Internet Computer Surges Past Solana in Web3 Transaction Activity

Internet Computer (ICP) has taken the top spot in Web3 transaction activity, surpassing Solana's 123.4 million transactions with 134.5 million in a 24-hour period.

This achievement is significant, but its impact on ICP's price remains uncertain. Despite strong network activity, the token's price continues to trade below $3, reflecting resistance at higher levels.

ICP's daily chart shows a prolonged decline followed by a recovery from the $2.00, $2.20 support region, with price forming higher lows inside an ascending structure.

The rebound carried ICP price toward the $2.80, $3.00 area but was rejected near the broader $3.20, $3.40 resistance zone, bringing the token closer to the marked support area around $2.20, $2.40.