[REVISION HISTORY]

Internet Computer (ICP) market and network activity

Updated 8 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-24 23:12 UTC → 2026-10-26 05:03 UTC · added ~~removed~~

The Internet Computer (ICP) cryptocurrency has experienced a period of price growth and high network activity. In late July, the token traded around $2.17, supported by network activity reaching 1,459 transactions per second. By early September, the price surged approximately 12.56% to reach $3.00, bringing its market capitalization to nearly $1.67 billion. This growth was attributed to ecosystem developments, including a pilot partnership with the UN Development Programme (UNDP) and the anticipated MISSION70 upgrade, which aims to reduce annual token inflation by up to 70%. By late September 2026, the ICP token had risen above $3.30, marking a 60.4% increase over nearly two months. This recovery coincided with intense debates regarding blockchain security following a $387.5 million theft from Bitget. ICP CEO Gracy Chen called for THORChain to refuse service to the linked addresses, though THORChain declined based on its protocol design. Meanwhile, DFINITY founder Dominic signaled support for a governance proposal via the Network Nervous System (NNS) to freeze stolen funds. By In mid-October 2026, the token ~~experienced a further surge, recording~~ recorded a 14% daily increase to reach approximately ~~$3.46. This movement followed~~ $3.46 following a breakout from a descending triangle pattern. ~~During this same period,~~ This period saw growing interest from large-scale investors, with long positions accounting for 65% of total open market exposure. Simultaneously, the Internet Computer ~~blockchain, operated by DFINITY,~~ blockchain recorded its first weekly revenue exceeding $85,000, reaching $86,172. ~~While increased revenue indicates growing demand for~~ By late October, the ~~network's computing infrastructure, long-range~~ network reached a weekly low in average transaction fees, dropping to approximately $0.0000652 per transaction. During this time, the Internet Computer surpassed Solana in real-time transaction throughput, averaging approximately 2,323 transactions per second (TPS) compared to Solana’s 1,896 TPS. Despite this technical performance and a peak of 2,969 TPS on its busiest day, the ICP token has faced selling pressure, preventing significant price ~~forecasts remain inconsistent across various projection models.~~ appreciation from these throughput gains.

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