The Surge in Litecoin Network Activity
The Litecoin network has seen a significant increase in activity. According to data from IntoTheBlock, the average daily active addresses reached 401,000 this year, up from 366,000 in 2023. Notably, at the beginning of January, network activity peaked at 1.37 million active addresses in just one day—far exceeding the daily transaction volume of both Bitcoin and Ethereum at the same time.
Litecoin also affirms the confidence of long-term investors. Data shows that 53.9% of the total LTC supply that has ever been mined has been held for more than a year without any transactions, indicating that a large portion of this supply remains off the market.
Additionally, 85.8% of the total LTC has been held for more than a month, demonstrating the long-term holding trend of investors. The average holding period for each LTC reaches 2.4 years, reflecting the commitment and long-term investment perspective of many holders.
