The headline capacity milestone obscures the more important shift: Lightning is increasingly operating as a backend for custodial wallets and remittance services rather than a peer-to-peer routing network.
The post-halving consolidation that everyone predicted didn't happen the way the models said it would. The structural picture that emerged is more interesting and probably more durable.
BitcoinLightning Network Capacity Hits 8,400 BTC as Custodial Layers Expand