LQWD Reports Sharp Increase in Lightning Network Routing Volume

LQWD Technologies Corp. (TSXV:LQWD)(OTC:LQWDF) has reported significant growth in its Lightning Network routing volume. Total transactions have surpassed 775,000, with over 730 Bitcoin routed since November 2021. The company's infrastructure achieved a new monthly high in August 2024, handling 92,124 transactions, a 61% increase over the prior 90-day monthly average.

This rise is due to strategic channel openings and new automated rebalancing tools that optimize liquidity across LQWD's network. The company now has over 1,100 connected channels. Notably, the Canadian node ranks among the best-performing in the network, with notable growth in France, Brazil, Sweden, Italy, Singapore, and Japan.

LQWD's revenue is generated through routing and liquidity fees paid in Bitcoin (Satoshi's). The company aims to expand its market share and enhance its services in anticipation of continued network growth.