Gmgmgmgm Square Fam!
Welcome to the 64th episode of The #ICP Pulse Season 3, your daily dose of all things on ICP.
This is your weekly recap🙂
But, before we start...
I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing.
This will help me provide you with more quality information, thank you🫶
Now, without further ado, Let's get into today's episode🚀
1️⃣ $ICP Price action
Hmm, this week is an obvious bottom-out and looks ready to run.
In terms of the weekly chart, these are the numbers that have got my eyes on 👀
Resistance: 11.3 - 11.8 USD
Support: 10.7 -11.1 USD
Other Conditions: Middle to high volumes within the first 2-3 days of next week.
To further confirm the scenario, let's look into the Open Interest chart from Coinglass.
Very nice, both of the indices have little to no gaps, indicating that the deleveraging process is complete for now, which further strengthens the above scenario.
Now, we wait🫡
As always, Not Financial Advice, So DYOR 🔮
Now we head to,
2️⃣Onchain Stats
Sources: IC Dashboard, ICTerminal and @Token Terminal
🟪Internet Identity Stats
Within the past 7 days, the IC was able to absorb a staggering 5.1K entities into the ecosystem.
It's very nice to see such growth even middle of the festive season👏
🟪Burned ICP Stats
An impressive ladder-type approach.
The ICP community along with the devs were able to burn 46.3K ICP worth 505K USD [half a million dollars🤯]within the week.
That's mindblowing👀
🟪Canister Stats
Bringing up this metric after some time, thanks to the parabolic increase of canisters this week.
In case you are new here, canisters are the native smart contracts on the Internet Computer.
Within the week, the developer collective was able to activate a staggering 6.1K new canisters for the dev activity.
Kudos👏
🟪Mcap vs Fees [Weekly]
So, according to this chart from Token Terminal, the IC had a pretty stable marketcap and revenue generation during the festive season.
While the marketcap ranged between 5.2B -5.7B USD, revenue generated by the protocol sat at around 490.7K USD
🟪Number of New Addresses
This week was a historic day for the IC according to this chart from icterminal.
Within the week, around 14.5K new addresses were activated on the mainnnet, while reaching an ATH.
3️⃣NFT Stats
Sources: toniqMarket, bioniqMarket and yukuapp
1️⃣Motoko Ghosts --> 🔺25 ICP
2️⃣BTC Flower --> 🔻30 ICP
3️⃣ETH Flower --> 🔻7.1 ICP
4️⃣icbucks by Egidoval--> 🔺1.19 ICP
5️⃣Poked Bots by pokedstudiouk --> 6.7 ICP
6️⃣ Goated Gamer by The_Swop --> 2K sats ckBTC
7️⃣Motoko Sentinels--> 0.00052 ckBTC
8️⃣Cubetopia Islands --> 🔻8.99 ICP
9️⃣Distrikt PODs --> 2.48 ICP
🔟ICP flower --> 🔻7 ICP
4️⃣Gainers and Losers
Source: ICPcoins and ICPTokens
Note: weekly recap, indicates weekly gains
🟣Gainers
➡️windoge98 --> 0.994 USD @ 9.7M USD Marketcap (🔺58.36%)
➡️Elna_DeAi --> 0.0316 USD @ 7.9M USD Marketcap (🔺51.75%)
➡️Querio --> 0.0882 USD @ 288K USD Marketcap (🔺35.78%)
🟣Losers
➡️cryptocloudsicp --> 0.00313 USD @ 1.2M USD Marketcap (🔻43.7%)
➡️OpenFPL --> 0.00802 USD @ 806K USD Marketcap (🔻31.9%)
➡️Taggr --> 2.05 USD @ 644K USD Marketcap (🔻22.3%)
5️⃣Inside the ICVerse🧑🚀
🟪0 Voting Proposals in the NNS.
🟪4 Voting Proposals in the Openchat SNS.
🟪2 Voting Proposals in the BoomDAO SNS.
🟪1 Voting Proposal each in the Sonic and GOLD DAO SNSs.
🟪TVL on NNS: 2.585 Billion USD
🟪TVL on ICP DeFi By DefiLlama: 49.87M USD
🟪ICTO SNS Swap is live [Ends in 8 days, 12 hours]
ICTO aims to allow the automation of tasks related to tokenomics.
➡️Minimum commitment: 1 ICP
➡️Maximum commitment: 20K ICP
➡️Overall commitment [including Neurons Fund]: 35.2K ICP
➡️Minimum direct commitment to complete the swap: 40K ICP
➡️Total supply: 1B ICTO
➡️Supply allocated to the Swap: 250M ICTO
🟣Participants of the swap will receive 5 equal value neurons, each with a dissolve delay of 0,3,6,9 and 12 months respectively
🟪Canistore SNS Swap is live [Ends in 11 days, 7 hours]
CANI is an ecosystem of dapps and services to revolutionize the creator economy.
➡️Minimum commitment: 1 ICP
➡️Maximum commitment: 20K ICP
➡️Overall commitment [including Neurons Fund]: 7.3K ICP
➡️Minimum direct commitment to complete the swap: 50K ICP
➡️Total supply: 1B CANI
➡️Supply allocated to the Swap: 200M CANI
🟣Participants of the swap will receive 4 equal value neurons, each with a dissolve delay of 0,6,12 and 18 months respectively
NFA SO DYOR 🤝
🟪Updates from the DFINITY Foundation🔮
➡️The Foundation is all set for Web3 Davos with CV_Labs in Switzerland.
➡️A huge shoutout to DecideAI's Jeshli for deploying Python-based Artificial Intelligence models on ICP.
➡️The foundation's Bug bounty program is officially live on HackenProof
6️⃣Updates from the ICP ecosystem
➡️ icp_cc to conduct the public DAO meeting on the 9th of January
➡️yukuapp to conduct an AMA session with herbertyang, head of DFINITY APAC today at 20:00 Beijing time.
➡️GoldDAO publishes the portal for their long-awaited product, GLDT
➡️BoomDAO announces plans to make their governance token deflationary this year.
➡️RuBaRu_app to ship a credits system to their product.
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 to our #BIOOnBinance fam.
Now go unplug those wallets, and revoke your permissions as we meet the weekend 🥳
I'll see ya next week with your daily dose on ICP🫡
Until then, Take care👋
