LIGHT (Bitlight) increased by 39.99% in the past 24 hours

Gate News Bot Message, December 12th, according to CoinMarketCap data, at the time of press, LIGHT (Bitlight) is priced at $1.17, up 39.99% in the past 24 hours, with a high of $1.29 and a low of $0.57. The current market cap is approximately $50.3 million, an increase of $14.4 million compared to yesterday.

Bitlight Labs is dedicated to making Bitcoin smarter, catalyzing the potential of the Bitcoin Lightning Network ecosystem, and promoting the development of the RGB-Lightning field. The company has established infrastructure for the Lightning Network and RGB protocol within the trading center, advancing the evolution of the Lightning Network and Bitcoin ecosystem, and developing a full suite of solutions from BitcoinFi to Lightning applications.

As a member of the LNP/BP Association and a major contributor to the RGB protocol, Bitlight Labs is committed to pioneering native BitcoinFi by developing infrastructure for native smart contracts on Bitcoin and the Lightning Network. Additionally, as a key contributor to the Lightning Network, it is developing RGB Lightning Network nodes (RLN) based on LDK to enable efficient, low-cost asset trading and transfers on Bitcoin.

Furthermore, Bitlight Labs has developed a Bitcoin and stablecoin payment framework and applications based on RLN. The Lightning Network stablecoins defined by RGB will transform the efficiency of cross-border payments and AI agent settlements, realizing the sixth-generation payment vision with truly real-time settlement.

Important recent news about LIGHT:

1️⃣ Enhanced Lightning Network Infrastructure Boosts Ecosystem Recognition As a key contributor to the Lightning Network, Bitlight Labs’ RGB Lightning Network nodes (RLN) now enable efficient, low-cost asset trading and transfers. The company’s technological position and infrastructure contributions within the Bitcoin ecosystem enhance the project’s token ecosystem recognition, supporting market confidence. The increase from a 31.03% rise on December 11th to 39.99% on December 12th reflects ongoing investor recognition of the project’s technical strength.

2️⃣ Mainnet Launch Expectation Sparks Optimism for Commercialization Bitlight Labs plans to launch the mainnet version of a Bitcoin wallet integrating RGB and Lightning Network in 2025, offering an integrated experience while maintaining security. The anticipation of the mainnet launch may boost market optimism regarding project commercialization, serving as a key factor behind recent price increases, with market cap rising from $36.6 million yesterday to $50.3 million.

3️⃣ Expansion of Cross-Border Payments and AI Settlement Application Space The RGB Lightning Network stablecoins developed by Bitlight Labs are positioned as critical infrastructure to revolutionize the efficiency of cross-border payments and AI agent settlements. As cross-border payment and AI application scenarios expand, potential applications of the project may trigger reevaluation of long-term value, providing upward momentum for the token price.

This message does not constitute investment advice. Investors should be aware of market volatility risks.