Dominic Williams defends Internet Computer network after criticism of ICP token

Internet Computer founder Dominic Williams has defended the network’s real-world applications after an X user questioned its current use cases and declining token price.

The exchange began when an X user questioned who was still using the Internet Computer (ICP) blockchain, recalling the excitement surrounding the project five years ago and its reported all-time high of around US$750 per token.

The user said ICP was trading at around US$2.34 and questioned whether the network had established a clear use case, asking other users whether they still held the cryptocurrency and what they thought of its prospects.

Williams responded sharply, telling the user they were “uneducated” about the network’s development and current activity.

He argued that the Internet Computer was being used by sovereign technology projects and as infrastructure for agentic artificial intelligence applications.

Williams pointed to Caffeine.ai as an example, claiming the platform was building tens of thousands of fully on-chain applications on the network.

He also described the Internet Computer as the only network to have achieved mainstream usage and moved beyond what he called the “crypto casino”.

The exchange highlights an ongoing debate within the cryptocurrency sector over how blockchain projects demonstrate practical adoption beyond token prices and market speculation.

While Williams pointed to application development and infrastructure use as evidence of the network’s activity, his claims about mainstream usage and the scale of applications being built were not independently established in the exchange.

The discussion also reflects the contrast between ICP’s early market enthusiasm and the questions investors continue to raise about its long-term utility, adoption and token performance.