Crypto payments processor CoinGate has revealed that Litecoin (LTC) has risen to take the 2nd position on the user preference list.
Below is the pie chart shared by the firm, showcasing the top coins used by its customers in July.
As is visible, Bitcoin is still the leading crypto on CoinGate with a payments share of 22.9%. The more interesting tokens, however, are the ones below, where a shake-up has occurred.
Although LTC is only the nineteenth ranked coin in the sector by market cap, its blockchain has always found popularity in terms of use as a mode of payment. The reason behind it is simple: the network offers fast and cheap transactions.
Thus, given this utility, it may not be too surprising to see Litecoin climb near the top of the rankings of a payment processor like CoinGate, as users generally want to prioritize efficient settlement.
From the pie chart, it’s apparent that Litecoin’s dominance stood at 13.6% for H1 2025, just ahead of Ethereum at 13.5%. Bitcoin and Tron were still ahead with figures of 23.3% and 21.6%, respectively.
One interesting finding in the report is that merchants are becoming more comfortable with crypto.
In 2024, only 27% of merchants chose to hold received payments in digital assets. This figure saw a notable jump to 40.9% in H1 2025, implying businesses are increasingly preferring to settle in crypto.
In terms of merchant payouts, USDC is the most popular choice, likely for its stability and compliance advantages. Bitcoin is second, but Litecoin is nowhere to be seen on this one.
After a sharp jump of more than 9% over the past 24 hours, Litecoin has managed to recover to the $119 level.
