LIGHT (Bitlight) has pumped 28.73% in the last 24 hours.

Gate News Bot news, on October 24, according to CoinMarketCap data, as of the time of writing, LIGHT (Bitlight) is currently priced at 2.37 USD, with a rise of 28.73% in the last 24 hours, reaching a high of 2.53 USD and a low of 0.91 USD. The current market capitalization is approximately 102 million USD, an increase of 22.8 million USD compared to yesterday.

Bitlight Labs is committed to promoting the potential of the Bitcoin Lightning Network ecosystem. As a member of the LNP/BP Association and a major contributor to the RGB protocol, Bitlight Labs is dedicated to pioneering native BitcoinFi by developing the native smart contract infrastructure for Bitcoin and the Lightning Network. The company is developing the RGB Lightning Network node RLN based on LDK to facilitate efficient and low-cost asset trading and transfer on Bitcoin. In addition, Bitlight Labs 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 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, dedicated to pioneering native BitcoinFi. This ongoing technological innovation and ecosystem development enhance the long-term value and market attractiveness of the LIGHT project, driving its leadership position in the fields of Bitcoin Lightning Network and RGB protocol.

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 transactions and transfers on Bitcoin. This technological advancement significantly enhances the performance and user experience of the LIGHT network, creating advantages 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 payment framework and application for Bitcoin and stablecoins based on RLN, enhancing the efficiency of cross-border payments and AI agent settlements through RGB-defined lightning network stablecoins. This innovation has attracted more institutional and individual users to adopt the LIGHT ecosystem, expanding its market capitalization and practical application scenarios.

From a technical perspective, the price of LIGHT has shown strong performance recently, maintaining a continuous pump for several days. Between October 16 and 24, the price of LIGHT rose from 1.01 USD to 2.37 USD, with an increase of over 134%. This ongoing rise trend reflects the market's positive response to LIGHT's continued technological innovation and ecosystem expansion. Fundamentally, LIGHT's deep development in the Bitcoin Lightning Network and RGB protocol, as well as its efforts to enhance cross-border payment efficiency, have laid a solid foundation for its long-term growth, becoming an important factor supporting the recent continuous pump in price.

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