Litecoin Hits 200 Million Transactions, Outpaces Major Cryptos

Litecoin, a cryptocurrency known for its fast, secure, and low-cost transactions, recently celebrated a major milestone by reaching 200 million transactions on December 22. This achievement underscores the growing popularity and usage of Litecoin, especially in comparison to other major cryptocurrencies like Bitcoin and Ethereum.

A day before this event, Litecoin reported an exceptional level of activity. On December 21, the network saw more active addresses than Bitcoin and Ethereum combined, totaling an astonishing 1.4 million on-chain transactions in just 24 hours.

At the time of reporting, Litecoin’s value stood at $73.60, as per CoinMarketCap, reflecting a notable increase of over 10% in the past year. This steady growth in Litecoin’s market value and network activity can be linked to the anticipation surrounding the potential approval of a Bitcoin ETF next year. Given Litecoin’s close association with Bitcoin, the altcoin has already seen a significant increase in its network valuation, reaching into the thousands.