Internet Computer (ICP) showed higher network activity than Solana (SOL) in a brief Oct. 25 comparison, but the one-hour reading does not establish demand for ICP or a change in its supply.
The comparison was timestamped at 8:52 p.m. ET Sunday (12:52 a.m. UTC Monday). Internet Computer's reported rate was 2,619 transactions per second, while Solana's was 2,045. Failed transactions counted alongside successful ones; internal and system operations were omitted. The two networks may apply different transaction definitions, and the snapshot gave no count of distinct users.
The one-hour window describes activity during that period, rather than a longer-term shift in network use. It does not show whether that pace was typical or continued afterward.
That distinction matters because users can interact with Internet Computer apps without buying ICP at the point of use. The apps pay for computing and storage through cycles, a resource unit used on the network. A user can access an app without buying ICP themselves if its developer has already supplied the canister’s cycles. EconoTimes previously described this arrangement in its explanation of cycle payments for Internet Computer apps. The hour's transaction tally therefore does not show whether users bought ICP during that period.
ICP is burned when converted into cycles, which canisters consume; spent cycles cannot be turned back into ICP. Rewards add ICP for node providers and governance participants, while converting ICP into cycles removes it. Their net effect depends on the amounts involved.
Nothing in the hourly reading establishes how much ICP entered cycles or how many tokens were burned or issued, leaving the net supply effect unknown. The snapshot also does not explain any move in ICP's price.
