Litecoin has demonstrated a commanding lead in network usage among major proof-of-work (PoW) cryptocurrencies, accounting for 56% of all daily active addresses in a 24-hour snapshot. According to data shared by the Litecoin Foundation via social media, the total active addresses across tracked PoW networks reached 423,766 as of 10 p.m. EST on February 22, 2026. Of that total, Litecoin recorded 237,064 active addresses.
The distribution of activity placed Bitcoin in a distant second position with 87,466 addresses (21%), followed by Dogecoin at 49,388 (12%), Dash at 31,601 (7%), and Bitcoin Cash at 18,257 (4%). This data highlights Litecoin's significant lead in short-term transactional engagement within its peer group.
Analysts point to Litecoin's extremely low transaction fees as a key driver behind this surge in network activity, especially when compared to the higher costs on the Bitcoin mainnet. This competitive advantage makes LTC particularly attractive for users and services requiring frequent or bulk payments, reinforcing its reputation as a practical payment cryptocurrency.
Despite this strong fundamental utility, a stark contrast exists with its market performance. At the time of reporting, Litecoin's price was trading around $52.78, representing a 3.5% decline and sitting approximately 87% below its all-time high. However, trading volume saw a concurrent increase of 21%, suggesting sustained interest from traders. Market observers note this disconnect between robust on-chain activity and price could signal an accumulation phase, though the asset has considerable ground to recover to meet bullish long-term projections.
