Litecoin Experiences Surge in Transactions Due to Ordinals Craze

Litecoin, the 12th largest cryptocurrency, has seen a surge in transactions due to the new craze of using blockchain to inscribe digital assets called Ordinals. Last week, Litecoin's blockchain recorded over 584,838 transactions in a day, the highest in its history. Although activity has since dipped, Litecoin use remains higher than ever. The surge in activity has also caused Bitcoin's blockchain to experience a surge in transaction fees. Despite the increase in activity, Litecoin fees have remained the same. Litecoin was created in 2011 as a cheaper alternative to Bitcoin, but it has not been as successful in terms of adoption.

Litecoin $90.30

+1.73%

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