Daily transactions on the Litecoin network have reached $9.6 billion per day, while exchange-traded fund issuers have been making efforts to list their proposed Litecoin ETFs in the United States.
The market capitalization of Litecoin
LTC
€128.46
increased by 46% between February 2 and February 19, demonstrating growing investor interest, Santiment reported on February 21. It added that part of this growth comes from "its strong increase in network utility, which has been processing $9.6 billion in daily transaction volume over the last 7 days".
Litecoin had around $2.8 billion in daily transaction volume at the end of August, so the current levels represent a 243% increase in five months. Additionally, LTC prices have doubled since early November, outperforming the overall cryptocurrency market, which has seen gains of 42% during the same period.
