December 2023: – In a notable change to the cryptocurrency landscape, the has seen an increase in on-chain activity, surpassing Ethereum in the number of active addresses and trading volumes reaching a daily average of $19 million .
Along with this increase in activity, Litecoin has maintained transaction fees low at $0.0019 on average, significantly lower than Ethereum’s $12.19 average fee per transaction
This development comes at a time when profitability becomes particularly crucial during the year-end demand period. While Litecoin’s operational efficiency has been highlighted, its market price remains relatively unaffected by this increase in network usage. The contrast between growth in on-chain activity and stagnation in market valuation highlights a disconnect that market observers find intriguing.
This performance is particularly significant given the congestion and higher fees often associated with Ethereum, which historically leads in terms of active addresses.
Recent data suggests that users may be seeking more efficient alternatives for their transactions, which could influence the dynamics of cryptocurrency adoption and usage. However, it remains to be seen how these changes in on-chain metrics will impact Litecoin’s market position in the long term.
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