Interest in the Internet Computer Protocol (ICP) has reached levels not seen since its launch, with 1,970 “sharks” recorded on the network’s dashboard. That number reflects growing participation in staking, where holders lock up their tokens to support the protocol and potentially earn rewards.
Data from 26 December shows that nearly 240 million ICP tokens are staked in neurons. A large portion of that total is committed for long durations, with more than 150 million set aside by holders who are prepared to wait eight years. Additional meaningful amounts are allocated in the seven‑to‑eight and six‑to‑seven year brackets. These extended commitments may indicate confidence among some participants in the project’s direction.
Staking across shorter timeframes also contributes to the network’s activity. Tokens are placed for between two months and two years, with each tranche adding to the overall lock‑up. While longer stints attract more attention, these shorter commitments play a continuing role in network participation.
Meanwhile, the broader altcoin market showed a mixed performance against Bitcoin over the week. Toncoin (TON) led with a gain of 6.11 per cent versus BTC, followed by ICP up 5.10 per cent and Aptos (APT) up 3.61 per cent. Others such as Algorand (ALGO) and Arbitrum (ARB) also registered modest rises. Some assets, including Aave (AAVE), Polkadot (DOT) and Cardano (ADA), fell over the same period, with Aave dropping more than 13 per cent.
This snapshot underlines the uneven nature of crypto markets where shifts in sentiment and trading can drive performance in different directions.
Supporters of ICP point to the staking figures as evidence of a dedicated community willing to commit tokens for extended periods. Critics might caution that high lock‑up levels can reduce liquidity and leave holders exposed to price risk over time. Both views highlight the trade‑offs inherent in staking models.
As always, market participants will be watching how these staking trends and weekly price movements evolve in the weeks ahead.
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