Internet Computer ranks second globally for on-chain activity

The Internet Computer has climbed to second place among blockchain networks for on-chain activity, processing 133 million transactions over the past 24 hours, according to real-time data from Chainspect.

The figures place ICP behind only one network globally, with Chainspect reporting an average throughput of 1,538 transactions per second and instant transaction finality.

The data suggests that activity on the Internet Computer has remained elevated, with transaction volumes placing it ahead of several established blockchain networks, including BNB and TRON, on this measure.

Chainspect tracks blockchain activity across multiple networks and provides live data on transaction throughput, finality and network performance. Throughput figures represent the number of transactions processed each second, while finality refers to the point at which transactions become irreversible on the network.

Supporters of the Internet Computer have pointed to the latest figures as evidence of growing network usage and increasing demand for applications running directly on-chain.

The milestone comes as developers prepare for the launch of cloud engines designed for artificial intelligence workloads, which are expected to expand the network’s computing capabilities for AI-related applications.

Internet Computer has increasingly focused on AI infrastructure, decentralised applications and on-chain computation as part of its broader development strategy. The network is designed to host applications and services directly through canisters, allowing both backend logic and frontend interfaces to operate on-chain.

While high transaction activity can indicate strong network usage, analysts generally view throughput and transaction counts as only one measure of blockchain adoption. Developer activity, user growth, application usage and economic activity on the network are also important indicators when assessing long-term performance.

The latest Chainspect data nevertheless places ICP among the most active blockchain networks globally at a time when competition among layer-1 networks continues to intensify.

With AI infrastructure becoming a major area of investment across the technology sector, the upcoming cloud engine rollout is likely to be closely watched by developers and investors interested in decentralised computing and AI-focused applications.

For now, the Internet Computer’s position near the top of the Chainspect rankings points to a period of unusually high network activity and renewed attention on its technical performance.