About Internet Computer

The Internet Computer price is $4.16, a change of -0.31% over the past 24 hours as of 9:12 a.m. The recent price action in Internet Computer left the tokens market capitalization at $1,825,798,361.79. So far this year, Internet Computer has a change of 5.66%. Internet Computer is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS).

ICP is the native cryptocurrency of Internet Protocol, a blockchain-based platform that offers faster and more scalable smart contracts in a unique approach to tapping blockchain to build internet applications that give users more control over their data.

ICP price

Internet Computer features two types of tokens:

  • ICP, its native asset and governance token, which token owners can use to vote on important protocol decisions that affect the entire ecosystem.
  • Cycles, which are created by "burning" ICP. Cycles are used to pay for computational resources on Internet Computer.

Unlike the case with some other cryptocurrencies such as bitcoin, there’s no supply cap on the total number of ICP tokens. Thirty-eight percent of the initial supply went to investors and 62% to the founders and team.

When ICP was launched in May 2021 following five years of development, its price hit its all-time high of $460.84. But the price swiftly tanked by 95% to $34 in June and then went even lower to $28.01 in July 2021. At the time, the Dfinity Foundation, the nonprofit organization that developed the Internet Computer blockchain, told CoinDesk that the drop was likely because the token started trading at the height of a crypto-wide bull run.

For the rest of 2021, ICP's price stabilized. It climbed to a peak of $84.75 in August, but since that time, it traded between $20 and $60 (as of January 2022).

How Internet Computer works

The creators of Internet Computer want to use blockchain technology to decentralize the entire internet, making tech giants less powerful. They are trying to do so, not by building one massive blockchain, but by arranging the blockchain into a set of "subnets" that hold a smaller piece of the blockchain. The team claims to have invented new cryptography called “Chain Key” that ties these separate pieces together in a secure way.

To create decentralized applications on the Internet Computer blockchain, developers run their programs on so-called "canisters," which each have a storage capacity of 4 gigabytes. The canisters are smart contracts, which is software code enabled by blockchains that makes it easier to remove intermediaries from digital interactions. But the storage capacity of canisters is bigger than that of normal smart contracts. Canisters are also supposed to be more performant than other smart contracts, which generally take a lot of computational power to run.

Key events and management

Computer programmer and entrepreneur Dominic Williams is the founder and chief scientist of the Dfinity Foundation, and he has invented many of the technical and cryptographic innovations that are part of the Internet Computer protocol.

Dfinity, which was founded in 2014, has received funding from Andreessen Horowitz, Polychain Capital and Scalar Capital.It introduced an “alpha version” of Internet Computer in December 2020 and launched its first real version of the platform the following May.

Read less...
Sponsor LogoBuy crypto on a secure, trusted platform.
Cryptoassets are highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Latest About Internet Computer

View All
The MIM stablecoin has a $700 million market cap (Abracadabra DAO)
Centralization Comes to DeFi as Group Behind MIM, SPELL Tokens Mull Legal Shakeup

A project leader called for adding lawyers, jurisdictions and trustees for Abracadabra DAO, the entity overseeing Magic Internet Money (MIM) and SPELL tokens.

The MIM stablecoin has a $700 million market cap (Abracadabra DAO)
(Getty Images)
Internet Computer Issues ‘Liquid Bitcoin,’ for Faster, Cheaper BTC Transactions

ckBTC brings layer-2 capabilities to Bitcoin, while also ensuring greater security and decentralization than other BTC-pegged tokens, developers say.

(Getty Images)
The Solana Hacker House in Miami, April 2022.
Solana Wallets Targeted in Latest Multimillion-Dollar Hack

Over 8,000 internet-connected "hot" wallets have been compromised so far, but the source of the attack remains unknown.

The Solana Hacker House in Miami, April 2022.
(Just_Super/Getty Images)
How Web3 Measures Digital Ownership

Web3 and the digital assets that represent it are characterized by open, autonomous and decentralized technologies within internet ecosystems that enable trustless infrastructure and remove intermediaries and central monopolies, CoinDesk Indices' Jodie Gunzberg writes.

(Just_Super/Getty Images)

Internet Computer Market Stats

Market Cap


24H Volume


Max Supply


Total Supply


24H Value Transacted


30D Volatility


24H Transaction Count


24H Average Transaction Fee


"The Hash" tackles today's biggest topics shaping crypto today, including Tron founder Justin Sun stepping in to help Curve Finance after an exploit over the weekend Read more...

Crypto Sectors

Internet Computer (ICP)
is not in the CoinDesk DACS 500.
Of the undefined assets in sector,
Internet Computer
represents undefined% of the Marketcap.
Top assets in Sector
  • Assets
Source: Coindesk DACS monthly update.

CoinDesk Indices

View All
Top Indices including Internet Computer
Index nameTickerWeight24H

Bitcoin Calculator

Last Updated on 08/02/23 9:12 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.

Market Analysis
Social Analysis