Internet Computer

Internet Computer is a Layer 1 blockchain designed to function as a sovereign, tamperproof cloud computing network capable of running entire software systems — websites, applications, data, payments, and governance — directly on the protocol rather than on conventional cloud infrastructure. It targets developers and organizations, including those building AI agents and automated systems, who want software that cannot be silently altered by a third-party cloud provider, backend operator, or attacker. The project describes itself as having been built on more than 500 million US dollars in research and development.

Internet Computer runs code and stores data across a network of independent nodes, with the protocol itself replicating and protecting that content so no single party controls it. The ICP token is used to pay for computation on the network, to participate in governance through a staking mechanism, and to reward node operators who provide the underlying hardware. Block finality is effectively instantaneous, with block time recorded at zero minutes in the stored data.

The protocol collected 7,514 US dollars in fees over the most recent 24-hour period, 180,881 US dollars over the trailing 30 days, and 1,992,244 US dollars over the trailing 12 months, with an annualized fee figure of 2,200,718.83 US dollars derived from the trailing 30-day rate. The take rate is recorded at 100 percent over the trailing 30 days, meaning the protocol retains all fees rather than distributing them to a separate supplier side; supply-side revenue for the trailing 30 days is recorded as zero. Fee and revenue growth over the last 30 days both stand at 22.92 percent. The market capitalization divided by annualized revenue is 782.82 at this point in time.