Foreign media reports that Internet Computer (ICP) has recently returned to the market spotlight due to activity data on its network. The article mentions that the network has processed approximately 288 billion transactions since its token creation, surpassing Solana, Hedera, Stellar, TRON, and BNB Chain in total transaction volume, thus reigniting market discussion surrounding ICP.
Cumulative trading volume rises to the top
The article cites data circulating in the crypto market, stating that Internet Computer is currently one of the most active blockchain networks in terms of cumulative transaction count. For comparison, Solana has approximately 111 billion transactions, Hedera approximately 71.2 billion, and Stellar approximately 23.1 billion.
- TRON Approximately 14.2 billion transactions
- BNB Chain has approximately 13 billion transactions.
- Internet Computer: Approximately 288 billion transactions
The article argues that this ranking has garnered attention because Internet Computers (ICPs) have not been a mainstay of the market in this cycle. Over the past year, market focus has been more on Ethereum Layer 2, Solana ecosystem meme coins, and AI tokens, leaving ICPs on the periphery for an extended period.
Prices return to key range
The article states that ICP has recently climbed back above the $3 mark and returned to above its short-term moving average. For the previous few months, the price had mostly consolidated within the $2.20 to $2.80 range, and the market is currently focused on whether it can break through the resistance level around $3.20 to $3.40.
If the price holds above this range, the article suggests the market may continue to watch the $4 level and potentially the $5 to $5.50 area. If the price falls back below the breakout range, short-term support may be seen around $2.70.
Trading data drives sentiment recovery
The article argues that the crypto market doesn't react immediately to fundamental changes, but market sentiment tends to shift more quickly when on-chain data and price structures improve simultaneously. Historically, ICP has faced criticism primarily due to significant price drops after launch, while supporters argue that network usage and ecosystem development are still progressing.
Against this backdrop, cumulative trading volume data is seen by some market participants as a new narrative catalyst. Foreign media believe that Internet Computer has re-entered investors' attention, but whether the price can achieve a more sustained recovery still depends on whether subsequent buying continues.
