The capacity of Bitcoin’s micropayment network Lightning Network has reached peak levels in both cryptocurrency and dollar terms.
On June 24, the number topped out at 5,620 BTC (which is equivalent to about $172 million). In the past year, both this number and its fiat equivalent have increased by 42% and 105%, respectively.
The earlier peak was marked on April 18, with 5,620 BTC being the high. Since the start of the year, a few major industry players have stepped up and declared their implementation of the protocol.
Lightspark, a startup by David Marcus, has launched a platform to connect businesses to LN.
Cryptocurrency financial service provider Xapo has also integrated the system, and Coinbase’s Brian Armstrong has given the green light for the largest US exchange to do the same.
Block, Jack Dorsey’s subsidiary, announced the establishment of its own LN ecosystem development arm, c=.
Analytical software provider MicroStrategy has likewise introduced a service that can be used to reward customers or employees.
