LIGHT (Bitlight) 24-hour pump 23.90%

Gate News Bot message, on October 21, according to CoinMarketCap data, as of the time of this report, LIGHT (Bitlight) is currently priced at $1.82, having risen 23.90% in the last 24 hours, with a high of $1.83 and a low of $0.78. The current market capitalization is approximately $78.2 million, an increase of $1.51 million compared to yesterday.

Bitlight Labs is dedicated to advancing the development and widespread application of the Bitcoin Lightning Network ecosystem. As a member of the LNP/BP Association and a major contributor to the RGB protocol, Bitlight Labs focuses on promoting native BitcoinFi by developing the native smart contract infrastructure for Bitcoin and the Lightning Network. The company is also an important contributor to the Lightning Network, currently developing the RGB Lightning Network node (RLN) based on LDK to enable efficient and low-cost asset trading and transfers on Bitcoin. Additionally, Bitlight Labs has 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 the stablecoins defined by RGB.

Important news about LIGHT recently:

1️⃣ Continuously promote RGB-Lightning technology innovation Bitlight Labs is actively developing the native smart contract infrastructure for Bitcoin and the Lightning Network, committed to pioneering native BitcoinFi. This ongoing technological innovation and ecosystem development enhance the long-term value and market appeal of the LIGHT project, driving its leading position in the Bitcoin Lightning Network and RGB protocol fields.

2️⃣ RGB Lightning Network Node RLN Development Progress The RGB Lightning Network node RLN developed based on LDK aims to achieve efficient and low-cost asset trading and transfer on Bitcoin. This technological advancement significantly enhances the performance and user experience of the LIGHT network, creating an advantage in the highly competitive cryptocurrency market and attracting more developers and users to participate.

3️⃣ Cross-border payment and AI agent settlement efficiency improvement Bitlight Labs has developed a Bitcoin and stablecoin payment framework and application based on RLN, enhancing the efficiency of cross-border payments and AI agent settlements through stablecoins defined by RGB. This innovation has attracted more institutional and individual users to adopt the LIGHT ecosystem, expanding its market share and practical application scenarios.

From a technical perspective, the price of LIGHT has been strong recently, maintaining a rising trend for several consecutive days. Between October 16 and 21, the price of LIGHT rose from $1.01 to $1.82, an increase of 80%. This sustained upward trend reflects the market's positive response to LIGHT's continuous technological innovation and ecosystem expansion. On the fundamental side, LIGHT's deep development in the Bitcoin Lightning Network and RGB protocol, as well as its efforts to improve cross-border payment efficiency, have laid a solid foundation for its long-term development, becoming an important factor supporting the recent price rise.

This message does not constitute investment advice, and investors should be aware of market volatility risks.