Transactions on the Litecoin blockchain have surged to all-time highs as the meme coin frenzy and subsequently high fees on the Bitcoin network send crypto users scrambling for alternatives.
On May 8, Litecoin executed more than 525,000 transactions in a day, coming close to Bitcoin’s 575,000 daily transactions, according to blockchain data from BitInfoCharts. It is five times the average number of transactions on the Litecoin blockchain compared to earlier this year and more than double the previous all-time high near the peak of the bull market in January 2018.
The development comes as the Bitcoin blockchain, the home of bitcoin (BTC), the largest
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!