Litecoin has achieved a significant milestone in its network transactions, processing its 170 millionth transaction. This reflects the accelerating growth of Litecoin, which has added over 10 million transactions in the past seven weeks, suggesting that well over a million transactions occur each week.

The upcoming Litecoin halving event, which will reduce mining rewards, is generating heightened interest and search trends for Litecoin have hit a new yearly peak. Despite being marginally down in the last 24 hours, Litecoin has a market value of $6.94 billion and is ranked 12th among all cryptocurrencies.