Cardano's [ADA] market cap might be higher than Litecoin's [LTC] by almost $10 billion. But when it comes to network activity, the former
According to IntoTheBlock, the number of active addresses on Litecoin was 357,260 on the 31st of May. For Cardano, it was an eyesore as data showed that it was 28,630.Active addresses show the number of unique wallets involved in successful transactions on a blockchain. However, it is important to note that this metric does not one address twice irrespective of the times involved in sending or receiving within a day.
However, AMBCrypto checked if Litecoin had any major development lately that caused the wide margin. From our findings, nothing of such occurred, meaning that market participants considered LTC worthy of attention than ADA at this time.As of this writing, data from Santiment showed that the project’s development activity fell to 55.57. This metric reveals how committed developers are to ensuring the proper function of a blockchain.
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