Fidelity Digital Assets' report highlights substantial growth in the Lightning Network, revealing a 2,767% increase in Lightning capacity since 2020. In 2024, more businesses are integrating Lightning, showcasing a shift in usage patterns. Notably, users on Nostr, a major Bitcoin platform, have executed over 3.6 million transactions in just six months, signaling rising consumer engagement with Bitcoin as a payment method. Nevertheless, the report cautions that the prevalent 'HODL' mentality may be hindering broader adoption, thus impacting Bitcoin's potential as a medium of exchange moving forward into 2025.
Lightning payments are gaining traction on Nostr, with over 3.6 million zaps sent in the last six months, demonstrating significant growth in user engagement.
Projects like ARK illustrate that Lightning has use cases beyond peer-to-peer channels, allowing for broader application of virtual UTXOs among larger user groups.
The 'HODL' mentality is slowing Lightning adoption; if Bitcoin enthusiasts don't spend their bitcoin, it may hinder Lightning's growth and Bitcoin's value proposition.
With a 2,767% increase in Lightning capacity since 2020, 2025 could be a defining year for Lightning as more businesses adopt this technology.
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