IC

ICON

ICX
Layer 1Rank #93ICON

$139.44

+3.46%24h
+17.50%7d

Market Cap

$8.69B

Volume 24h

$601.25M

Vol / Market Cap

6.92%

Rank

#93

ICX Price Chart

About ICON

ICON is a blockchain network designed for interoperability between blockchains.

ICON is a blockchain network focused on interoperability, enabling communication between different blockchains.

How It Works

An interoperability project that aims to "connect the world." It uses a Blockchain Transmission Protocol (BTP) to allow completely different blockchains to communicate and share data without needing a central middleman.

Use Cases

Blockchain Aggregation: Used for staking and as a payment for connecting different blockchains together so they can share data through a standardized protocol.

Tokenomics

Interoperability Bridge: Used for staking and governance. It uses a "Nexus" system to connect various blockchains, allowing a developer on one chain to use a feature (like a stablecoin) from another chain seamlessly.

Risks & Considerations

Old technology; lacks a modern ecosystem of dApps; primarily used for basic staking and node participation.

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