Internet Computer tops Solana at 2323 TPS: Why is ICP still falling?
Internet Computer (ICP) surpassed Solana (SOL) in transaction volume, averaging 2,323 TPS compared to Solana's 1,896 TPS. ICP processed 308 billion transactions, while Solana had 133 billion. Despite increased network activity, ICP's price fell to $2.50, with bearish momentum indicated by the MACD. Daily Active Addresses rebounded but remained uneven.
How this was made
The 30-second read
Why it matters
Both tokens show strong network usage but weak price action, suggesting a disconnect between on‑chain activity and market demand.
Market read
Limited to crypto traders; no broader equity market impact.
What to watch
Potential upcoming upgrades or ecosystem developments not covered in the article.
Background
The piece analyzes recent transaction metrics from Chainspect and address activity from Santiment, focusing on ICP and Solana.
Ticker impact
Article reports ICP transaction throughput leading Solana but notes continued price decline and selling pressure.
likely pressure as sellers dominate despite throughput gains
Technical indicators (descending channel, MACD) and lack of demand suggest continued bearish bias.
Article compares Solana's transaction volume to ICP, highlighting Solana's lower TPS and similar price weakness.
potential slight pressure or sideways movement
No specific positive or negative news for SOL; only a comparative mention.
Market effects
Highlights ongoing network activity competition in the blockchain layer‑1 sector.
Limited to crypto markets; no broader regional effect.
Minor, as the story does not affect major market indices.
Counterpoint
Higher throughput could eventually attract institutional interest, setting up a longer‑term upside.
Key entities
- blockchainInternet Computer
Layer‑1 protocol with rising TPS but declining token price.
- blockchainSolana
Competing layer‑1 protocol lagging behind ICP in TPS.
