ICP (Internet Computer) up 20.36% in 24 hours, market capitalization exceeds $2.4 billion

Gate News Bot Message, January 15th, according to CoinMarketCap data, as of press time, ICP (Internet Computer) is trading at $4.40, up 20.36% in the past 24 hours, with a high of $4.80 and a low of $3.08. The 24-hour trading volume reached $803 million. The current market capitalization is approximately $2.41 billion, an increase of $410 million from yesterday.

Internet Computer is a sovereign cloud network with features of tamper-proof, unstoppable, and serverless. The network adopts a cloud architecture that enforces security and resilience through network-wide mechanisms, enabling developers to build and own AI-era self-generating applications and digital services with integrity, sovereignty, and on-chain functionality.

Applications hosted on Internet Computer have tamper-proof security features, making them resistant to traditional network attacks; they also ensure stable operation and data availability at all times. Users can break free from vendor lock-in and run services on the Internet Computer network or on locally deployed ICP chains. The network supports self-generating applications and autonomous financial functions, allowing users to describe application requirements to AI for creation and updates; hosted software can securely hold its own keys, and applications can trustlessly create, store, and manage tokens across multiple blockchains. Internet Computer is developed and maintained by the DFINITY Foundation, dedicated to building an internet cloud that hosts new types of software, supporting any programming language that can compile to Wasm, while DFINITY is also developing a domain-specific language called Motoko.

Recent Important News about ICP:

1️⃣ MISSION70 White Paper Inflation Compression Plan Triggers Market Revaluation
The MISSION70 white paper released by the DFINITY team has become the core driver of this round of price increase. The white paper explicitly proposes a systemic reform plan to reduce ICP inflation rate by at least 70% by the end of 2026. The supply-side reforms include reducing voting rewards, node provider rewards, and limiting the reward pool size, which will decrease the annualized minting rate of ICP from about 9.7% to 5.4%, a reduction of approximately 44%. The remaining roughly 26% inflation reduction will depend on demand-side growth, driven by AI-powered on-chain applications and next-generation cloud engine products to increase network computing utilization. This reform directly addresses the market’s long-term concerns about ICP supply pressure and has re-priced its long-term value.

2️⃣ On-Chain Data Validation Boosts Market Confidence and Actual Usage Rebounds
In the past 24 hours, ICP exchange balances have decreased by over 50%, reflecting a reduction in short-term selling willingness among holders, indicating optimism about future performance. Meanwhile, Internet Computer’s daily transaction volume approached 90 million, setting a new high in over a month, confirming a rebound in real usage demand. These on-chain data suggest that this price rally is not purely driven by sentiment but is accompanied by a substantial increase in network activity.

3️⃣ Ecosystem Applications Enhance Platform Utility
Caffeine application enables on-demand generation of complete applications through natural language interaction, lowering development barriers; OISY Wallet, based on Chain Fusion technology, provides multi-chain wallet services, expanding cross-chain interaction convenience; OpenChat, a fully decentralized communication platform, offers users complete ownership of data and conversations. The expansion of these ecosystem applications enhances the practicality and market appeal of the Internet Computer platform, providing solid support for the growth of network activity.

This message is not investment advice. Investors should be aware of market volatility risks.