Gmgmgmgm Square Fam!
Welcome to the 89th episode of The #ICP Pulse Season 2, your daily dose of all things on ICP.
Without further ado, Let's get into today's episode🚀
1️⃣ $ICP Price action
![](https://public.bnbstatic.com/static/content/square/images/f649bc2f614f474ab466df04b5f34e30.png)
Very interesting, as we are forming a double bottom as we speak, which is incredibly bullish to me.
considering the choppy action, its also indicating that an explosion is already underway.
AI on the IC, Chain Fusion, SNS Projects that are cooking harder and the milestone based approach is making the IC more mainstream than ever.4
You can't even imagine on what's next
Be prepared, anon🫵
As always, NFA so DYOR :)
Now we head to,
2️⃣Onchain Stats
🟪Internet Identity Stats
![](https://public.bnbstatic.com/image/pgc/202408/2ae5712dce8d9caa27151b1cb2cb2127.png)
Today, although there is a drop on the new Identity count, the IC was able to onboard around 276 entities within the last 24 hours.
🟪Canister Stats
![](https://public.bnbstatic.com/image/pgc/202408/2ae3b86d4e620b16601238ce8b979c67.png)
Interestingly, Devs on the IC collectively fueled up a staggering 780 canisters on the IC, as they cook harder to make the most robust infrastructure on the industry, a better place for its users.
Btw, if you are new here, canisters are the native smart contracts on the IC, which are tamperproof and secured by threshold ECDSA cryptography.
[btw, don't mind these buzzwords🙂]
🟪Burned ICP Stats
![](https://public.bnbstatic.com/image/pgc/202408/8ed0e75504f6cf062fd2571e58e95919.png)
Today, there was sudden spike on the ICP burning process, which was resulted by burning 677 ICP within a single day🤯
Likely this was due to the new canisters that were activated today, as we discussed previously.
Although each TX on the IC burns a small portion of the ICP transacted, that is negligible considering the scalability of the blockchain., and most of these burns occur due to the conversion of ICP into cycles, which is similar to fuel that are used to power up canister smart contracts, so users have gasless user experience.
🟪Neurons Stats
![](https://public.bnbstatic.com/image/pgc/202408/4461581e61aea989d058e86e9583674c.png)
Neurons continue to soar, as the total count nears 307.8K.
Today, around 311 neurons were fueled up by ICPeople across the globe to help secure the consensus algorithm of the IC, Proof Of Useful Work.
3️⃣NFT Stats
Source: Toniq, Bioniq and Yuku
1️⃣Motoko Ghosts -->🔺34 ICP
2️⃣BTC Flower --> 49 ICP
3️⃣ETH Flower --> 12.9 ICP
4️⃣Pythagoras by icircle_nft--> 0.85 ICP
5️⃣Poked Bots by pokedstudiouk --> 9.99 ICP
6️⃣Infinity Canister by Bitfinity --> 24 ICP
🆕7️⃣Motoko Sentinels--> 0.00108 ckBTC
8️⃣Cubetopia Islands --> 14 ICP
9️⃣Modernistic Villas by Rentspaceco --> 3.5 ICP
🔟ICP flower --> 12.55 ICP
4️⃣Gainers and Losers
Source: ICPcoins
🟣Gainers
➡️Sonic--> 0.0596 USD @ 3.4M USD Marketcap (🔺10.4%)
➡️Dragginz--> 0.0029 USD @ 9.7M USD Marketcap (🔺7.5%)
➡️Motoko--> 102.89 USD @ 720K USD Marketcap (🔺6.2%)
🟣Losers
➡️Tendy--> 0.3407 USD @ 29K USD Marketcap (🔻4%)
5️⃣Inside the ICVerse🧑🚀
🟪 1 Voting Proposal in the NNS.
🟪 1 Voting Proposal in the YRAL SNS.
🟪 1 Voting Proposal in the GoldDAO SNS.
🟪TVL on NNS: 1.709 Billion USD [🔺1.36%]
🟪DFINITY announced,
➡️ The Deuterium Milestone, backed by Chain Fusion has been completed, allowing Onchain Bitcoin block headers and Threshold schnorr signing of taproot assets on the Internet Computer.
➡️A huge shoutout to the Pokedbots
➡️An explanation on how HTTP certifications work on the IC.
So, Here I wrap up for the day😇
Hats off for staying this far🫡
Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially our #CryptoMarketMoves Fam :)
I'll see ya tomorrow with your daily recap on ICP🫡
until then, take care!