On-chain fees are a function of transaction size and congestion. Lightning fees are a combination of baseline and percentage of value.
So for small amounts, Lightning is cheaper. As the amount gets larger, there’s an inflection point at which on-chain is cheaper. Your transaction crossed the line.
Great answer 🙏
I set up Mutiny wallet today. Did a transaction of the same size. Cost me 11 sats for the fee.
I also have been doing this for months with Phoenix, and the fees jumped up big time. I've already closed my Phoenix wallet and switched to using Mutiny. In my testing today fees were incredibly lower, over 6000 sats in Phoenix vs 11 sats in Mutiny, for a similar lightning to lightning send.
The difficulty I've been having with mutiny is the lower my balance gets the more "failed to route" errors I get. It was a struggle to get my balance under 1000 sats and I still can't send any payment out with my balance at 643 sats. And I had to keep lowering the outgoing payments until I reached this standstill.
That’s a weird one. I had a similar issue with BlueWallet before they shut their custodial lightning down
