Litecoin’s transaction activity over the past two days was higher than that of Bitcoin.
The average fee paid per transaction stayed in check.
Litecoin [LTC] became one of the most active blockchains in the industry over the past two days. For the first time in history, the proof-of-work (PoW) network clocked more than a million transactions on the 14th of November, AMBCrypto discovered.
In fact, the 14 count bettered the previous all-time high (ATH) of 660,153 recorded a day earlier. To put this in a broader context, LTC’s transaction activity over the past two days was higher than that of the original PoW network, Bitcoin [BTC].
It was worth noting that the latest bout of network traffic surpassed the May 2023 frenzy fueled by Ordinals and BRC-20 tokens.
Source: Glassnode
Transaction fees stay in control
However, despite the uptick in transaction count, the total number of coins transferred on-chain stayed low. This meant that most of the traffic was driven by low-value transact
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