The node count for Bitcoin’s leading layer-two solution, the Lightning Network (LN), has spiked to record levels following a surge of adoption.
According to on-chain analytics provider Glassnode’s Sept. 27 Week on-Chain report, the number of Lightning Network nodes increased by 160% during September to tag a record high of 15,600. At the end of August, just 6,000 LN nodes were live.
The number of channels, or connections between different nodes, on the LN has also hit a peak of 73,000 representing an average of 4.6 channels per node, the report added. Bitcoinvisuals is currently reporting an average of 9.3 channels per node as of Sept. 26.
“This is around double the number of channels that were live through the period from 2019-20, with most of this growth occurring since May 2021.”
