Dec. 23th – 29th 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, 52,190 ICP were burned, marking the second largest weekly burns since Genesis. This represents a substantial increase from the previous week, when 42,579 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 $557.1K 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 $20 billion.
Source: tokenterminal
Additionally, ICP has emerged as the leading Layer 1 blockchain (with a market cap under $20 billion) in terms of daily revenue generation on all the seven days of the previous week
Last week, ICP was recognized by the Phoenix Group as a top 10 performer in social activity across key narratives, including RWA, NFTs, and DEPIN.
Source: pnxgrp
Recent data indicates that ICP leads the cryptocurrency sector in yearly code commits, underscoring its position as the most actively developed project in the space.
Source: pnxgrp
Furthermore, this year, ICP has emerged as one of the top-performing blockchains in terms of Total Value Locked (TVL) growth, achieving an impressive 1604% increase.
Source: pnxgrp
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!
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