The Litecoin network hit the 200 millionth transaction mark on Dec. 22, showcasing accelerated growth with an impressive processing of over 10 million transactions.
In an earlier post from Litecoin (LTC) released on Dec. 21, the cryptocurrency engineered to facilitate swift, secure, and cost-effective transactions, reported that in the previous 24-hour period, it had exhibited more active addresses than the combined total of Bitcoin (BTC) and Ethereum (ETH), with 1.4 million on-chain transactions recorded in a single day.
This coincided with a report from IntoTheBlock, a market intelligence platform highlighting Litecoin’s activity is experiencing a resurgence, with daily active addresses consistently surpassing Ethereum’s since the beginning of December.
At press time, the current value of Litecoin is $72.10, reflecting a change of 11.1% over the past year, according to CoinMarketCap.
The consistent growth in the altcoin is attributed to what prominent pro-Litecoin advocate Shan Belew suggests as the expectation for increased promotion once a Bitcoin ETF is approved next year. Litecoin, closely associated with Bitcoin, is already experiencing a surge in its network valuation, reaching the thousands.