Bitcoin Lightning Network

Despite a drowsy summer for the crypto community, the Bitcoin Lightning Network has grown significantly as various platforms are starting to use the technology.

According to a report by Arcane Research, the network has grown by up to 70% in less than 6 months, and is currently at 1,806 BTC.

This surge may be due to various platforms and companies that are starting to embrace the network for payments. Recently, a Las Vegas strip club named Crazy Horse 3 revealed that it has started accepting Bitcoin payments through the said network. This will occur through OpenNode, a Bitcoin payment processing service provider.

Meanwhile, the cryptocurrency market remains in bear territory. Major cryptocurrencies are down, including Bitcoin, which is trading at $31,704.84 at the time of writing. Ethereum also dipped, and is currently at $1,908.50.

On the other hand, other altcoins recently surged such as the Axie Infinity (AXS) token, and is worth $26.07 per piece at the time of writing. 

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