Total Value on Bitcoin’s Lightning Network Sets Another Record

Bitcoin’s Lightning Network set a record high Monday as total capacity held in the protocol’s payment channels – sometimes referred to as “total value locked” (TVL) – reached $12.4 million.

• Two weeks ago, Lightning set the prior high of $12.37 million, surpassing the long-standing previous mark of $12.3 million that was reached in early July 2019 and lasted for 405 days.

• Bitcoin’s price appreciation has certainly helped boost Lightning’s TVL as the bellwether cryptocurrency has gained more than 30% since July

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