Bitcoin
Bitcoin (BTC)
$95,808.00 0.26735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,826.54 7.30704
Ethereum price
BNB
BNB (BNB)
$731.10 9.79631
BNB price
Solana
Solana (SOL)
$229.96 2.59282
Solana price
XRP
XRP (XRP)
$2.44 -4.5314
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000298 6.4739
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000213 8.41987
Pepe price
Bonk
Bonk (BONK)
$0.0000414 1.29354
Bonk price
dogwifhat
dogwifhat (WIF)
$3.21 2.63005
dogwifhat price
Popcat
Popcat (POPCAT)
$1.36 -1.57156
Popcat price
Bitcoin
Bitcoin (BTC)
$95,808.00 0.26735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,826.54 7.30704
Ethereum price
BNB
BNB (BNB)
$731.10 9.79631
BNB price
Solana
Solana (SOL)
$229.96 2.59282
Solana price
XRP
XRP (XRP)
$2.44 -4.5314
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000298 6.4739
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000213 8.41987
Pepe price
Bonk
Bonk (BONK)
$0.0000414 1.29354
Bonk price
dogwifhat
dogwifhat (WIF)
$3.21 2.63005
dogwifhat price
Popcat
Popcat (POPCAT)
$1.36 -1.57156
Popcat price
Bitcoin
Bitcoin (BTC)
$95,808.00 0.26735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,826.54 7.30704
Ethereum price
BNB
BNB (BNB)
$731.10 9.79631
BNB price
Solana
Solana (SOL)
$229.96 2.59282
Solana price
XRP
XRP (XRP)
$2.44 -4.5314
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000298 6.4739
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000213 8.41987
Pepe price
Bonk
Bonk (BONK)
$0.0000414 1.29354
Bonk price
dogwifhat
dogwifhat (WIF)
$3.21 2.63005
dogwifhat price
Popcat
Popcat (POPCAT)
$1.36 -1.57156
Popcat price
Bitcoin
Bitcoin (BTC)
$95,808.00 0.26735
Bitcoin price
Ethereum
Ethereum (ETH)
$3,826.54 7.30704
Ethereum price
BNB
BNB (BNB)
$731.10 9.79631
BNB price
Solana
Solana (SOL)
$229.96 2.59282
Solana price
XRP
XRP (XRP)
$2.44 -4.5314
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000298 6.4739
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000213 8.41987
Pepe price
Bonk
Bonk (BONK)
$0.0000414 1.29354
Bonk price
dogwifhat
dogwifhat (WIF)
$3.21 2.63005
dogwifhat price
Popcat
Popcat (POPCAT)
$1.36 -1.57156
Popcat price

Internet Computer sees 1,230% surge in cross-chain activity

internet-computer-sees-1230-surge-in-cross-chain-activity
Edited by
News
Internet Computer sees 1,230% surge in cross-chain activity

The DFINITY Foundation, the Swiss-based organization behind the Internet Computer blockchain, has released its 2024 Ecosystem Report, highlighting significant growth in the blockchain’s interoperability technology.

The report notes a 1,230% increase in activity on ICP’s Chain Fusion protocol, a feature that connects smart contracts directly with multiple blockchain networks like Bitcoin (BTC) and Ethereum (ETH), without third-party intermediaries, according to a press release shared with crypto.news.

Internet Computer (ICP) is a blockchain platform for decentralized applications and services. Unlike traditional blockchains, ICP aims to facilitate seamless interaction across different networks.

Its Chain Fusion protocol enables developers to build cross-chain applications by allowing smart contracts to communicate with various blockchains directly. This is an important capability in Web3, where the goal is to create a connected digital ecosystem with minimal reliance on intermediaries.

Report findings on growth and developer interest

According to the report, Chain Fusion’s activity increased by 1,230% in the past year, with a 2,040% rise in messages processed through this interoperability system. 

These gains reflect a broader trend, with ICP’s overall network activity up 150% over the same period and a 30% increase in full-time developers, indicating sustained interest in ICP as a development platform despite an industry-wide slowdown in Web3 hiring.

Bitcoin integration as a key feature

A unique aspect of ICP’s growth is its ability to interact directly with Bitcoin, allowing developers to incorporate Bitcoin’s security and network into decentralized applications without the need for a “bridge,” which can be vulnerable to security risks.

With ICP’s Chain Fusion technology, Bitcoin-based applications can now leverage ICP’s smart contract features. This has led to projects like Rainbow Protocol and Tap Protocol, which enable complex financial applications to operate on Bitcoin.