LIGHT (Bitlight) up 31.03% in the past 24 hours

Gate News Bot Message, December 11th, according to CoinMarketCap data, as of press time, LIGHT (Bitlight) is priced at $0.85, up 31.03% in the past 24 hours, with a high of $1.47 and a low of $0.57. The 24-hour trading volume reached $34.8 million. The current market capitalization is approximately $36.6 million, an increase of $8.67 million compared to yesterday.

Bitlight Labs is dedicated to “making Bitcoin smarter,” a member of the LNP/BP Association, and a major contributor to the RGB protocol. The company leads the development of native smart contract infrastructure for Bitcoin and the Lightning Network, advancing the development of native BitcoinFi.

As a key contributor to the Lightning Network, Bitlight Labs developed the RGB Lightning Network node (RLN) based on LDK, enabling efficient and low-cost asset trading and transfers on Bitcoin. Additionally, the company has developed RLN-based Bitcoin and stablecoin payment frameworks and applications, promoting RGB-defined Lightning Network stablecoin applications, which will revolutionize cross-border payments and AI agent settlement efficiency, realizing the true real-time settlement vision of the sixth-generation payment.

Bitlight Labs has developed the first unified Bitcoin wallet that integrates RGB and Lightning Network, providing users with an all-in-one experience without compromising security. The company plans to launch the mainnet version in 2025.

Important Recent News about LIGHT:

1️⃣ Continuous Improvement of Lightning Network Infrastructure
Bitlight Labs, as a key contributor to the Lightning Network, has enabled efficient, low-cost asset trading and transfer functions through its RGB Lightning Network node (RLN). The company’s technical position and infrastructure contributions within the Bitcoin ecosystem enhance the project’s token ecosystem recognition and support market confidence.

2️⃣ Mainnet Launch Soon to Drive Market Expectations
The company plans to launch the mainnet version of its unified RGB and Lightning Network Bitcoin wallet in 2025, which will maintain security while offering an integrated user experience. The approaching mainnet launch may boost market optimism regarding the project’s commercialization, serving as an important support for recent price increases.

3️⃣ Prospects for Cross-Border Payments and AI Settlement Applications
Bitlight Labs’ RGB Lightning Network stablecoin application is positioned as a key infrastructure to revolutionize cross-border payments and AI agent settlement efficiency. As cross-border payment and AI application scenarios expand, the potential application scope of the project could lead to a reevaluation of its long-term value.

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