Lightning Network (Nodes, Channels) Observer

[tranthidung]

Data source

• https://bitcoinvisuals.com/ln-nodes
• https://bitcoinvisuals.com/ln-channels

General

Methodology

• From original data, I calculate the Min and Max values for each variable: Nodes, Unique Channels, Duplicate Channels, and Total Channels
• Next, I calculate difference (%) between two consecutive months.
• Make plots

Nodes

Channels

Generally, Lightning Network has good growth since 2020 and basically it has a solid upward growth. Price can be ups or downs but Bitcoin hashrate increases as well as the Lightning Network adoption.

After significance early adoption, it decreases in 2019 and is stagnant for months but since June 2020, the growth is very dramatically.

[tranthidung]

Screenshots of tables for Nodes and Channels (Unique, Duplicate, Total).

• From given data, I calculated Min and Max stats of each month, then difference (%) between two consecutive months. Lastly I make plots in OP.
• Two facts (you can see it on bar charts or tables)
  
  • In 2021, Green dominates the table.
  • Growth of channels tend to be better (bigger) than growth of nodes

Nodes




Channels