So the Lightning Network channels are declining while node count is up.
Does this mean the channel paths are calcifying around well worn routes? Any LN experts out there know what's causing this divergence?
https://void.cat/d/CjURoCagudMmfXUR6gHVSL.webp
The tend has been going on for a while otherwise I’d say it’s a reaction to the high on chain fees (opening new channels).
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Mempool has been super high. Lots of us have been holding out opening more channels due to this.
but the question is aboutdeclining, and closing channels is also an on chain operation.