Despite the year-long bear market, combined with the recent market crash called the “crypto winter,” the Bitcoin Lightning network has seen strong growth throughout 2018 and 2019.

The BTC Lightning Network, a second layer payment protocol that operates on top of the BITCOIN blockchain, aims to solve the problems with scalability by using payment channels — a secure, fast way to carry out transactions between a number of users without recording them on blockchain until the moment the channel is closed.

The number of channels that are connecting nodes for the first time has also grown visibly in the last few months, totaling up to 27,295 unique channels.

Currently, the LN sits at a capacity of 695.890 BTC capacity, holding an equivalent USD value of $2,525,100.96, the number of nodes on the network has increased by 18% in the past month with the network citing 6,321 nodes in total.

There are 3,300 channels are inactive from since of opening this comes as 50% but the capacity of bitcoin lightning network consistently increasing.

In Last 24 hour 666 new channels has been opened and median node capacity is 0.019 BTC ($70.02). All the statistics has been taken from 1MLdotCom website.