- Litecoin’s network completed 77 million transactions in 2024, marking a significant growth milestone for the coin.
- Litecoin’s hashrate increased by 2.88% in 24 hours, ensuring strong network stability and future resilience.
On Litecoin’s 13th birthday, the network celebrates an impressive achievement, having completed over 77 million transactions in 2024 alone. This milestone emphasizes Litecoin’s steady expansion and its dependability since its 2011 release.
Long regarded as the “silver to Bitcoin’s gold, Litecoin is perfect for everyday payments and microtransactions since consumers looking for quicker transaction times and reduced fees have always favored it. The almost 245 million transactions it has handled over the years demonstrate its ongoing relevance and growing acceptance.
As of today, Litecoin's 13th Birthday, the Litecoin network has completed a record breaking 77 million transactions so far in 2024!! #LFG
7⃣7⃣ MILLION
THE MOST ACTIVE YEAR IN LITECOIN'S HISTORY! pic.twitter.com/AD3vopV0oy
— Litecoin (@litecoin) October 13, 2024
Continuous Improvements and Platform Integration Drive Litecoin Growth
The expansion of the network can be ascribed to a number of elements, among which constant improvements to its fundamental protocol count. The platform has become more appealing with improvements in security, transaction speed, and privacy feature integration—that of MimbleWimble.
Furthermore, Litecoin’s adaptability across several platforms depends on its interaction with several payment processors and merchant systems. With Litecoin ranking among the top 25 by market cap, these technical improvements have helped to keep Litecoin a top cryptocurrency.
Several important events in 2024 will have strengthened Litecoin’s place in the cryptocurrency ecosystem even further. Through its mobile app, MoneyGram lately let U.S. consumers trade and save Litecoin alongside Bitcoin and Ethereum, according to CNF.
This action emphasizes Litecoin’s rising popularity in mainstream financial services, therefore improving its availability to a larger audience. Moreover, Litecoin’s circulating supply currently exceeds 75 million; just 9 million coins remain to be mined, therefore confirming its long-term existence in the crypto market.
The future of Litecoin seems bright. As we previously reported, its hashrate, which has increased by 2.89% on an intraday basis, guarantees robust network stability, therefore confirming its place in the wider crypto market. The TLC price is trading about $65.42, with the coin remaining in consolidation over the last 30 days.
