The blockchain community has seen the rapid growth of technical analytics platforms as users and developers alike demand more transparency and data-driven insights. Chainspect, a blockchain analytics platform founded in 2023, has quickly risen in popularity as a trusted source of unbiased blockchain metrics, boasting over 100,000 users and providing real-time technical insights for some of the most widely used blockchains. Now, Chainspect has added the Internet Computer Protocol (ICP) to its dashboard, expanding its reach and offering more granular data on one of the industry’s most decentralised networks. With the addition of ICP, Chainspect aims to offer a full array of metrics to its users, from transaction speed to governance models, all without paywalls.
The Internet Computer Protocol is an ambitious project that allows developers to build applications without relying on traditional cloud providers or big tech, instead using decentralised, serverless computing. This level of decentralisation appeals to those looking to avoid reliance on centralised providers like AWS or Google Cloud, while offering a framework where applications and services can be entirely community-controlled through decentralised autonomous organisations (DAOs). The integration of ICP onto Chainspect now brings more visibility to its performance, capabilities, and transaction speeds, providing the blockchain world with new levels of transparency.
Chainspect, although relatively new to the analytics space, already tracks over 40 blockchains, from major players like Bitcoin and Ethereum to the emerging contenders like Solana. Originally launched as a tracker for transactions per second (TPS), the platform has expanded rapidly, integrating a variety of performance indicators that allow users to gain a clearer understanding of each blockchain’s strengths and limitations. Real-time metrics like block time, time to finality, and maximum recorded TPS are now available for ICP, alongside existing metrics for other chains. This expanded set of data provides users with independent measurements, offering a clearer picture of how each blockchain performs beyond its marketing claims.
For ICP, which has a unique governance model allowing DAO-driven decisions, Chainspect’s metrics can help users see how its approach to decentralisation impacts its performance compared to other blockchains. Users can view ICP’s governance model, launch date, and even compare its TPS to other chains tracked on the platform, offering the broader blockchain community a new level of insight into the network. Chainspect’s data also showcases how ICP’s transaction speed compares to blockchains known for fast transactions, such as Solana, while providing details on ICP’s innovative approach to governance and decentralisation.
Blockchain adoption continues to grow, but so does the demand for transparency around how these networks operate. Chainspect’s emphasis on providing openly accessible data has resonated with its audience, who appreciate the platform’s independence and lack of affiliations. Unlike some platforms that require subscriptions or are tied to specific projects, Chainspect remains open and free from paywalls, enabling a wider range of users—from developers and analysts to investors and enthusiasts—to benefit from its resources. The platform’s founders, a small team of blockchain enthusiasts who have been part of the space since 2017, designed Chainspect with a clear mission: to bring transparency and reliability to the blockchain community through technical metrics that anyone can access.
While blockchain metrics like TPS, block time, and time to finality may seem abstract to the average user, they hold substantial value for those engaged in the blockchain world. TPS, or transactions per second, is a key indicator of how many transactions a blockchain can handle at any given time, often used as a benchmark for assessing network efficiency. Chainspect’s real-time TPS tracker enables users to observe fluctuations in a blockchain’s performance, while also showing each network’s maximum recorded TPS and maximum theoretical TPS. For a network like ICP, this level of detail helps reveal its capacity to scale and handle decentralised applications without compromising on speed.
Metrics such as block time and time to finality further illuminate a blockchain’s performance. Block time represents the average amount of time it takes for a new block to be added to the chain, a metric that’s particularly important for networks with fast block times like Solana. Time to finality, on the other hand, measures how long it takes for a transaction to be considered irreversible, a critical feature for applications requiring instant finality. Chainspect’s addition of these metrics for ICP offers users valuable information on the network’s processing speed and security, supporting those who are developing or investing in decentralised applications on the ICP platform.
Chainspect has also introduced a unique feature that allows users to compare two blockchains directly, giving a side-by-side view of metrics like TPS, block time, and governance model. This comparison tool simplifies the process of evaluating which blockchain might be better suited for specific applications, highlighting gaps in performance and governance across different networks. With ICP now included, developers and users can easily assess its advantages and potential limitations alongside other chains, providing valuable insight for those deciding where to build decentralised applications.
The Chainspect team is committed to expanding its platform further, as evidenced by its growth from a small TPS tracker to a comprehensive source of blockchain analytics. Within a year, the platform has become a go-to resource for over 100,000 users, many of whom appreciate the platform’s dedication to transparency. Chainspect’s user base reflects a broad mix of developers, investors, and everyday blockchain enthusiasts, all of whom rely on its data-driven approach to make informed decisions about the blockchain world. Recognised by leading crypto media outlets like Investopedia, Forbes, and CoinDesk, Chainspect has earned a reputation for accuracy and independence, offering a clear alternative to platforms with more opaque business models.
For those following the blockchain space, Chainspect’s integration of ICP marks another step towards comprehensive, accessible blockchain analytics. As the team behind Chainspect continues to add new features and metrics, it’s likely that the platform will become even more central to the community’s understanding of blockchain performance. By keeping their data open to all, the Chainspect team hopes to build trust and encourage more responsible, data-driven discussions in a space that has, at times, been marked by sensationalism and hype.
The addition of ICP to Chainspect’s dashboard comes at a time when interest in decentralised applications is growing rapidly. As developers explore new use cases for blockchain technology, platforms like Chainspect help shed light on how different networks handle the demands of decentralised applications, from social media platforms and gaming to finance and e-commerce. Chainspect’s metrics, which are updated in real-time, allow users to monitor ICP’s transaction speeds and block times, offering a granular view of the network’s ability to handle large volumes of activity.
With Chainspect’s continued growth, its founders are optimistic about the platform’s potential to drive transparency and trust in the blockchain industry. By focusing on objective data and a user-friendly interface, Chainspect stands out as a platform committed to bringing blockchain analytics to everyone, regardless of background or technical expertise. The platform’s clear, accessible design allows users to navigate individual chain pages, explore metrics, and compare blockchains without needing to sift through complex data sets, providing a valuable resource for newcomers and experienced users alike.
