The Lightning Network has recorded its fastest 100 BTC capacity growth to date in only five days, with its capacity increasing by 20% to 1,821.29 BTC this month. In April, it reached the 10,000 node milestone, and it has since doubled to have over 22,000 nodes and 56,100 payment channels.
Square CEO Jack Dorsey has revealed in a Twitter thread that the firm is planning on creating a “new business” with the “goal of making it easy to create non-custodial, permissionless, and decentralised financial services.
The price of AXS has been exploding as the game they are used on is seeing its popularity skyrocket, partly because users in developing countries are seeing it as a reliable income source.
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Top stories in the Crypto Roundup today:
- Bitcoin’s Lightning Network Node Count Doubled in 3 Months
- Coin of the Week: Axie Infinity Shards (AXS)
- Square Creates New Division to Bring DeFi To Bitcoin
- Join our latest Virtual Event: Rising Tide: Challenges and Opportunities for Regulated Decentralized Finance
- Sponsored: Combating Climate Change Via Blockchain and Bio-Asset Management