According to Cointelegraph, Internet Computer community members transferred about $80 million worth of Internet Computer (ICP) tokens. This is believed to have helped decentralise protocols in the ecosystem last year.
It is believed that DFINITY shared about $6.25 million in ecosystem grants to around 239 projects across 41 countries in 2023 to support the growth of the ICP ecosystem. Reportedly, the network usage on ICP increased by 121% year-over-year, added Cointelegraph.
“The success of the SNS framework has been a win for decentralised governance worldwide, through its innovative tech stack and multiple network integrations,” Lomesh Dutta, vice president of growth, DFINITY, explained.
It is believed that ICP prices increased by about 50% since the announcement and reached a two-year high of about $20 on March 26, as per insights from CoinGecko. Furthermore, the asset were about 97% from $700, which was in May 2021, concluded Cointelegraph.
(With insights from Cointelegraph)