LIGHT (Bitlight) rose 28.06% in the last 24 hours.

Gate News Bot message, on October 20, according to CoinMarketCap data, as of the time of writing, LIGHT (Bitlight) is currently priced at $1.44, having pumped 28.06% in the last 24 hours, reaching a high of $1.58 and a low of $0.78. The current market capitalization is approximately $62.1 million, an increase of $1.36 million compared to yesterday. LIGHT is currently ranked 450th in global crypto assets market capitalization.

Recent important news about LIGHT:

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

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 could significantly enhance the performance and user experience of the LIGHT network, creating advantages for it in the competitive Crypto Assets market and attracting more developers and users to participate.

3️⃣ Improvement in cross-border payment and AI agent settlement efficiency Bitlight Labs has developed a payment framework and application for Bitcoin and stablecoins based on RLN, using stablecoins defined by RGB on the Lightning Network, aimed at improving the efficiency of cross-border payments and AI agent settlements. This innovation may attract more institutional and individual users to adopt the LIGHT ecosystem, potentially expanding its market share and real-world application scenarios.

From a technical perspective, the LIGHT price has shown strong performance recently, rising by 28.06% in the last 24 hours and breaking through the $1.4 mark. This upward momentum continues the previous upward trend and may reflect the market's positive response to LIGHT's ongoing technological innovations 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, lay a solid foundation for its long-term development and may be important factors supporting the recent price rise.

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