Litecoin’s Usage Surpasses Major Networks, Demonstrating Real-World Utility

Litecoin , one of the longest-standing Layer 1 networks, continues to demonstrate its relevance and strength in the cryptocurrency space. With over 370,000 daily active addresses and more than 200,000 daily transactions, Litecoin outperforms prominent networks like Dogecoin, Cardano, and Avalanche in terms of daily usage. A key factor driving this activity is Litecoin’s role as a popular payment method, making it one of the few cryptocurrencies actively utilized for real-world transactions. The network’s high daily transaction volume, which is roughly equal to its total market capitalization, further highlights its utility and adoption in practical use cases. Litecoin Has Over 7 Million Holder Addresses In terms of holder distribution, Litecoin has 7.94 million addresses with a balance. A significant portion of these addresses belong to long-term holders, reflecting the network’s strong support base. Notably, 72% of Litecoin holders are currently in profit, indicating positive sentiment and long-term belief in the asset’s potential. This infographic highlights some key on-chain metrics about Litecoin As one of the older Layer 1 networks still seeing significant usage, Litecoin shouldn’t be overlooked. With 370,000+ daily active addresses and 200,000+ daily transactions, it outpaces networks like… pic.twitter.com/3UZH8ulnge — IntoTheBlock (@intotheblock) December 9, 2024 Despite being an older cryptocurrency, Litecoin’s ongoing activity and growth suggest that it should not be overlooked. The network’s consistent daily usage metrics and widespread adoption as a payment method set it apart from other blockchain projects. As cryptocurrency continues to evolve, Litecoin’s proven utility may become even more critical for its sustained success in the long run. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: pitinan/ 123RF // Image Effects by Colorcinch