Why It Doesn’t Make Sense to Compare Lightning to DeFi

October 8, 2021by Laura Shin

Ryan Gentry, business development lead at Lightning Labs, discusses the latest updates on the Lightning Network, the layer 2 solution for Bitcoin. Highlights:

• how Lightning Network is bringing Bitcoin to the masses through partnerships with Twitter, Substack, and Paxful
• what the significance of El Salvador adopting Bitcoin means for the Lightning Network
• how many nodes are running Lightning Network nodes
• why the capacity on the Lightning Network has grown rapidly
• how Ryan has seen interest in Lightning has changed since the El Salvador announcement earlier this year
• what stage of adoption Ryan thinks the Lightning Network is
• why Lightning Network total-value-locked should not be compared to Ethereum L2s or other DeFi protocols 
• how Lightning Network differs from DeFi
• what metric Ryan believes is the best way to measure adoption on Lightning Network
• how El Salvador has changed the types of transactions being made on Lightning Network
• what’s next for Lightning Network and how Lightning micropayments could affect how podcasts (like Unchained!) are distributed

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021        

Nodle: https://bit.ly/3AXGydJ  

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Episode Links

Ryan Gentry

The Summer of Lightning: Reaching the Tipping Point

Lightning Labs

Lightning Enabled Tips

• Twitter:
• Substack:

Paxful Integration

Arcane Research Paper

• Paper:
• Tweet thread:

Lightning Network stats

Lightning Network Resources

Preston Pysh episode with BTC Sessions