In a groundbreaking move, Secure Digital Markets (SDM) completed a $1 million payment to Kraken via the Lightning Network, marking the largest reported Lightning transaction. Cleared in 0.43 seconds, the transfer showcased Voltage’s efficient infrastructure for seven-figure transfers between regulated entities. Lightning metrics are growing, with public channel capacity hitting an all-time high of over 5,600 BTC. Despite small relative capital, Lightning sees increased usage for institutional payments, with Bitfinex lifting deposit limits. Fidelity and Blockstream highlight Lightning’s potential for financial institutions, emphasizing its transformative utility and investment case. Blockstream introduces Core Lightning releases for latency reduction and enterprise-focused deployments.

Read more at Cointelegraph: $1M Lightning Payment Tests Bitcoin’s Institutional Rails