Zoë Le Monnyer

[Bitcoin @Bitcoin]

Can the crypto voter, who has been getting royally screwed by the current administration, actually impact the outcome of the 2024 US Presidential election?

In swing states, perhaps. @realDonaldTrump @KamalaHarris @RobertKennedyJr

[Bitcoin @Bitcoin]

$67,835.33

[Tuur Demeester @TuurDemeester]

To be a Cypherpunk is to reclaim your natural individual rights (in this case, to right to privacy) via peaceful technological means.

[nvk 🌞 @nvk]

We need this Bitcoin Core feature https://t.co/8VHkEy0i4g

My motivation is helping people migrate wallets without consolidating UTXOs and without doxing with timing analysis.

It's very simple and useful.

@bitcoinoptech @HRF

[Bitcoin @Bitcoin]

#Bitcoin price back on the home page of @Google. Good job cyberhornets!

[Bitcoin @Bitcoin]

It is called Blowback, @SenWarren.

Perhaps you should have thought about it before you launched Operation Chokepoint 2.0 against an entire legal industry.

The cyberhornets have mutated into poisonous pterodactyls. This time around we are rich with millions of votes and pissed. You seriously threatened our money.

But you are correct; we want an ROI on our political investment.

[Caitlin Long 🔑⚡️🟠 @CaitlinLong_]

@hk_lilly I doubt federal bank regulators — who were doing @ewarren’s bidding (by killing all #crypto banks) — had any idea how fragile the banking system really was, and that their action to “suicide” Silvergate would trigger a bank run that wiped out ~1/3 of the FDIC’s insurance fund…

[Mario Nawfal @MarioNawfal]

🇺🇸 JOHN DEATON: WARREN IGNORED EPSTEIN'S VICTIMS TO FOCUS ON CRYPTO

"Sen. Warren questioned the CEO of JP Morgan Chase but failed to ask about their $290M settlement over Jeffrey Epstein's child trafficking.

Instead, she focused on crypto.

Why? Because it involves her donors, a former Democrat president, and people she knows.

You can’t claim to be a warrior for women if you selectively protect only some."

Source: CBS News, @JohnEDeaton1

[Zack Guzmán @zGuz]

@SenWarren In his rebuttal, @JohnEDeaton1 tried to make the point that he’s more pro-retail crypto investors than he is pro-crypto per se

The self custody argument, and calling out Warren’s gambit with Gensler to let banks custody crypto via SAB121 carve outs, was real inside baseball

[Adam Back @adam3us]

beep! bitcoin vol returns to life.

[Eugene Bulltime.🕯️ @Eugene_Bulltime]

How is the Lightning Network taking over the Bitcoin network without anyone noticing?

The amount of information available on the Bitcoin Lightning Network (LN), a L2 payment solution for Bitcoin, remains relatively limited. Designed to facilitate faster BTC payments, it operates off-chain through "channels" between pairs of addresses. Users can exchange BTC within these channels without recording each transaction on the Bitcoin network. When a user decides to close the channel, the final asset state is updated on the Bitcoin blockchain.

Despite its extended development period and the significant investment it attracted during the last bull market—$70 million by Lightning Labs and around $400 million for the wider ecosystem—the Lightning Network has shown limited visible progress to the broader community. Part of this perception is due to the lack of accessible and reliable metrics on the network’s growth. Currently, most available metrics provide only basic insights.

For instance, LN’s total value locked (TVL) is approximately $300 million. Over the past two years, the dollar-denominated TVL has tripled; however, in BTC terms, it has remained static around 5,000 BTC.

The number of active nodes has also remained flat, hovering around 20,000 for the past three years, while the total number of channels has dropped 33% from a peak of 87,000 in January 2022 to around 58,000.

Given these statistics, one might conclude that the network is either stagnant or in decline, as most analysts rely on these public indicators. However, important metrics, such as tx volumes, user activity, and node profitability, remain inaccessible due to LN's off-chain nature. To obtain a more accurate perspective, I reviewed a report by @River, a famous LN node provider, which offers insights up to August 2023.

According to River, the Lightning Network processes over 6.5 million transactions monthly, or roughly 210,000 transactions daily—more than zkSync or Starknet. In the past two years, transactions have increased by an astounding 1,200%, despite no airdrops or incentivized growth programs.

Monthly payment volume has also surged from $12 million to $78 million, with an average payment size of approximately $12.

Estimating the number of active users is challenging, as it requires aggregating data from LN providers and integrated crypto wallets. River’s research places monthly active users between 279,000 and 1.1 million, likely somewhere within this range.

These numbers are compelling, especially considering they exclude private, direct transactions between addresses. This data suggests that while LN may appear static from traditional metrics, it continues to grow and adapt behind the scenes.

Now let’s delve into some of the most current data from @LQWDTech, a professional Lightning Network (LN) operator. While this data doesn’t represent the full scope of LN activity—60% of LQwD’s nodes are based in Canada—it does offer insight into network dynamics.

