TVL and fees don’t correlate. ICP was not meant to be a DeFi chain. DeFi currently being built. ICP is a compute focused and competes with AWS, Google etc.
ICPs actual TVL is over 2.5 billion - these are people staking ICP though for an X amount of APY. Currently 14% is the highest you can get.
Fees are paid by devs. Users use apps for free (reverse gas) so it’s easy to onboard. To build on ICP you need to burn ICP which converts it to cycles and that’s the “gas” that powers ICP smart contracts. The reason why fees are going up is because there’s a lot of onchain activity on ICP since everything is done onchain.
It costs 0.0001 per transaction on ICP.
ETH WILL GO ABOVE $12,000 THIS
CYCLE
➺ BLACKROCK IS BUYING CONSISTENTLY
➺ DONALD TRUMP IS SELLING BTC TO BUY ETH
➺ STAKING FEATURE IN ETF ETFs WILL BE APPROVED SOON
➺ SUPPLY IS GOING DOWN AND NOW AT 7-YR LOW
BE PREPARED FOR THE MOST HATED RALLY OF THIS CYCLE
The $ALICE and $BOB DeFi AI Puzzle: Speculation, Gratitude, and the Dfinity Masterstroke?
The blockchain ecosystem thrives on speculation, opinion, and a healthy dose of “what if”. Enter the curious case of $ALICE, $BOB, and Dfinity’s apparent abstention from the Social Nervous System (SNS) launch. Was this abstention a deliberate move to let $ALICE DAO shine, or an experiment in “fail-to-succeed” philosophy? Let’s unpack this tantalizing narrative that seems to bridge innovation, automation, and decentralization.
A thread.👇🏼