Internet Computer (ICP)

The $ICP balance on exchanges hasn’t increased meaningfully in 2026. Given that ICP is still inflationary, you’d normally expect the exchange balance to keep growing. However, this trend often shifts during bear market years. Here’s why: Voting rewards: The incentive to disburse rewards drops as the price falls. Node provider rewards: Node providers typically sell just enough to cover operating costs. They tend to hold and accumulate the rest, timing their sales more carefully (I’ll share some supporting data on this soon). Community behavior: Many in the community continue to buy ICP and withdraw it from exchanges. M70’s impact: The reduction in node and voting rewards has also played a role in this equation. Overall, all these circumstances can have an effect on the supply on exchanges. During the last bear market year (2022) the ICP supply on exchanges dropped, which is not expected given the current inflationary nature of ICP. Data: @icterminal

Today I have posted an in depth analysis of the tokenomics of $ICP, for the Members of HERO: https://t.co/lLUNvayAi8 Today I will analyze the: - Inflation rate - Supply on Exchanges - Sustainability - Concentration (Top 100, 100, 10 addresses) - Number of profitable addresses - Node/Voting Rewards VS Burn - Effect of M70 on the tokenomics - Usage/adoption/onboarding of institutions etc. & much more! Probably, one of the best videos I have posted in the last few months.

$ICP has been holding this support level on the daily chart and can experience some upside in the coming days. But a breakdown below the indicated support level can trigger further downside. DYOR, NFA #ICP #ICPUSDT https://t.co/BuMyP8z8q8

🔴 NEW MEMBERS VIDEO Cloud engines, sovereign countries, and global trends https://t.co/XE0BxHiv6v $ICP $CLOUD ☁️♾️

$ICP Inflation analysis⬇️ M70 works exceptionally well in conjunction with price appreciation. If price goes up, since Node Providers receive less ICP, the inflation decreases. In this case, it is harder to burn ICP. However, Node provider rewards were reduced while, given the 20% Burn with Cloud Engines, the burn rate should increase over time. For now, that did not yet materialize as: 1) Cloud Engines are not yet operational at a larger scale. 2) The majority of the clients in the pipeline were not yet fully onboarded. I will have some news to share this month on both these points. For now, the main focus is to speed up this process. PS: The main goal of M70 is to "buy some more time" until we onboard more clients. This summer will be a first indication of the direction in which we are heading. Data: @icterminal

The market is all over the place rn. So I think checking the weekly movers in fees is a good signal for which protocols people are still using despite the conditions. Here's a quick summary of this week's top-5 fee gainers and what might be driving them by @tokenterminal ↓ @manifoldxyz | Biggest % move on the list. Likely NFT/creator drop-driven, but I'd treat it as a spike until it repeats. @hyenatrade | Early perps activity, USDe margin, Hyperliquid attention, and rewards likely helping. Interesting, but still feels incentive-driven. @dfinity | ICP fee growth points more toward compute/app usage than trading noise. Structurally interesting, but needs follow-through. @Filecoin | Likely more storage/network activity showing up in fees. Good signal, but still a spike until usage keeps trending. @pendle_fi | Strongest trend candidate imo. Largest 7d fees here, helped by yield trading, new pools, and maturity/rollover activity. Are you using any of these?