LQWD Hits 1M Lightning Network Transactions

Lightning Network infrastructure provider LQWD Technologies Corp. announced a major milestone this month. The company officially facilitated +1M transactions via its LN channels. The news represents the growing capabilities of the ecosystem and its continued adoption. Here's what you need to know.

LQWD Shows Real Growth

According to company documents, the 1M transactions represent 857 Bitcoin successfully transferred. Notably, many of these transactions occurred this year with 643,000 transactions,  taking place between January 1, 2024, to October 31, 2024. Comparingly, the company's channel only handled 112,900 transactions during the same months in 2023. Notably, these transactions occurred over several supported channels with the LQWD LN channel currently ranked #6 in terms of activity. 

LQWD a Strong Strategy

Discussing the accomplishment, the CEO of LQWD Technologies, Shone Anstey, spoke on how it falls in line with the company's greater strategy to bring LN transactions to the world and support the expansion and adoption of Bitcoin.

Notably, LQWD uses its own Bitcoin to fund its channels. Currently, the company has no debt and has a reserve of 141 Bitcoin. These coins are used to support channels and drive the development of new features. This strategy ensures the company stays solvent. 

Features that Make a Difference

LQWD introduces unique services that make its channel better suited for certain users. For example, the company integrates an AI rebalancing channel. This channel takes away the confusion in terms of topping up channels. Additionally, it optimizes the nodes to improve high-frequency hops and lower fees.

Source – LQWD

Additionally, the channel has very low fees and can scale to millions of transactions per second. Notably, LQWD has spent a lot of time ensuring their channel features enterprise-grade security and low costs. Also, its multi-channel revenue streams are designed to meet the community's growing infrastructure needs.

They provide the firm with a scalable revenue model that allows anyone to save. The LQWD community is on the rise and new users continue to flock to this protocol to save funding and enhance performance. As more platforms enter the ecosystem, LQWD will serve a vital role. 

Lightning Network Ecosystem Spans the Globe

The Lightning Network has found a home across the crypto market. From GameFi to reducing withdrawal fees on CEXs (Central Exchanges), the project continues to help the average Bitcoiner get the most out of their efforts. 

Number Don't Lie

LQWD is a Canadian firm that's ranked as the sixth-largest node worldwide. The company continues to see more users turn to its channels for low-cost Bitcoin transactions. Now the firm seeks to expand its footprint and introduce additional features to entice new customers. For example, the company now offers liquidity on-demand services to users. 

LQWD Technologies Corp. 

LQWD is a Canadian-based Lightning Network development firm. The company secured a reputation as one of the most stable and active service providers in the LN ecosystem. Today it is recognized as a pioneering force that continues to drive adoption globally. These reasons and many more have made LQWD a company to watch in 2025