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, 42,579 ICP were burned, marking the second largest weekly burns since Genesis. This represents a substantial increase from the previous week, when 30,670 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 $475.3K in fees, marking the second-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 the top-performing Layer 1 protocol 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 16th, 17th and 20th of December.
Source: tokenterminal
Last week, ICP was recognized by the Phoenix Group as a top 10 performer in social activity across key narratives, including DAOs, NFTs, and DEPIN.
Source: pnxgrp
Recent data indicates that ICP leads the cryptocurrency sector in monthly and quarterly code commits, underscoring its position as the most actively developed project in the space.
Moreover, data from multiple sources confirms that ICP is the fastest, most cost-efficient, secure, and eco-friendly blockchain in the industry.
Source: Crypto Valley
Next week, I’ll be sharing the weekly, monthly, quarterly, and yearly ICP roundup! As always, the spotlight will be on data-driven insights and key highlights. Stay tuned for a comprehensive breakdown of the latest trends and milestones!
If you want to support us
Please subscribe to the channel.
Follow me on X.
Join us in Open Chat
1) If you do not have an OC profile
2) If you have an OC profile
Leave a Reply