key points
Cryptogics and Chainspect both put IC at the top of their list of fastest blockchains by TPS. $ICP users believe that blockchain speed is not the only important feature, but scalability is also important. $ICP token has shown good performance in the past 3 weeks, surging 70% in November
Speed is an important aspect of the new digital economy, and Internet Computer (IC) chains are making a name for themselves in cryptocurrencies, as speed is often a factor for blockchain users looking for a network they can use for everyday transactions. . In recent weeks, the community on social media has grown.
IC Blockchain is a public blockchain network launched in 2021 that is envisioned as “millions of times more powerful and able to replace cloud and traditional IT.” Its native token, ICP, rose to 26th place in the ranking of the world's largest cryptocurrencies by market capitalization.
For the past few weeks, the conversation around ICP has centered around speed. Is this the fastest blockchain in terms of transactions per second (TPS)?
On-chain analysis reveals IC speed
Cryptogics, which provides insights and charts for blockchain projects, reveals in a November 26 ranking that IC Chain is the fastest blockchain “by maximum recorded TPS,” beating out popular networks such as Aptos and Solana. I made it.
Top 15 Fastest Blockchains in Cryptogics by TPS as of November 26, 2024. Cryptogics on X
On-chain analytics platform Chainspect has similar data. As of early Monday, ICP on Chainspect's dashboard leads the fastest blockchain by TPS, with real-time TPS of 1,365 and maximum recorded TPS of 25,621.
Chainspect leads IC among other blockchains and has the fastest speed with TPS. Chain Spect
Touted as a public blockchain with the power of the cloud, Internet Computer is on a mission to replace the world's software with smart contracts that “utilize hundreds of gigabytes of memory and can compute at the full speed of modern CPUs.” I am.
$ICP User is innocent
X crypto users have been debating the fastest blockchain all night long, and for ICP users, there is no doubt that they have chosen the fastest one.
One user pointed out that IC is not only the fastest, but also the most scalable and most unique blockchain “in the entire space” as it allows different types of software to run directly on-chain.
For another IC user, blockchain is “the next leap forward for cryptocurrencies” due to its “full stack” capabilities that allow developers to build any application on-chain and run AI on-chain. .
Another user said that ICP is a perfect example of “true Web3,” allowing users to experience the fastest transaction speeds, AI capabilities, privacy, security, scalability, and cloud on-chain.
$ICP November Performance
The ICP token has performed fairly well over the last month, with a weak first week overshadowed by gains over the next three weeks.
The $ICP token performed quite well in November, recouping losses from the first week of “Moonvember”. coin market cap
The token soared 70% in November, and the altcoin posted a 12% gain in the past 24 hours alone. As of early Monday, the digital asset had a market capitalization of $6.4 billion, which is still far from a top 10 cryptocurrency, but is trending steadily upwards as blockchain users' interest in speed increases. .
