Quick Take
- The emergence of Inscriptions has resulted in elevated fees for Bitcoin and has put further strain on layer two adoptions due to cheaper transaction fees such as lightning.
- CryptoSlate did a research article on the importance of the Bitcoin lightning network.
- What is being seen on-chain is the fact that lightning nodes have grown by over 2,500 in the past week, the biggest growth the network has seen.
- Almost 18,000 lightning nodes on the network, an all-time high, shows adoption is happening but needs to continue.
- Currently, 5,470 locked Bitcoin in the lightning network capacity — which is also roughly at all-time highs.
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