The Internet Computer network generated more than $645,000 in fees during the latest quarter, giving supporters of ICP fresh evidence that activity across the network is continuing to build.
The figure, sourced from Token Terminal, reflects the amount users and applications spent to use the network. Fees are often watched closely in crypto because they can point to real usage rather than speculative trading alone.
Supporters of ICP argue that the latest figure could be an early sign of what the network may look like if planned upgrades around artificial intelligence and cloud services continue to gain traction.
Part of that optimism centres on Mission 70, a plan backed by DFINITY to cut ICP inflation by 70 per cent by the end of 2026. The proposal aims to lower the amount of new ICP entering circulation while increasing the amount being burned through network activity.
Mission 70 combines supply side changes, such as lower voting rewards and reduced node provider rewards, with demand side efforts linked to AI applications, cloud engines and higher network usage. The target is to reduce inflation from about 9.72 per cent to below 3 per cent by the end of next year.
Backers of the plan believe the current fee base could expand further as AI agents move on chain and Cloud Engines come online. Under the Mission 70 framework, higher usage would lead to more ICP being converted into cycles and burned, creating additional pressure on supply.
At the same time, some members of the ICP community have questioned whether reducing inflation alone will be enough to lift the token over the longer term. Critics argue that stronger adoption, easier onboarding and wider awareness will still be needed if ICP is to attract more developers, users and capital.
Even with those concerns, the latest quarterly fee figure is likely to be seen by supporters as a useful benchmark. If usage continues to rise through AI products, cloud services and new applications, the current $645,000 level may end up being only the starting point for a larger shift in network demand.
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