The Lightning Network has long been the best way to transfer bitcoins instantly and at no cost. However, the second layer network may well have a major competitor, namely Ethereum. 150% more BTC on Ethereum According to the latest data, there are around 150% more bitcoins in circulation on the Ethereum network than on the Lightning Network . In fact, the Ethereum network hosts 2,297 BTCs in the form of WBTC , a tokenized version of Bitcoin on Ethereum, or just over $ 20 million, according to data from DeFiPulse. Amount of WBTC involved in Ethereum. Source . For its part, the Lightning Network has a capacity of 928 BTC or about $ 8.1 million, as shown by the data from Bitcoinvisuals : Obviously, these data do not take into account the rate of use of the two solutions . Although there are more bitcoins involved in Ethereum, that doesn't necessarily imply that Ethereum is used more than the Lightning Network for BTC transfer . Where do all these
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