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Fidelity Research Report: Lightning Network Develops or Enhances Bitcoin Investment Value

Fidelity Digital Assets and Lightning Network payment service Voltage jointly released a research report that the development of Lightning Network will enhance the value of Bitcoin as an investment target. The data shows that the average capacity of Lightning Network has increased by 384% since 2020, and it currently holds about 5,358.50 BTC, which is about $509 million at the current price of $95,000. The data does not include private and unannounced payment channels. The report highlights that 2024 is a milestone year for the development of the Lightning Network, and major exchanges such as Coinbase, Bitfinex, OKX, Kraken, and Binance have completed the connection one after another. The network is showing several signs of maturity: early inefficient payment channels are gradually closed, replaced by larger and more optimized channels; optimized node transaction fees can reach a minimum of 0%, and payment completion time is less than 0.5 seconds; the network is moving towards larger and more connected nodes. In addition, Tether plans to connect USDT to Bitcoin Layer 2, which according to the Solv Protocol co-founder, will increase the transaction volume of the Lightning Network by 1,197%.