I added a new section to River (npub1xke…d0en)'s Lightning report on how much space the Lightning Network⚡️takes up on the #Bitcoin blockchain, and how many Lightning payments have been made with that space.
Key findings:
- Lightning's on-chain footprint was ~0.08% of all on-chain transactions in the past 7 years, or about 617k transactions.
- The average on-chain transaction has historically facilitated at least 50-53 routed Lightning payments, which can increase significantly. (168 in Aug 2023)
- In August 2023, Lightning increased Bitcoin's transaction throughput by at least 47.2% with just 0.06% of all on-chain transactions in that month.
I go deeper into the stats in a video on Twitter https://twitter.com/SDWouters/status/1760680060573675757 and what they mean in practice. These findings don't change Lightning's challenges or Bitcoin's UTXO challenges, but they may give some insights to developers.
You can find the full report below, the new part is on P29. https://river.com/learn/files/river-lightning-report-2023.pdf
sam / Sam Wouters
npub1vw…wr934
2024-02-22 16:03:33
Author Public Key
npub1vwlazqm4rearynuef92ccxw5jwa6kgkupztxvz3lklj9ehqv9xpq8wr934Published at
2024-02-22 16:03:33Event JSON
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"content": "I added a new section to nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en's Lightning report on how much space the Lightning Network⚡️takes up on the #Bitcoin blockchain, and how many Lightning payments have been made with that space.\n\nKey findings:\n- Lightning's on-chain footprint was ~0.08% of all on-chain transactions in the past 7 years, or about 617k transactions.\n- The average on-chain transaction has historically facilitated at least 50-53 routed Lightning payments, which can increase significantly. (168 in Aug 2023)\n- In August 2023, Lightning increased Bitcoin's transaction throughput by at least 47.2% with just 0.06% of all on-chain transactions in that month.\n\nI go deeper into the stats in a video on Twitter https://twitter.com/SDWouters/status/1760680060573675757 and what they mean in practice. These findings don't change Lightning's challenges or Bitcoin's UTXO challenges, but they may give some insights to developers.\n\nYou can find the full report below, the new part is on P29. https://river.com/learn/files/river-lightning-report-2023.pdf",
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