9th-15th of December 2024
Over the past week, several key indicators for ICP remained elevated. In this article, we’ll examine all relevant updates, data, charts, metrics, and indicators related to ICP and its broader ecosystem.
Let’s begin by analyzing the most significant metrics from the past week.
In the past week, 30,670 ICP were burned, marking the fourth largest weekly burns since Genesis. This represents a slight increase from the previous week, when 27,439 ICP were burned.
Here is the weekly comparison of ICP burned since the beginning of September, highlighting trends and changes over time.
During the last week, ICP generated $403.1K in fees, marking the forth-highest weekly revenue in the protocol’s history.
Source: tokenterminal
Here is the weekly comparison of the ICP weekly revenue since the beginning of September, highlighting trends and changes over time.
Source: tokenterminal
Currently, ICP ranks as one the top-performing Layer 1 protocols in terms of revenue over the past week among projects with a market cap below $100 billion.
Source: tokenterminal
* I chose not to include TRX in the list, as its expenses are significantly higher than those of the other projects. For this reason, I believe including it would not provide a fair comparison.
Additionally, ICP has emerged as the leading Layer 1 blockchain (with a market cap under $100 billion) in terms of daily revenue generation on the 13th and 15th of December.
Source: tokenterminal
Monthly fees on the Internet Computer have increased 40-fold since January 2024, while daily active users on OpenChat have grown sixfold during the same period.
Source: tokenterminal
Since the beginning of September, ICP has significantly increased the fees it generates, now ranking among the top 10 Layer 1 blockchains based on 30-day fee metrics.
Source: tokenterminal
Last week, ICP was recognized by the Phoenix Group as a top 10 performer in social activity across key narratives, including RWA, and DAOs.
Source: pnxgrp
Recent data indicates that ICP leads the cryptocurrency sector in annual code commits, underscoring its position as the most actively developed project in the space
Source: pnxgrp
According to Electric Capital, ICP ranks as the 3rd largest ecosystem for new developers in 2024. I’ll share all the details in an upcoming roundup. Stay tuned!
Source: developerreport
Here’s the detailed data showcasing the growth of ICP as of December 14th:
- Market Cap (Fully Diluted): +53.4%
- Token Trading Volume (30d): +147.6%
- Fees (30d): +40.7%
- Fees (Annualized): +60.0%
- Revenue (30d): +40.7%
- Revenue (Annualized): +60.0%
- Token Incentives (30d): +64.0%
- Number of ICP Transactions (30d): +16.1%
- Total ICP Burned (30d): +26.3%
- Total Internet Identities (30d): +1.0%
- Unique Transacting Wallets (30d): +42.0%
- Total Transaction Fees (30d): +7.9%
- Number of Neurons (30d): +3.2%
- Cycles Burn Rate (30d): +327.7%
- Total Canister State (30d): +15.0%
These metrics highlight ICP’s impressive growth trajectory across multiple dimensions!
Source: tokenterminal
To conclude this review, it’s worth highlighting that ICP has now reached 141 million tokens locked for 8 years. The 8-Year Gang continues to grow strong!
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