Welcome to the third issue of Stack Sats. This is a weekly letter highlighting Bitcoin and Lightning Network developments, as well as new tools you can use to start stacking sats.
Lightning Network Metrics
Public Capacity: 4,819 BTC (+31 BTC)
Channels: 86,466 (+14)
Nodes: 17,818 (+8)
Lightning Product Updates
- Fountain launched an improvement to their earnings, referrals, and comments system with their 0.4.9 update.
- Stacker News released Wild West mode and a negative feedback system that uses sats alongside the Stacker News Web of Trust to improve discourse on the site.
- THNDR Games released Club Bitcoin: Solitaire, a spin on the classic card game that allows anyone to stack sats for playing.
- LNProxy launched a trustless tool for improving pubkey privacy on Lightning
- BitGo unveiled their Custodial Lightning service to help customers integrate the Lightning network into their applications or services.
- Bolt.Fun announced their Legends of Lightning tournament with 3 BTC of prizes for makers to learn, connect, and build Bitcoin and lightning apps.
Other Lightning Network Metrics
Despite a Bitcoin bear market and a global recession, Lightning payment activity continues to reach new heights.
- LNMarkets routed a record 58 BTC ($1.2M USD) in the last month, coming from 25,000 different Lightning payments that their node helped process.
- Zero Fee Routing routed 15 BTC of payments in a single day last week.
- Deezy routed 13.5 BTC of payments in a single day last week.
- Cyberhub routed 50 BTC of payments in a recent 7 day span.
- Wallet of Satoshi has made 400,000+ Lightning payments in the last 45 days, approaching a run-rate of 10k transactions/day.
- 1,273 Stacker News users have earned more than 100 sats on the platform. Collectively, they’ve earned over 22,000,000 sats to date.
Recommended Reading
- Danny Diekroeger wrote a great guide for setting up a routing node to stack sats on the Lightning Network. Outside of his day job at Cash App, Danny runs Deezy, one of the largest Lightning nodes in the world.
- Nat Eliason wrote a great blog post about why he thinks the Lightning Network is so exciting.
Podcasts & Clips
- Ray Marceau on Building Purse, Integrating Lightning, and Focusing on Bitcoin
- My TikTok channel for short clips from past episodes
Stack Sats
- I wrote an in-depth guide explaining how to stack sats on Fountain
- This weekend I’m writing another detailed guide explaining how to stack sats on Vida
- I added four new tools that anyone can use to stack sats:
- VoltPay
- Club Bitcoin: Solitaire
- Purse
- Satsoverflow
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