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ICP not too long ago launched a report back to summarize its yearly progress. The report overviewed the multi-chain options, expansive market progress, partnerships, and new tasks for ICP.
Whereas 2023 was a brutal 12 months for the crypto market, ICP nonetheless ended the 12 months with a 30% enhance in developer progress. General cycle burn price, the metric used to focus on the financial worth created by the Web Pc, additionally favored ICP.
The typical every day burned cycles surged all year long, with the burn price set to triple in 2024. Equally, the community witnessed a 67% surge in node suppliers. The variety of nations with node machines has gone from 9 to 22 for ICP.
As for its tokenomics, the community skilled a continuing influx of staked ICP at a mean of 1.7 million per 30 days. Buying and selling for ICP additionally went up, partly due to the liquidity program the community launched. In addition to this, ICP additionally added 7 new exchanges, 3 custody platforms, and 10 pockets integrations.
When it comes to ICP’s market efficiency, the coin gained a whopping 145.90% worth up to now 12 months. At the moment, ICP is buying and selling at 13.34 {dollars}, up 0.85% up to now 24 hours. The coin has gained 12.57% worth up to now 7 days, and primarily based on the most recent ICP crypto worth prediction, the coin can attain the 17-dollar mark within the coming years.
The community didn’t lack in advertising and marketing efforts both, because it centered on occasions, PR, and media. ICP.Hubs popped up in 4 areas in the course of the 2023 Q3. Now, the hubs span throughout 19 areas with a worldwide attain.
The SNS (Service Nervous System) DAO framework growth additionally performed a giant function in ICP’s progress. The 12 months ended with ICP launching 12 SNS DAOs, with two extra launching within the New Yr.
ICP has a number of upgrades, equivalent to EVM RPC, decentralized boundary nodes, libraries for certification, threshold Schnorr, and so forth., lined up for the 12 months. With extra tasks turning to ICP for preliminary progress, the community is predicted to get even larger in 2024.
