A fresh burst of altcoin momentum swept across the market today, and Internet Computer (ICP) stood out among the strongest performers. The token climbed more than 15% in 24 hours as its Chain Fusion upgrade gained traction, boosting inflows and sparking renewed attention on its cross-chain capabilities.
The upgrade allows smart contracts on the Internet Computer to directly interact with Bitcoin, removing the need for intermediaries and unlocking new possibilities for decentralised finance. This native integration of Bitcoin into ICP’s ecosystem, through ckBTC, is one of the few real-world examples of trustless Bitcoin DeFi in action.
Data from June showed ckBTC inflows rising by 37%, accompanied by a 62% jump in daily trading volume to $301 million. Developers say the growing adoption of Chain Fusion marks a turning point for the network, expanding its role beyond Web3 infrastructure into a full-fledged DeFi participant.
The Internet Computer, developed by the DFINITY Foundation, continues to position itself as a decentralised cloud platform that can host complete web services entirely on-chain — from social applications and wallets to AI-powered systems and enterprise tools. The network’s native Bitcoin connectivity is seen by analysts as a strong differentiator in a crowded blockchain landscape, where most protocols still rely on wrapped assets or bridges to access Bitcoin liquidity.
While short-term traders are capitalising on the price action, long-term holders view this momentum as a validation of ICP’s technology-first approach. By enabling smart contracts to hold and transfer Bitcoin directly, the Internet Computer offers a practical path for developers who want to build Bitcoin-native DeFi protocols with full security and transparency.
The wider altcoin market also saw heavy movement, with ZKsync and Dash rallying on their own catalysts. ZKsync’s Atlas upgrade drew institutional interest after public endorsement from Ethereum co-founder Vitalik Buterin, while Dash benefited from renewed attention on privacy-focused networks amid global debates over financial surveillance.
Still, ICP’s gains stood out for their technical depth rather than market sentiment. The upgrade reinforces the project’s long-term ambition to merge the worlds of Web3, AI, and DeFi through a fully decentralised internet infrastructure.
As Bitcoin DeFi emerges as a key theme in the next phase of crypto development, the Internet Computer’s progress could position it as one of the few networks bridging traditional crypto assets with on-chain functionality — without relying on third parties or custodial bridges.
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🧠 ICP Principal: ins6i-d53ug-zxmgh-qvum3-r3pvl-ufcvu-bdyon-ovzdy-d26k3-lgq2v-3qe
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