Internet Computer

Internet Computer is a layer-1 blockchain that positions itself as a sovereign, tamperproof cloud infrastructure designed to run entire software systems — websites, applications, data, payments, and governance — directly on a decentralised network. The project targets developers building AI agents and organisations that want compute infrastructure that cannot be altered by a cloud provider or backend operator. Its native token is ICP.

The network runs code inside replicated nodes, with the protocol enforcing that data and logic cannot be silently changed, giving hosted applications properties more like on-chain smart contracts than traditional cloud deployments. ICP tokens are used to pay for computation on the network, to participate in governance, and can be staked inside the protocol's governance system. Block time is recorded at effectively zero minutes, reflecting the network's sub-second finality design.

The protocol collected 5,135 USD in fees over the most recent 24-hour period and 143,894 USD over the trailing 30 days, annualising to roughly 1,750,710 USD based on that 30-day window; actual trailing-12-month fees were 1,975,130 USD. The protocol retained approximately 65.2 percent of gross fees as protocol revenue over the trailing 30 days, with the remaining share going to the supply side, which received 50,054 USD over that period. Revenue grew 272.7 percent over the trailing 30 days while fee growth over the same window was 7.34 percent, meaning the take-rate shift accounts for much of the revenue increase. Market capitalisation stood at 1,335,012,858 USD against annualised fees of roughly 1,750,710 USD, producing a market-cap-to-fees ratio of approximately 762.6.