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News Explorer — Litecoin Activity Surges as Bitcoin Fees Rise and Users Seek Alternatives

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May 9, 7:59 pm
Coindesk

Litecoin Activity Surges as Bitcoin Fees Rise and Users Seek Alternatives

Litecoin's blockchain transactions have reached an all-time high due to the high fees on the Bitcoin network, which has caused users to look for alternatives. The Bitcoin blockchain is congested due to the popularity of BRC-20 tokens, leading to record-high transaction fees and a halt in Bitcoin withdrawals. As a result, users have turned to cheaper alternatives such as stablecoins and the Lightning network. Litecoin has seen a surge in activity, with record amounts of transactions and active wallet addresses.

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