According to TechFlow, on July 12, according to IntoTheBlock data, Litecoin processes an average of 100,000 transactions per day, with a transaction volume of more than 2.85 billion US dollars, which is more than 50% of its market value and also exceeds most Layer 1 networks. For example, DOGE's average daily block transaction volume is 590 million US dollars, although its market value is about 3 times that of Litecoin.