Could it be as simple as River reallocating and capturing really low transaction fees since the mempool is emptying?
It appears so. You can closures on channels to multiple different node entities including bitfinex, Kraken, and Nicehash.
What's happening at @river?
IYKYK
Using LINER, our reference rate for costs and yield from the lightning network, we have never seen a month fall below 1% yield on a weighted average basis.
Every exchange will use lightning. It's just a matter of time.
https://amboss.space/node/03a1f3afd646d77bdaf545cceaf079bab6057eae52c6319b63b5803d0989d6a72f
Catch our in-depth discussion with @PrestonPysh about the #Bitcoin #Lightningnetwork as an alternative to traditional payments.
The data that we display answers many questions about the opportunity cost of traditional settlement methods when lightning provides a new paradigm.
Watch: youtu.be/FXnEHRd7jls
Listen: link.chtbl.com/BTC133
Transcript: buff.ly/3oRkJvn
❤️ Oh, stoppp ❤️
(but continue)
Amboss Unveils LINER Index for Enterprise Lightning Yield Benchmark ⚡️🌋🚀
Dives into the deep end of financial innovation with #LINER.
@BitcoinMagazine spotlights how we're making waves in the #Bitcoin #LightningNetwork universe.
https://bitcoinmagazine.com/business/amboss-unveils-liner-index-for-enterprise-lightning-adoption
There are now over 18,000 public nodes on the #Bitcoin #LightningNetwork
Amboss.space
If you're pulling in 26k in BTC revenue, that comparatively small expense enables your business.
Without diving into the specifics of this user, most magma orders are 1 month duration.
Many users tend to leave channels open after their maturation if they have spare capital, so the 1 month is a minimum.
🥰🌋⚡
Some quick math for you: that's about 1.1% fees instead of 3% with traditional payment methods!
Anytime! We charge for access to the data we collect for those wanting to access historical records, which are valuable for determining trends etc.
Under our policy, we could offer optional KYC, but we decided that this sets a bad precedent for how lightning should (inevitably, in our estimation) be regulated.