Recent research indicates that pathfinding on the lightning network becomes much more reliable if sending nodes would not have to fight with the base fee that routing nodes currently charge.
Dropping the base fee would allow sending nodes to find paths with larger amounts on which routing nodes would still earn a fee rate.
This website shows the percentage of channel update message that indicated a 0 base fee in the time window.
Fraction of channel update messages signaling zero base_fee
Note if you actually want to inveractively see the Network of zero Base fee channels you can check the lnrouter.app website by @SeverinAlexB
- Since 5. Jul 21.81%
- Since 6. Jul 21.81%
- Since 7. Jul 21.81%
- Since 8. Jul 21.81%
- Since 9. Jul 21.81%
- Since 10. Jul 21.81%
- Since 11. Jul 21.81%
- Since 12. Jul 21.81%
- Since 13. Jul 21.81%
- Since 14. Jul 21.81%
- Since 15. Jul 21.82%
- Since 16. Jul 21.81%
- Since 17. Jul 21.83%
- Since 18. Jul 21.87%
- Since 19. Jul 21.91%
- Since 20. Jul 21.95%
- Since 21. Jul 22.00%
- Since 22. Jul 21.96%
- Since 23. Jul 22.08%
- Since 24. Jul 22.21%
- Since 25. Jul 23.24%
- Since 26. Jul 23.75%
- Since 27. Jul 25.10%
- Since 28. Jul 25.69%
- Since 29. Jul 29.08%
- Since 30. Jul 30.24%
Since 30. Jul 30.24% of channel update messages signaled #zeroBaseFee!
Note that we first explained the base fee issue on July 11th on the Honigdachs Podcast
Disclaimer
- This script is very ad hoc and the data is currently only updated by hand once per day to take load from this server
- I consider a day as the last 86'400 seconds and ignore timezones and stuff like that
- Of course I can only show what my lighting node receives on gossip
- I might in future change the way how I count the numbers. Counting (the right thing) is much harder than one might think.
- Don't expect wallets and implementations to upgrade to the new path finding method too soonish. This website should merely encouraging developers to pick up the novel method.
- Of course: Don't trust! Verify. With the techniques described in my frist video you can probably quickly check your own gossip.
Is this like previous Segwit or Taproot activation?
NO! This is not even close! Droping the base_fee is not a consensus critical decision. It is merely a choice of routing notes betting on wallets picking up the improved path finding method if enough channels signal zero base fee. The novel method would just ignore all other channels. The larger payment amounts and higher reliability would probably allow routing nodes to earn a higher yield on their fee rate. So this is neither a vote for a protocol change nor an attampt to force anything on anyone. It is just a simple recommendation to people in a free market.
THANK YOU!
Your enthusiasm and very lovely feedback in the form of words, donations and actions was literally overwhelming for us.
I wanted to take a day off today and celebrate but the amazing initiative by @markusturm and the community response also on https://donate.ln-rene-pickhardt.de motivated me to hack this little tool together!
List of 1669 nodes that my node has seen that have mainly #zerobasefee channels
Last updated July 31th 2021 at about 9:00 am CEST. Note it might take a while until your updates arrive at my note and this page also does not update dynammically.
History
July 26th
- Since 5. Jul 18.45%
- Since 6. Jul 18.45%
- Since 7. Jul 18.45%
- Since 8. Jul 18.45%
- Since 9. Jul 18.45%
- Since 10. Jul 18.45%
- Since 11. Jul 18.48%
- Since 12. Jul 18.51%
- Since 13. Jul 18.54%
- Since 14. Jul 18.56%
- Since 15. Jul 18.53%
- Since 16. Jul 18.54%
- Since 17. Jul 18.64%
- Since 18. Jul 18.75%
- Since 19. Jul 18.87%
- Since 20. Jul 19.28%
- Since 21. Jul 19.08%
- Since 22. Jul 18.89%
- Since 23. Jul 18.29%
- Since 24. Jul 17.80%
- Since 25. Jul 18.47%
Since 25. Jul 18.47% of channel update messages signaled #zeroBaseFee!
On July 23rd
- Since 5. Jul 16.74%
- Since 6. Jul 16.74%
- Since 7. Jul 16.74%
- Since 8. Jul 16.74%
- Since 9. Jul 16.78%
- Since 10. Jul 16.82%
- Since 11. Jul 16.87%
- Since 12. Jul 16.94%
- Since 13. Jul 16.97%
- Since 14. Jul 17.03%
- Since 15. Jul 17.08%
- Since 16. Jul 17.06%
- Since 17. Jul 17.03%
- Since 18. Jul 18.03%
- Since 19. Jul 18.39%
- Since 20. Jul 19.87%
- Since 21. Jul 20.45%
- Since 22. Jul 23.58%
Since 22. Jul 23.58% of channel update messages signaled #zeroBaseFee!
On July 19th
- Since 5. Jul 15.56%
- Since 6. Jul 15.59%
- Since 7. Jul 15.65%
- Since 8. Jul 15.70%
- Since 9. Jul 15.75%
- Since 10. Jul 15.85%
- Since 11. Jul 15.93%
- Since 12. Jul 16.08%
- Since 13. Jul 16.45%
- Since 14. Jul 16.14%
- Since 15. Jul 15.55%
- Since 16. Jul 14.78%
- Since 17. Jul 14.15%
- Since 18. Jul 17.85%
Since 18. Jul 17.85% of channel update messages signaled #zeroBaseFee!
On July 16th
- Since 5. Jul 13.50%
- Since 6. Jul 13.55%
- Since 7. Jul 13.64%
- Since 8. Jul 13.72%
- Since 9. Jul 13.81%
- Since 10. Jul 13.96%
- Since 11. Jul 15.87%
- Since 12. Jul 19.39%
- Since 13. Jul 22.00%
- Since 14. Jul 23.15%
- Since 15. Jul 26.92%
Since 15. Jul 26.92% of channel update messages signaled #zeroBaseFee!
On July 15th
- Since 5. Jul 12.03%
- Since 6. Jul 12.10%
- Since 7. Jul 12.18%
- Since 8. Jul 12.26%
- Since 9. Jul 12.38%
- Since 10. Jul 12.48%
- Since 11. Jul 13.64%
- Since 12. Jul 16.83%
- Since 13. Jul 19.56%
- Since 14. Jul 19.88%
Since 14. Jul 19.88% of channel update messages signaled #zeroBaseFee!
On July 14th
- Since 5. Jul 10.25%
- Since 6. Jul 10.31%
- Since 7. Jul 10.39%
- Since 8. Jul 10.51%
- Since 9. Jul 10.60%
- Since 10. Jul 10.69%
- Since 11. Jul 12.62%
- Since 12. Jul 15.07%
- Since 13. Jul 18.46%
Since 13. Jul 18.46% of channel update messages signaled #zeroBaseFee!