$LTC As 2025 begins, Litecoin (LTC) celebrates a groundbreaking milestone, surpassing 300 million transactions. This remarkable achievement underscores its growing role as a trusted cryptocurrency for real-world payments. Introduced in October 2011 by Charlie Lee, Litecoin was designed to complement Bitcoin by offering faster transactions and reduced fees. Its consistent growth has solidified its reputation as a reliable payment network, achieving what many traditional financial systems have struggled to replicate.
The year 2024 proved pivotal for Litecoin, marking a surge in adoption and utility. By November 19, 2024, the network processed nearly 84 million transactions. The momentum carried through the year, setting a new record with over 92.76 million transactions—a 38.55% increase from the previous record of 66.95 million in 2023. This exceptional growth highlights Litecoin's expanding adoption as users increasingly rely on its efficient network for transactions.
Further cementing its success, Litecoin witnessed significant advancements in 2024. Active addresses on January 3, 2024, surpassed 1.37 million, outpacing Bitcoin and Ethereum combined. The average daily active addresses also rose by 10%, reaching 401,000 compared to 366,000 in 2023. By December 28, 2024, Litecoin’s network security reached a historic peak, with its hashrate climbing to 1.919 PH/s, reflecting robust miner engagement. Institutional recognition added to its achievements, with Fidelity introducing Litecoin custody in July 2024, following its existing support for Bitcoin and Ethereum.
The mainstream appeal of Litecoin was further bolstered by significant milestones in investment and trading. Canary Capital submitted the first Litecoin Spot ETF application in October 2024, while Coinbase introduced Litecoin Futures with an astonishing 10,950% increase in trading volume after CTFC approval. As of January 2025, Litecoin is trading at $113.51, reflecting a 12% gain over the past week. These developments highlight Litecoin’s enduring relevance and its bright future in the cryptocurrency landscape.
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