Why It Doesn’t Make Sense to Compare Lightning to DeFi

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Why It Doesn’t Make Sense to Compare Lightning to DeFi

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Ryan Gentry, business development lead at Lightning Labs, discusses the latest updates on the Lightning Network, the layer 2 solution for Bitcoin. Highlights:

how Lightning Network is bringing Bitcoin to the masses through partnerships with Twitter, Substack, and Paxful
what the significance of El Salvador adopting Bitcoin means for the Lightning Network
how many nodes are running Lightning Network nodes
why the capacity on the Lightning Network has grown rapidly
how Ryan has seen interest in Lightning has changed since the El Salvador announcement earlier this year
what stage of adoption Ryan thinks the Lightning Network is
why Lightning Network total-value-locked should not be compared to Ethereum L2s or other DeFi protocols
how Lightning Network differs from DeFi
what metric Ryan believes is the best way to measure adoption on Lightning Network
how El Salvador has changed the types of transactions being made on Lightning Network
what’s next for Lightning Network and how Lightning micropayments could affect how podcasts (like Unchained!) are distributed

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

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Episode Links

Ryan Gentry

Twitter: https://twitter.com/ryanthegentry

The Summer of Lightning: Reaching the Tipping Point

https://lightninglabs.substack.com/p/the-summer-of-lightning-reaching

Lightning Labs

Twitter: https://twitter.com/lightning
Website: https://lightning.engineering/

Lightning Enabled Tips

Twitter:
- https://blog.twitter.com/en_us/topics/product/2021/bringing-tips-to-everyone
Substack:
- https://decrypt.co/79215/substack-accept-bitcoin-payments-lightning-network

Paxful Integration

https://bitcoinmagazine.com/business/paxful-integrates-bitcoin-lightning-network

Arcane Research Paper

Paper:
- https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf
Tweet thread:
- https://twitter.com/ArcaneResearch/status/1445749299703205894

Lightning Network stats

https://studio.glassnode.com/metrics?a=BTC&c=native&category=Lightning&chartStyle=column&contractExpiration=1640908800&ema=0&m=lightning.NetworkCapacitySum&mAvg=0&mMedian=0&resolution=24h&zoom=all
https://1ml.com/statistics

Lightning Network Resources