Litecoin has seen a rapid surge in active addresses. It is the most widely used cryptocurrency in the world right now. Bitcoin and Ethereum are shamed and stand quietly by.

According to data from the on-chain analytics firm Santiment, the Daily Active Addresses have recently seen a big jump for LTC.

This metrics refers to an indicator that keeps track of the total number of addresses taking part in some transaction activity on the network daily. It takes into account both senders and receivers and only counts the unique number of such addresses.

In general, this indicator may be used as a proxy for the amount of traffic the Litecoin blockchain receives. So, the more addresses are making moves on the network, the higher is the interest in the asset.

In May alone, the Litecoin Daily Active Addresses have observed extraordinarily high values. The average quantity of active Litecoin addresses in April was around 345,000. And in May it spiked to a whopping 700,000.

“More people using Litecoin than any other crypto right now!” notes the official LTC X account.

Litecoin has historically been one of the most popular cryptocurrencies. Unlike Bitcoin, Litecoin offers really cheap and blazingly fast transactions.

Meanwhile, LTC’s price has been stagnant for a while. It seem that users don't like to store value in Litecoin. They see it as the payment means and nothing more.