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Lightning Network is becoming more distributed but a single entity still holds 61% of the network’s capacity

by Larry Cermak

September 9, 2019, 7:00AM EDT  ·  4 min read

Quick Take

  • In less than two years, LN grew to 32,200 total channels, 4,800 nodes with active channels and the total capacity of $8.6 million
  • The number of channels, the average number of channels per node, and LN’s capacity has experienced a 20%+ decrease in the last 4 months
  • The largest single entity, LNBIG.com, holds 61% of LN’s capacity but the concentration of capacity amongst the top 10 nodes has been decreasing
  • In June 2018, 10 largest LN nodes had 53% of the network’s capacity, in January they had 38% and now it’s about 32%

by Larry Cermak

September 9, 2019, 7:00AM EDT  ·  4 min read

Lightning Network, Bitcoin’s second layer payment protocol, has seen significant growth in its short history. In less than 20 months since being live on mainnet, there are now 32,200 total channels, 4,800 nodes with active channels and the total capacity is $8.6 million.

The first Lightning implementation developed by Lightning Labs has launched in beta a year and a half ago in March 2018.