Welcome to the 9th issue of Stack Sats. A LND bug earlier this week led to syncing issues for node operators, and a significant drop in the number of visible nodes and channels on the Lightning Network. Some node operators experienced force-closures of their channels, but it is unclear what percentage of the decrease in nodes and channels can be attributed to this bug.
Lightning Network Metrics
Public Capacity: 5,137 BTC (-27 BTC)
Channels: 78,148 (-1,867)
Nodes: 16,448 (-727)
Lightning Podcasts: 10,246
Lightning Product Updates
- Cash App sold $1.76 billion of Bitcoin to their customers in Q3 2022.
- Robosats had a record-high 14.44 BTC traded on their Lightning-native, P2P Bitcoin exchange in October.
- Chivo is now the top Finance app in El Salvador, and has become a top 20 overall app in the country.
- Amboss has deployed over 50 BTC of liquidity through their Magma marketplace.
- Wallet of Satoshi processed 337,000 Lightning payments in October, and is quickly approaching 5 million Lightning payments since inception.
- Pick N Pay, a South African grocery store chain, has enabled Lightning payments at 37 of their stores across the country.
- Danny Diekroeger’s Deezy node routed 410 BTC of Lightning payments in October.
- Zero Fee Routing’s node routed 376 BTC of Lightning payments in September.
LND Node Sync Bug
- This was the Bitcoin transaction that caused the widespread LND issue this week
- This was the Stacker News discussion on the event as it unfolded
- This was the tweet from Lightning Labs highlighting the LND node sync issue and announcing a fix with the release of LND 0.15.4
Podcast Episodes
- Sam Wouters on Insights from River's Lightning Nodes, RLS, and the Future of LN Payments | E77
- Marco Argentieri on Building Fuji Money Using the Lightning Network & Liquid Sidechain | E78
Podcasts Clips
- How Will Creators Monetize Their Business on the Lightning Network? | E67
- Lightning Payments & Incentivized Advertising | E67
Stack Sats
.png)