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@ Filou
2025-02-21 18:23:49
Yeah, I am seeing more and more frequent payments on LN that would have been cheaper to make on-chain– As a general rule, smaller payments are cheaper on LN whereas larger ones are cheaper on-chain since fees on LN are based on ppm (dependent on size) and fees on-chain are only dependent on # of UTXOs involved. So currently with low mempool fees, on-chain can be just as cost-effective if not more than LN.
However it seems that there are plenty of use cases where (near) instant final settlement is important, even if it's not the cheapest option. Same would be true comparing to a traditional Wire Transfer, I'd argue LN is still a vast improvement even if fees are relatively similar.