[Xangle Insight] Litecoin On-Chain Transaction Volume Increased by 85%...Is BSV's Recent Bull Run Affecting Other BTC-related Coins?

Jan 17, 2020

Litecoin’s on-chain transaction volume for the past 7 days has increased by 85% compared to that of the previous week. Number of transactions worth more than $1 million USD have also increased by 40%. 

According to crypto disclosure platform Xangle, Litecoin’s 7-day on-chain transaction volume ending 17th January was $3.17 Billion USD, a staggering 85% increase week-on-week. Ethereum’s number was $1.88 Billion USD with a relatively moderate 12.99% increase.

This is an interesting development as last week’s 7-day on-chain transaction volume for Litecoin and Ethereum were pretty similar at $1.71 Billion and $1.67 Billion USD respectively. The only major event between last week and this week’s stats is alleged to be BSV’s bull run, sparked by rumors surrounding Craig Wright.

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