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Start of chain analysis In the block reports important milestone for LTC. In a tweet, IntoTheBlock reports that Litecoin has reached a huge milestone, reaching over a million transactions in one day.
November 14 was a historic day for Litecoin as it not only set a new all-time high in its transactions but also surpassed Bitcoin. Litecoin saw almost twice as many transactions as Bitcoin that day.
X Litecoin official manage reports of the historical milestone achieved. He noted that the Litecoin network handled 1.3 million transactions, surpassing Bitcoin, which only processed 430,000 transactions.
Litecoin is also matching the increase in network transactions with an increase in address activity. Daily active addresses, an important indicator of network utilization and user activity, indicate an interesting hierarchy, according to IntoTheBlock, with Bitcoin dominating with 960,000 daily active addresses.
With 797,000 daily active addresses, Litecoin is surprisingly close, indicating strong network utilization. According to IntoTheBlock, this large amount of activity could suggest a large and active user base.
With 405,000 daily active addresses, Ethereum is now in third place. Despite this, Ethereum remains one of the networks with the most active users.
In the last week, more than 300,000 new Ordinals were registered on the Litecoin network, marking another milestone.
Bakkt, a leading provider of custody and trading services, has announced the addition of six additional coins, including Litecoin, to its relaunched enhanced custody platform.
