Fidelity Research Report: The Development of the Lightning Network May Strengthen Bitcoin's Investment Value
ChainCatcher news, according to The Block, Fidelity Digital Assets and the Lightning Network payment service provider Voltage jointly released a research report indicating that the development of the Lightning Network will enhance the value of Bitcoin as an investment asset.Data shows that since 2020, the average capacity of the Lightning Network has grown by 384%, currently holding approximately 5,358.50 BTC, which is about 509 million dollars at the current price of 95,000 dollars per coin, and this data does not include private and undisclosed payment channels.The report emphasizes that 2024 is a milestone year for the development of the Lightning Network, with mainstream exchanges such as Coinbase, Bitfinex, OKX, Kraken, and Binance completing their integrations in succession. The network is showing several signs of maturity: early inefficient payment channels are gradually being closed, replaced by larger-scale and more optimized channels; optimized node transaction fees can be as low as 0%, with payment completion times of less than 0.5 seconds; the network is evolving towards larger-scale and more interconnected nodes.In addition, Tether plans to integrate USDT into Bitcoin Layer 2, and according to the co-founder of Solv Protocol, this will lead to a 1197% increase in Lightning Network transaction volume.