Important Metric Sees Litecoin Surpass Dogecoin

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Litecoin’s daily large transactions reach $2.85 billion, leaving Dogecoin, the OG meme coin, far behind.

Litecoin’s network processes a whopping $2.85 billion in transactions, which is over 50% of its market cap. This surpasses the transaction volume of many prominent Layer 1 blockchain networks and potentially demonstrates an increased level of whale activity.

For example, Dogecoin has a market capitalization nearly three times that of Litecoin. However, despite its higher market cap, the popular meme coin has a much lower volume of large transactions, with approximately $590 million.

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