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Litecoin delivers 300,000,000th transaction today after 13 years of 100% uptime.

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by COINS NEWS 21 Views

It's rare to find any real fundamentals in crypto, much less long term relative growing fundamentals in a coin with bad relative price action. Litecoin is deep clucking value. It's worth digging into the transaction growth trends over the past few years. There's only one altcoin, only one dino with sustained real world user growth and adoption vs everything, even against Bitcoin. It's Litecoin.

The nice thing about Litecoin is you can confirm onchain data using offchain data. With premined smart contracts you have two layers of deception in the data. First is outright fraud. Preminers can't sell without collapsing the mcap of their chain, but they can put coins into the contracts and just spin them around to create the illusion that there's more activity than there is. They can also use the value of the premine to temporarily support unsustainable incentives, yield farming.

Real world adoption can be seen offchain as well as onchain, in exchanges, payment processors, retailers, banks, brokerages, atms and the like. Most coins get just enough infrastructure and struggle to add more. Litecoin has over the past few years kept pace with the likes of Bitcoin, Ethereum and Dogecoin in terms of additions, without the billionaire support, just with users. Sustained additions suggest there's ample liquidity to make it worth retaining support and adding more.

Over the last few years, Litecoin has added Paypal, Venmo, Paxos, Verifone, bitpay, AMC, Regal, Newegg, Flexa, Gemini, Interactive Brokers, Coinshares, Wisdom Tree, Grayscale, Shopify, Moneygram, postfinance, bitgo, Wisdomtree, Coinme, EDX, Fidelity and even banks like BBVA, BanColumbia and CBA. It's first US ETF application was filed by Canary Capital late last year. That's above and beyond the table stakes of near universal exchange support.

Among entities reporting user share, Litecoin has really excelled. Litecoin remains the top altcoin among ATMs worldwide, which you can see at coinatmradar. Litecoin has grown it's share at outlets like Coingate and Bitrefill. Most impressively, Litecoin has done at the oldest crypto payment processor what no alt has ever done and taken the top slot from Bitcoin.

Bitpay, around since 2011, dragged its feet adding Litecoin for years adding other alts, then in 2021 it finally added LTC. It took LTC 3 months to exceed all other altcoin's share. It took maybe a year to exceed all altcoins combined. Then 2 years in it exceeded Bitcoin's share for the first time and last year exceeded Bitcoin's share the entire year, without interruption.

Litecoin is the values compatible Medium of Transaction companion to Bitcoin's Store of Value. No other coin combines the no premine, fair distribution, algo dominant PoW, fixed supply, global network effect growth with affordable fees. You don't have to hope the centralized preminers don't rug and kill it, they can't because Litecoin shares Bitcoin's decentralization priority. You can see the substitution over the years whenever Bitcoin fees rise, so it's not my opinion, it's the opinion of Bitcoin users drawn to it for the same values. I'd encourage everyone to follow wlitecoin on Twitter/x to learn more about monetization limits and the onchain stats comparisons.

Litecoin is the boring financial plumbing that has proven it can't be killed by sustained investor hostility, or even slowed. Negative narratives will persist until they fall apart, and the narratives don't match the adoption. 2025 could be Łit.

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