNB Chain rather than the BOB network itself.

BlackRock's digital assets head states Lightning Network needs major progress in scaling to compete in payments, while stablecoins have already achieved huge success in expanding beyond crypto trading into retail remittances and corporate payments.

Coinbase announces November 20, 2025 listing of BOB token for spot trading, an EVM rollup stack that enables developers to build decentralized applications on top of Lightning Network, Ordinals, and Nostr.

Square merchants accept Bitcoin via Lightning Network with zero fees through 2027, while Block maintains 8,692 BTC ($858M) treasury.

Cash App adds support for Bitcoin payments over the Lightning Network and stablecoins.

The first Lightning-to-Ark Bitcoin payment is made during a flight, marking a technical milestone in cross-protocol Bitcoin transactions.

Square enables Bitcoin payments via Lightning Network for 4 million U.S. merchants nationwide, allowing BTC acceptance at checkout.

4M ago

On October 31, 2025, Steak 'n Shake establishes Bitcoin reserve as part of treasury strategy, funded by Lightning Network payments that generate 50% lower processing fees than credit cards and significant transaction volume across all U.S. locations.

Bitcoin rewards app Lolli acquires Slice to accelerate its Lightning Network adoption.

$36 billion SoFi becomes first US bank to launch Bitcoin remittance service on the Lightning Network.

Square enables merchants on Lightning Network to automatically convert up to 50% of daily sales into BTC holdings.

Lightspark announces Grid this week, enabling Bitcoin rewards functionality by solving previous Lightning Network technical limitations including inbound channel issues.

BULL Wallet launches worldwide on iOS and Android with self-custodial Lightning Network support, featuring non-custodial atomic swaps across Bitcoin, Lightning, and Liquid Networks plus Coldcard Q hardware wallet integration.

Tether released WDK supporting Bitcoin, USDT, XAUT, USAT, enabling AI agents to transact securely using the L402 protocol on February 11, autonomously purchasing API access with crypto.

Transaction volume grows 266% year-over-year while network capacity reaches 4,077 BTC. Square onboards 4 million merchants and Tether integrates USDT on the network.

Square processes first Bitcoin payment at U.S. coffee chain using Lightning Network with successful wallet testing, announces global rollout starting Nov 10 with zero merchant fees for year one.

6M ago

Network capacity drops 30-35% year-over-year to 3,850-3,870 BTC, signaling potential adoption challenges.

SoFi integrates Lightning Network for remittance services, expanding institutional adoption.

7M ago

Statechain custody model poses double-spend risks through potential operator collusion, requiring trust in operator honesty for fund security.

Major self-custodial wallet launches in US market, challenging custodial dominance on Spark platform.

8M ago

Custodial wallets control over 80% of transactions, with major providers bypassing the network through direct connections, undermining decentralization claims and creating significant custody risks.

Mobile Lightning node development advances with LDK integration into Breez, supporting direct LSP connections.

9M ago

New self-custodial yield service 'Rails' launches with Coincorner and Flux partnerships

Security vulnerability exposed as core developer loses 217 BTC through hot wallet compromise; custodial solutions dominate due to poor UX, limiting on-chain footprint and adoption.

Major exchange partnerships in progress alongside deployment target of 55,000 nodes and 100+ commercial partners by 2025.

BOLT 12 and BIP353 protocols emerge as standardized communication layers between different wallet systems and payment solutions, with Breez demonstrating practical implementation.

10M ago

Proposed Bitcoin soft fork combinations (CTV+CSFS+CAT+MUL) aim to improve network functionality and enable ZK rollups.

Channel partners pose significant security risks including two-week fund lockups and potential balance theft through hashrate manipulation.

Merchant adoption remains at 2-5% due to technical complexity, while alternative payment cryptocurrencies gain market share.

1Y ago

Released tapd v0.5 on Dec 20, adding support for stablecoins on Bitcoin and Lightning Network. litd v0.14 adds support for tapd with lnd enabling taproot assets channels.