Welcome to the 6th issue of Stack Sats. There were a ton of new Bitcoin and Lightning announcements this week with two major Bitcoin conferences happening at the same time in Amsterdam & Atlanta.
Lightning Network Metrics
Public Capacity: 5,015 BTC (+50 BTC)
Channels: 86,477 (+50)
Nodes: 17,874 (+20)
Lightning Product Updates
- River routed over 600 BTC through their nodes in September, which came from 115,648 Lightning transactions and a 98.7% payment success rate. They earned almost 40 million sats of routing fees along the way.
- Fold has paid over 22 billion sats ($4.4 million USD) out to its users as rewards since the product was launched. Each day they are paying out roughly 0.25 BTC.
- Danny Diekroeger announced Blend, which aims to be a P2P borrowing and lending protocol built on Nostr.
- Tony Giorgio announced LNSploit, a tool for exploiting and testing the Lightning Network built using LDK.
- Jam launched a new landing page for their JoinMarket interface that allows anyone to earn sats for providing liquidity to other market participants.
- ZEBEDEE launched NBD (No Big Deal), a collection of open source Bitcoin & Lightning projects.
- Steven Ellis shipped the first version of the Tao Wallet web app, announced by Danny Diekroeger a couple weeks earlier.
Recommended Reading
- River released an incredibly detailed Lightning report titled “Insights from the 4th Largest Lightning Network Node”. If you’re an aspiring Lightning node operator, take some time this weekend and give this report a read.
- The Bank of Canada wrote a great report highlighting that Bitcoin ownership in Canada has grown from 5% of Canadians holding Bitcoin in 2020 to over 13% in 2021.
Podcast Episodes
Podcasts Clips
- Why is Arcade City Building on the Lightning Network? | E63
- Can Arcade City Disrupt Uber & Lyft? | E63
- The Transition From Easy Money To Hard Money | E64
- The Development of Bitcoin’s Risk Curve | E64
Stack Sats
- This week I added a handful of new community guides to Stack Sats.
- I’m still working on a guide explaining how to stack sats on LNCal and Mash.
- I added two new platforms that anyone can use to stack sats: