In this episode, I chat with Graham Krizek, the founder and CEO of Voltage Cloud. We break down the Lightning Network’s speed, scalability, capital efficiency, and the groundbreaking Fidelity Digital Assets report created in collaboration with Voltage.

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• Voltage Cloud on X: https://x.com/voltage_cloud

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––– Chapters –––

00:00 – Intro

01:00 – Introduction to Graham Krizek & Voltage

01:51 – What is the Lightning Network?

04:15 – How Voltage Powers the Lightning Ecosystem

05:45 – Graham’s Background

07:56 – The Fidelity & Voltage Lightning Report

10:06 – How Lightning Channels & Hops Work

12:54 – Routing Payments and Non-Custodial Yield

14:58 – Channel Structures & Capital Efficiency Trends

16:30 – Public vs. Private Channels & Total Network Capacity

18:25 – Transaction Value vs. Transacted Capital

20:38 – Adoption Trends in Lightning

21:32 – Payment Speed, Hops & Network Efficiency

23:31 – Lightning vs. Blockchain Scalability

24:43 – Success Rates on the Lightning Network

26:03 – State of the Lightning Ecosystem

27:33 – New Verticals: Nostr, Podcasting 2.0 & AI Agents

30:22 – The Convergence of Stablecoins & Lightning

32:49 – Lightning’s Resilience & Long-Term Vision

35:01 – What Will Drive Lightning’s Mass Adoption?

36:33 – Advice for Bitcoin-Focused Small Businesses

38:08 – B2B Integrations & Lightning as an Infrastructure Layer

42:45 – The Most Exciting Things to Come in 2025 3

7:56 – Is Lightning Delivering on Its Promise?

39:00 – Why Lightning Doesn’t Get the Spotlight (Yet)

40:35 – What Graham is Most Excited About in 2025

42:00 – Final Thoughts & Where to Find Voltage

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