Lightning Network adoption rises 226% in a year, surpassing 72k open payment channels

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The Bitcoin Lightning Network is up 226% from the stable baseline of 32,000 channels established throughout 2019-20 and is now at an all-time high with over 72,380 open payment channels, according to the latest data from on-chain analytics platform Glassnode.

Indeed, the data published by Glassnode on September 24 shows that channels open have increased by 226% in 12 months.

It is most likely due to El Salvador’s adoption of Bitcoin as legal currency, with the Lightning Network playing a significant role in the onboarding process, that the network has seen such rapid growth over the past three months.

CEO of MicroStrategy, Michael Saylor, recently stated on Twitter that “Bitcoin on Lightning is the future of global payments.”

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