Internet Computer Beats Solana and BNB Chain in 30-Day Activity Race

Internet Computer (ICP) led each main blockchain in transaction quantity over the previous 30 days. 

Its quantity reached roughly 6.5 billion on the Chainspect rankings dated May 24. 

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The determine greater than doubled Solana’s count of 2.9 billion. Fogo, BNB Chain, and TRON rounded out the highest 5 on the identical chart. Each community posted beneath 500 million transactions, leaving ICP and Solana alone on the high of the exercise rankings.

This highlights robust community exercise. Internet Computer splits its workload throughout greater than 49 subnets. Each subnet runs an impartial consensus, permitting the chain to scale horizontally as an alternative of by a single execution layer.

Chainspect data reveals ICP has processed 287 billion transactions since its May 2021 launch. The community at the moment processes 2,891 transactions per second, with 10.4 million in the previous hour alone.

Despite the robust community exercise, the worth has confronted headwinds. ICP token surged nearly 49% in early May. However, the altcoin has given up most of its beneficial properties, dropping over 28% since May 9.

At press time, ICP traded at $2.57, down 0.55% over the previous day. The quantity surge factors to community well being, however it has not but sparked a significant worth restoration. Whether the hole closes anytime soon remains an open query.

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