Key Highlights:
- Internet Computer outpaced Solana in weekly throughput, logging an average of 2,323 transactions per second (TPS) compared to Solana’s 1,896 TPS, alongside a single-day peak of 256.5 million transactions.
- On-chain user metrics displayed an uneven recovery, with Daily Active Addresses climbing from roughly 2,800 to a peak of 7,400 on October 21 before stabilizing near 3,500.
- Despite the network processing surge, $ICP continues to face technical downward pressure within a descending channel, with indicators pointing toward a potential test of the $2.30 support level.
Internet Computer Surpasses Solana in Throughput Rankings
Internet Computer has demonstrated notable network throughput, securing a lead over rival Layer-1 networks in processing speed. Over a recent evaluation window, the Internet Computer network registered an average of approximately 2,323 transactions per second (TPS), surpassing Solana’s performance of 1,896 TPS across the identical timeline. According to blockchain analytics platform Chainspect, Internet Computer also recorded its highest activity volume of the quarter, executing 256.5 million transactions within a single 24-hour window at an average velocity of 2,969 TPS.
This milestone reflects an ongoing trend rather than a one-off performance anomaly. Data from Chainspect confirms that Internet Computer had previously outpaced Solana across multiple daily and monthly transaction benchmarks. While these metrics underline the blockchain’s raw capacity and elevated operational activity, transaction counts in isolation do not definitively measure unique active users or the economic value circulating across the ecosystem.
Daily Active Addresses Indicate Uneven Network Participation
Tracking alongside transaction performance, on-chain tracking firm Santiment identified a rebound in Internet Computer’s Daily Active Addresses. Network metrics initially observed an expansion from approximately 2,800 to 3,800 addresses. This momentum surged dramatically on October 21, when active address counts spiked to around 7,400 before settling back down to hover at an average of roughly 3,500.
Although this uptick signals an improvement relative to historical troughs, address participation remains uneven and well below prior cycle peaks. Furthermore, rising address counts do not always translate to distinct human participants or elevated liquidity. For investors and market observers monitoring the native $ICP token, the network’s processing strength has yet to trigger corresponding spot demand.
Technical Indicators: $ICP Remains Bound to a Descending Channel
The gap between high operational output and market valuation continues to weigh on the $ICP token. After failing to defend the $3.50 resistance threshold two weeks prior, $ICP descended into a bearish trajectory that carried the asset to a low of $2.50. Chart analysis reveals the token remains compressed inside a descending channel pattern, reflecting persistent distribution by sellers.
Technical momentum indicators further corroborate this prevailing bearish bias. Data from TradingView illustrates that the Moving Average Convergence Divergence (MACD) has drifted further into negative territory over two consecutive weeks. This indicator alignment demonstrates that market sellers retain dominant control over price action. If selling pressure continues uninterrupted, analysts view $2.30 as the next significant technical support level. Conversely, a verified breakout above the upper boundary of the descending channel is required to signal that downward momentum is beginning to subside.
Why This Matters
The divergence between high transactional capacity and subdued token pricing illustrates a central debate in modern Layer-1 architecture: the distinction between raw computational throughput and genuine economic capture. While Internet Computer consistently demonstrates its ability to rival and surpass high-performance competitors like Solana in pure transaction throughput, technical scaling alone does not automatically create market value. For the network to convert high transaction volumes into sustained capital inflow, the broader ecosystem must generate organic application usage, value transfer, and consistent token demand that outpaces ongoing technical sell-offs.
Frequently Asked Questions
How did Internet Computer’s network performance compare to Solana?
Internet Computer averaged approximately 2,323 TPS over the measured weekly period, outperforming Solana’s 1,896 TPS. Additionally, Internet Computer recorded a quarterly peak of 256.5 million transactions in a single day, maintaining an average rate of 2,969 TPS during that window.
What are the critical price levels to watch for $ICP?
Following a rejection at the $3.50 mark that drove $ICP down to $2.50, the primary downside support level to monitor is $2.30. On the upside, $ICP must break out of its current descending price channel to demonstrate an easing of bearish momentum.
What do the address metrics reveal about network growth?
Metrics tracked by Santiment revealed that Daily Active Addresses recovered from a range between 2,800 and 3,800 up to a temporary peak of 7,400 on October 21, before settling near 3,500. While indicating improved participation, the metric remains erratic and significantly under earlier network highs.
