Litecoin Surpasses Ethereum in Total Addresses, Adoption Accelerates

• Litecoin’s total addresses have surpassed that of Ethereum, indicating accelerating adoption.
• The total addresses metric is a measure of the number of unique addresses on the chain that have been involved in at least one transaction.
• Ethereum’s growth in total addresses has been significantly tamer compared to Litecoin’s.

Recently, Litecoin has seen a rapid adoption as its total addresses have surpassed that of Ethereum. Total addresses is an indicator from the on-chain analytics firm Glassnode that measures the total number of unique addresses of a cryptocurrency that have been involved in at least one transaction (whether as a sender or a receiver) on the chain during the entire lifetime of the network. When the value of this metric goes up, it means users are creating new addresses on the blockchain right now, which could be a sign of new investors adopting the crypto.

A tweet from the director of the Litecoin Foundation reported that LTC’s growth has continued to accelerate even after surpassing Ethereum in total addresses. This was confirmed by a graph that displayed the trends in the total addresses metrics for Litecoin and Ethereum. The graph showed that the total number of Ethereum addresses was greater than that of Litecoin until very recently, but Litecoin has observed some sharp growth in new addresses on the network since then. On the other hand, Ethereum’s growth in total addresses has been significantly tamer compared to Litecoin’s.

This indicates that more and more people are investing in Litecoin and using it as a means of payment, which is a positive sign for the cryptocurrency. This could lead to even more widespread adoption of LTC in the future, as the crypto continues to gain traction. This could also mean that Litecoin is becoming a more attractive option for investors who want to diversify their portfolios. With Litecoin’s increasing popularity, it is only a matter of time before people start using it more and more often.