From September 2023 to September 2024, the number of transactions handled by LQwD increased from 16,000 to 97,000, a remarkable 600% growth. Most of these transactions occur across Canada, France, and the western US. While this doesn’t necessarily imply that the entire LN has grown at this rate, it clearly shows LN’s increased role in Bitcoin payments.

This growth is partly due to major exchanges incorporating LN support:
- Binance, in July 2023
- Coinbase, in April 2024
Through these platforms, many users now have streamlined access to LN payment functionality.

LN is also making strides into Web2 territory, with companies like McDonald’s and Walmart already accepting LN payments. In El Salvador, where Bitcoin is legal tender, 73% of BTC transactions reportedly flow through the Lightning Network. https://t.co/uTo7rguyfW

Interestingly, LN pioneered the concept of using BTC in staking well before Babylon, and yet few are aware of its potential profitability. Providers currently see returns ranging from 2% to 6%, depending on node, channel, and liquidity management strategies. With transaction fees averaging around 0.1%, this offers an attractive yield for BTC holders, though it remains relatively under the radar.

Conclusion
The Lightning Network has grown organically around a clear use case for payments, without relying on additional tokens and incentivize programs. Its economic model is solid, with clear benefits for all participants.
Over the past three years—and especially in 2024—demand for LN has accelerated, with metrics climbing steadily. Based on various indicators, LN may very soon experience exponential growth.
This growth has been achieved quietly, reinforcing its role as a genuinely useful and effective solution for Bitcoin payments. One of the best usecases in crypto.

============================

If you liked the research, like and subscribe to @Eugene_Bulltime

Data source: @River @BitcoinVisuals @LQWDTech @ambosstech
Special thanks: @StroomNetwork team

And follow on strong visioners and analysts:
@0xBreadguy @alpha_pls @andyyy @stacy_muur @poopmandefi @thesaint_ @Slappjakke @0xSalazar @DefiIgnas @Defi_Warhol @TheDeFiKenshin @ViktorDefi @hmalviya9 @defi_mochi @llamaonthebrink @cyrilXBT @Mars_DeFi @Crypt0_Andrew @2lambro @563defi @DeFi_Cheetah

[Jameson Lopp @lopp]

Last night @SenWarren cast aspersions upon @DeatonforSenate that his crypto industry funders would want a return on their investment.

I'll tell you what ROI I expect.

I expect John to NOT attack our industry with regulation by enforcement.

I expect John NOT to coordinate the shutdown of crypto friendly banks.

I expect John NOT to continue Operation Choke Point 2.0.

All I want from John is NOTHING.

[Mediterranean Youth Climate Network @MYCNetworkk]

#MEDYouth #MYCN #Mediterranean #ClimateAction #Youth4Climate
Today, we are holding our 3rd GA during the Climate Week organized by @UfMSecretariat, a lot of work is awaiting us ☺️
@CliMates_intl @ItalianClimate @EcoPeaceME @aycmena @AycmLebanon

[Zoë Le Monnyer @ZMonnyer]

.@G_Peltier Merci d'avoir répondu à notre sollicitation sur les propositions de #LobbyingCitoyen. Allons plus loin ! 👉💪

[Zoë Le Monnyer @ZMonnyer]

Merci beaucoup @Jesberger pour cet échange téléphonique sur les propositions de #LobbyingCitoyen ! Hâte de vous rencontrer à Marseille pour en discuter, et peut-être avec @ALouisDeputee13 ?

[Zoë Le Monnyer @ZMonnyer]

.@ECiotti, vous n'êtes pas à votre bureau ? On vient d'essayer de vous joindre pour discuter des propositions de @CitoyenLobby, que vous avez reçues il y a 3 jours. Prêt pour en parler ? #LobbyingCitoyen #MaConstitEco

[Zoë Le Monnyer @ZMonnyer]

#LobbyingCitoyen
Chère @SamiaGhali, électrice et citoyenne marseillaise, je souhaite inscrire par votre intermédiaire les principes fondamentaux de la protection de l'#environnement dans la #Constitution ! À vous de jouer ! #MaConstitEco @ConstitEco

[Zoë Le Monnyer @ZMonnyer]

#LobbyingCitoyen #ChersDéputés
@michelamiel Électrice et citoyenne marseillaise, je souhaite inscrire par votre intermédiaire les principes fondamentaux de la protection de l'#environnement dans la #Constitution ! À vous de jouer ! #MaConstitEco @ConstitEco

[Zoë Le Monnyer @ZMonnyer]

#LobbyingCitoyen #ChersDéputés
@brunogilles13 Électrice et citoyenne marseillaise, je souhaite inscrire par votre intermédiaire les principes fondamentaux de la protection de l'#environnement dans la #Constitution ! À vous de jouer ! #MaConstitEco @ConstitEco

[Zoë Le Monnyer @ZMonnyer]

#LobbyingCitoyen #ChersDéputés
@Stephane_Ravier Électrice et citoyenne marseillaise, je souhaite inscrire par votre intermédiaire les principes fondamentaux de la protection de l'#environnement dans la #Constitution ! À vous de jouer ! #MaConstitEco @ConstitEco