https://i.nostr.build/87c3VyNNA6NvVWgl.jpg

I'll agree if you can fill in the velocity of lightning network 😏 (tbh my intuition is with you that this isn't great)

I don't understand...

Are Drivechains viable tech?

HODL ✊

This is what network efficiency looks like. 👍

Because everyone's hodling, and the ones spending are using Lightning.

Nothing is happening rn

Keeping an eye on hashrate

I wonder what is the reason for such a small transaction volume. It might be the current price and market being undecided where to go and lack of new retardinals. Anyway I think that latest 2-3 months fee levels were mainly caused by 1sat/vbyte bloating mempool since retardinals’ start and on top ...

Just furthers the evidence that bigger blocks aren’t needed.

Or, maybe it's the calm before the storm.

this is entirely OK. a medium cannot become wide adopted for payments before its much wider adopted for savings

i hear you but isn't it just a matter of time? this is the best money on the planet. i guess the silver lining is you can do some inexpensive UTXO management if needed

or more people are using L2s and hodling

adoption is about the number of holders and users. not tx numbers, and certainly not miner revenue.

Maybe transactions have just moved over more to LN?

lol