The Litecoin blockchain has now facilitated over 180 million transactions in total, according to an announcement from the Litecoin Foundation this week.
The milestone comes amid a surge in on-chain activity, with Litecoin already registering 51 million transactions in 2023 alone as of October. That figure for this year has already eclipsed the full-year record of 39 million transactions set in 2022.
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Notable milestone show growing Litecoin adoption
The accelerating transaction count underscores LTC’s growing adoption and utility over a decade after its launch. As one of the longest-running cryptocurrency networks, the network continues to attract users drawn to its scalability, low fees, and integration with services like PayPal.
Critics also contend that privacy-focused rivals offer Litecoin little differentiation anymore regarding fungibility and confidentiality. Litecoin once benefited from these dimensions before anonymity features became commonplace.
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LTC currently holds the position of being the fifteenth largest cryptocurrency, with a market capitalization of $4.63 billion. As of the time of this writing, LTC has experienced a 0.70% decrease in value over the last 24 hours, with its price currently at $62.83.
Still, it maintains an ardent community bullish on further disrupting both crypto and mainstream payments. Its growing transaction count confirms steady, albeit slow, progress in seeing broader adoption.