Litecoin's Limited Usage Highlights Its Slight Role in Crypto Transactions

I observe that the annual transaction volume for USDT is approximately 20 trillion USD, whereas for Litecoin, it is around 100 billion USD, making Litecoin's transaction volume about 200 times smaller. This indicates that Litecoin is rarely used as a medium of exchange or transaction compared to USDT, which dominates in transaction volume.

This stark contrast highlights the significant disparity in adoption and utilization between these two cryptocurrencies. USDT's high transaction volume underscores its widespread use in trading, liquidity provision, and as a stablecoin for various financial activities, while Litecoin's limited transaction activity suggests it is less favored for everyday transactions or broader use cases.

The fact that Litecoin's transaction volume is so minimal implies it has little practical utility in the current cryptocurrency ecosystem, possibly due to less developer activity, lower adoption, or inadequate features that distinguish it from more popular alternatives. This gap reflects the broader trend where a few cryptocurrencies dominate usage, leaving others on the fringes.