[The rise of LTC: New addresses surged by more than 1 million in a single day]
Litecoin (LTC) has recently achieved significant success in the crypto market, with more than 1 million new addresses added in a single day, demonstrating the high level of interest in this leading digital asset. According to data from Glassnode, about 1.2 million new Litecoin addresses were added on December 20, which was the largest single-day increase in two years, although it decreased later.
This growth is consistent with the trend of surpassing Ethereum in the number of daily active addresses. On December 22, Litecoin’s on-chain transaction volume even exceeded that of Bitcoin and Ethereum combined, reaching 1.4 million transactions. This growth is related to the recent popularity of Ordinals-like transactions, with Litecoin witnessing 2 million ordinal engravings in just four days.
This surge in activity shows that interest in Litecoin is growing among both institutional and retail investors. On December 22, Litecoin celebrated its 200 millionth transaction, showing its rapid acceleration in adoption.
Despite increased online activity, Litecoin’s market price still fails to fully reflect its on-chain growth momentum. However, many analysts and traders are optimistic about Litecoin’s future and expect its price to rise significantly. As Litecoin continues to advance in terms of adoption and network activity, the coming months are likely to further solidify its position as a key Layer1.
