Litecoin Active Addresses Eclipse Bitcoin, Reaching 237,000

Edgen Crypto

·Feb 23 2026, 16:40

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Key Takeaways

Litecoin has surpassed Bitcoin, Dogecoin, and Dash in network activity, a key metric for gauging real-world adoption. This surge in active addresses signals growing utility for the proof-of-work cryptocurrency, potentially impacting its market valuation.

Network Leadership: Litecoin (LTC) became the most-used proof-of-work (PoW) cryptocurrency on February 23, 2026.
Activity Milestone: The network registered 237,064 active addresses, accounting for 56% of the total activity among a group of major PoW coins.
Competitive Edge: This development positions Litecoin ahead of direct competitors like Bitcoin (BTC) and Dogecoin (DOGE) in terms of daily on-chain engagement.

Litecoin Captures 56% of PoW Network Activity

On February 23, 2026, Litecoin (LTC) established itself as the leading proof-of-work (PoW) cryptocurrency by on-chain engagement. The network recorded 237,064 active addresses, a figure that represents 56% of the total 423,766 active addresses profiled across a selection of major PoW coins. This milestone marks a significant shift in user activity, placing Litecoin ahead of its larger and more established peers, including Bitcoin (BTC), Dogecoin (DOGE), and Dash.

Rising Utility Signals Bullish Outlook

The increase in active addresses is a critical indicator of a blockchain's health and fundamental utility. For investors, this surge in Litecoin usage suggests growing adoption and a strengthening network effect. Such on-chain metrics often serve as a leading indicator of market sentiment, as they demonstrate tangible demand for an asset beyond pure speculation. The sustained growth in network participation could also attract new developers and projects to the Litecoin ecosystem, enhancing its long-term competitive position against other digital currencies.