Internet Computer (ICP) rose 11.24% to $2.94 on Wednesday, moving alongside Worldcoin and FET as investors shifted into AI-focused blockchain projects. A Goldman Sachs report predicts that AI agent token usage will grow 24-fold by 2030, highlighting Internet Computer, NEAR, and HBAR as protocols built for autonomous transactions and fully on-chain AI applications.
Upcoming IPOs from top AI companies OpenAI, Anthropic, and SpaceX are adding momentum to this trend. Internet Computer is benefiting from both the AI and crypto narratives and is currently ranked #47 by market cap as more buyers enter the market.
ICP Outpaces Solana in TPS, BNB Chain in 30-Day Transaction Volume
According to ChainSpect’s real-time tracker, Internet Computer averaged 2,554 transactions per second over the past week, more than double Solana’s 1,153. The network has processed over 287 billion mainnet transactions and maintained continuous uptime as more enterprise applications move to decentralized cloud environments. Over the last 30 days, ICP surpassed both Solana and BNB Chain in total transaction volume, recording 6.5 billion transactions.
Developer activity is keeping pace with these high-throughput numbers. Santiment’s GitHub rankings show Internet Computer in fourth place over the past 30 days, just behind MetaMask, Hedera, and Chainlink. Sui ranked seventh and Polkadot eighth. HBAR, LINK, ICP, and DOT are among the top projects for development, while Aptos was the only top-10 project to see a drop in activity.
However, according to Token Terminal, ICP earned $3.6 million in protocol revenue over the past year, which is just 0.1% of the $5.2 billion generated by all L1 blockchains. This puts ICP in ninth place, behind Tron ($3.2B), Ethereum ($130.8M), Solana ($39.7M), BNB Chain ($22.5M), Polygon ($10.7M), and Avalanche ($7.0M). This shows that high transaction throughput does not always mean high fee revenue.
Internet Computer Price Faces Resistance at $3.09
Ten daily moving averages, from the 10-period to the 100-period, are all signaling a buy, and the price has stayed above each one during the session. This pattern suggests steady buying over different timeframes, with sellers unable to push the price below short-term support.
The 200-period moving averages tell a different story. Both the EMA(200) at $3.087 and the SMA(200) at $3.034 are signaling a sell. Together, they create a resistance zone between $3.03 and $3.09, a level the ICP price has not yet broken through. This is where long-term resistance meets a market that is still recovering.
A 1-week gain of 19.35% and a 1-month return of 20.47% show that buying has been building over time, not just in today’s trading. As of now, the Internet Computer price is up 4.02% year-to-date, but it is still down 26.96% over six months, 43.58% over one year, and 97.94% from its all-time high, highlighting that a recovery is still needed.
For ICP to maintain its current setup, it needs to close above $3.09 with strong trading volume. If not, the 200-period moving averages will act as resistance. Future price predictions depend on whether the AI trend continues and if the project can address its revenue gap, even though its on-chain fundamentals are solid.
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