Throughout 2024, Litecoin’s daily active addresses saw a substantial increase to an average of 401,000, up from 366,000 the previous year. This marks a consistent upward trend in the adoption and utilization of Litecoin, positioning it as an increasingly favored choice among cryptocurrencies.

Remarkably, early January 2024 set a new record for Litecoin, with activity surging to 1.37 million active addresses in a single day, surpassing both Bitcoin and Ethereum. This peak highlights Litecoin’s growing influence and acceptance in the digital currency market, possibly influenced by unique technological advancements or market conditions that favored Litecoin over other leading cryptocurrencies.