#CryptoUsersHit18M A sharp market drop on Tuesday led to one of the worst days in recent months for major tokens and midcaps. The decline came after Google revealed it was conducting benchmark tests on its new Willow quantum computing chip, raising concerns over the impact on crypto privacy and wallet security in the market.

Litecoin was no exception, plunging over 8%, briefly dipping to $104, and eventually recovering to around $113. Despite this, it continues to lead several prominent altcoins in terms of network activity.

Litecoin Sees Record Activity

Litecoin continues to demonstrate strong usage as one of the older Layer 1 networks, according to a recent analysis by IntoTheBlock. With over 370,000 daily active addresses and more than 200,000 daily transactions, Litecoin has surpassed networks like Dogecoin, Cardano, and Avalanche in terms of activity.