There's an interesting situation here. In this scenario, the more liquidity you have, the greater the earnings because you have to take on-chain #Bitcoin and use it to open new channels on Binance. After a short time, a flow of liquidity from other nodes heads into these channels, as I mentioned earlier; it's either private channels or the Boltz service leading the way. This way, liquidity gets pushed into the #Binance and #OKX exchanges, while lower-quality liquidity, like that from private channels, flows in.

Of course, you can write scripts that will close such private channels because it's unlikely the flow will go the other way. The freed-up liquidity can then be used on-chain again to open channels on these two exchanges, again and again. However, if you don't close the channels that injected liquidity to send on to these two exchanges, you'll need to add more on-chain Bitcoin to your nodes and open channels again.

You also need to keep in mind that Binance has #whitelist nodes by default that are allowed to open channels with them. At one point, they added a couple of my nodes, so I can open a channel with them. However, most nodes don’t have the ability to open a channel on Binance, so they have to connect to intermediaries like me and open channels with me to send payments to Binance.

Everything mentioned above is indeed the main reason for the increased volume over the past day and such high earnings on fees.

#LightningNetwork #LN #fees