Whether there’s one nice thing going on right now with Litecoin (LTC), it’s the rapid rise in Litecoin address activity. According to on-chain analytics firm Santiment, Litecoin has flipped the world’s second-largest blockchain platform Ethereum (ETH) in terms of address activity.
According to the source of the information, Litecoin has exceeded #Ethereum in terms of address activity for the third time this year. We also discovered that #Litecoin’s payment count, which tracks how many addresses have received $LTC, has reached an all-time high.
This unique UTXO statistic counts the number of addresses that are getting Litecoins, according to the data [provider]. It’s also quite close to the total number of active addresses. Okay, LTC is UTXO’s property. It’s possible that comparing its onchain activities to Bitcoin is a good idea.
According to Santiment, an on-chain data source, the daily active addresses have surpassed 600K, which is incredible for a UTXO coin. In addition, unlike Ethereum, Litecoin does not have the support of DeFi or NFT donating to active addresses.
On strong reports that retail behemoth Walmart will enable LTC payments, LTC soared to a 2021 high of $223 last month in September 2021. However, in what looked to be a typical pump and dump situation, this price only lasted less than 24 hours.
One of the Litecoin execs also raced to tweet about it, which he afterward deleted. Charlie Lee, the inventor of Litecoin, subsequently stated that they will discover out how this false information got into the market. However, no additional information about the inquiry has been released.