diff --git a/postgresql/migrations/000008_one_record_per_channel.down.sql b/postgresql/migrations/000008_one_record_per_channel.down.sql
new file mode 100644
index 0000000..4ba53f6
--- /dev/null
+++ b/postgresql/migrations/000008_one_record_per_channel.down.sql
@@ -0,0 +1,21 @@
+ALTER INDEX public.channels_nodeid_idx RENAME TO channels_new_nodeid_idx;
+ALTER INDEX public.channels_channel_point_pkey RENAME TO channels_new_channel_point_pkey
+ALTER TABLE public.channels RENAME TO channels_new;
+
+CREATE TABLE public.channels (
+	chanid int8 NOT NULL,
+	channel_point varchar NULL,
+	nodeid bytea NULL,
+	last_update timestamp NULL,
+	CONSTRAINT chanid_pkey PRIMARY KEY (chanid)
+);
+CREATE INDEX channels_nodeid_idx ON public.channels USING btree (nodeid);
+
+INSERT INTO public.channels
+SELECT initial_chanid chanid, channel_point, nodeid, last_update FROM channels_new;
+
+INSERT INTO public.channels
+SELECT confirmed_chanid chanid, channel_point, nodeid, last_update FROM channels_new
+    WHERE confirmed_chanid IS NOT NULL AND confirmed_chanid <> initial_chanid;
+
+DROP TABLE channels_new;
diff --git a/postgresql/migrations/000008_one_record_per_channel.up.sql b/postgresql/migrations/000008_one_record_per_channel.up.sql
new file mode 100644
index 0000000..2261a23
--- /dev/null
+++ b/postgresql/migrations/000008_one_record_per_channel.up.sql
@@ -0,0 +1,22 @@
+ALTER INDEX public.channels_nodeid_idx RENAME TO channels_old_nodeid_idx;
+ALTER INDEX public.chanid_pkey RENAME TO channels_old_chanid_pkey;
+ALTER TABLE public.channels RENAME TO channels_old;
+
+CREATE TABLE public.channels (
+	initial_chanid int8 NOT NULL,
+	confirmed_chanid int8 NULL,
+	channel_point varchar NOT NULL,
+	nodeid bytea NOT NULL,
+	last_update timestamp NULL,
+	CONSTRAINT channels_channel_point_pkey PRIMARY KEY (channel_point)
+);
+CREATE INDEX channels_nodeid_idx ON public.channels USING btree (nodeid);
+
+INSERT INTO public.channels
+SELECT
+ min(chanid) initial_chanid,
+ CASE WHEN (max(chanid) >> 40) < (3 << 17) THEN NULL ELSE max(chanid) END confirmed_chanid,
+ channel_point, nodeid, max(last_update) last_update
+FROM channels_old GROUP BY channel_point, nodeid;
+
+DROP TABLE public.channels_old;