LIGHT (Bitlight) fell 5.22% in the last 24 hours.

Gate News Bot news, on October 11, according to CoinMarketCap data, as of the time of writing, LIGHT (Bitlight) is currently priced at $0.87, having fallen by 5.22% in the last 24 hours, with a high of $1.02 and a low of $0.79. The current market capitalization is approximately $37.33 million, a decrease of about $2.0561 million compared to yesterday.

BitlightLabs is dedicated to unleashing the potential of the Bitcoin Lightning Network ecosystem and promoting the development and widespread application of RGB-Lightning. As a member of the LNP/BP Association and a major contributor to the RGB protocol, BitlightLabs is committed to pioneering native BitcoinFi by developing the native smart contract infrastructure for Bitcoin and the Lightning Network. Based on LDK, the company is developing the RGB Lightning Network node RLN to enable efficient and low-cost asset trading and transfers on Bitcoin. In addition, BitlightLabs has also developed a payment framework and applications for Bitcoin and stablecoins based on RLN, aiming to enhance the efficiency of cross-border payments and AI agent settlements through RGB-defined stablecoins in the Lightning Network.

Important recent news about LIGHT:

1️⃣ BitlightLabs Promotes Development in the RGB-Lightning Field BitlightLabs is actively promoting the development and widespread application of the RGB-Lightning field. As a member of the LNP/BP Association and a major contributor to the RGB protocol, the company is committed to pioneering native BitcoinFi by developing the native smart contract infrastructure for Bitcoin and the Lightning Network. This ongoing technological innovation and ecosystem building may enhance the long-term value and market appeal of the LIGHT project.

2️⃣ Bitlight Wallet integrates RGB and Lightning Network features Bitlight Wallet developed by BitlightLabs is the first Bitcoin wallet that integrates RGB and the Lightning Network, offering high security. This innovative wallet solution may attract more users to join the LIGHT ecosystem, potentially increasing its market capitalization and usage.

3️⃣ RLN node development promotes the trading efficiency of Bitcoin assets Based on LDK, BitlightLabs is developing the RGB Lightning Network node RLN, aimed at achieving efficient and low-cost asset trading and transfer on Bitcoin. This technological advancement could significantly enhance the performance and user experience of the LIGHT network, creating an advantage in the highly competitive cryptocurrency market.

From a technical perspective, the price of LIGHT has experienced significant fluctuations recently. On September 9, there was an increase of 8.32%, reaching a high of $1.15, but it was followed by a correction. The current price drop may be a market correction of the previous gains. Fundamentally, LIGHT continues to delve deeply into the Bitcoin Lightning Network and the RGB protocol, and the expansion of its ecosystem and technological innovations remain important factors supporting long-term development.

This message is not intended as investment advice, and investors should be aware of market volatility risks.