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This chart shows the amount of BTC that's locked into the Lightning Network over time, one measure of adoption: https://embed.theblockcrypto.com/data/on-chain-metrics/bitco...

It hasn't grown much in the last year and a half. Personally I don't see Lightning Network winning the battle for high-bandwidth, low-cost transactions against all the other protocols.

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When the block size got blocked at 1MB from those looking to profit from moving transactions to layer 2 options... I switched over to Bitcoin Cash. If you try it out, it operates like Bitcoin has operated for years until the fee market started.

A few notes on that:

* This only shows public channels. Most wallet apps that people install on their phone, etc open private channels

* This shows capacity, it doesn't show throughput. I work at a company that accepts payments over lightning, and our volume has grown a lot over the past year, but our channel capacity really hasn't had to grow all that much (since we withdraw funds to layer 1 regularly)

Neat! Would you mind sharing the company you work for?

https://foldapp.com

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