Fully On Chain
This page was created to inform the crypto community about the best tech in blockchain, ICP.
ICP is maintaining it s breakout and holding structure, BTC is on the rise and BTC dominance is looking to break down. See you at the top
Here is a fun fact:
Recent Whale Absorption: Despite lower exchange metrics, on-chain data shows localized bursts of intense buying pressure. "Whale" wallets have recently been stepping in to absorb large blocks of supply, keeping ICP afloat even though daily retail trade velocity remains quiet.
MULTI/DEX is DFINITY's new exchange built on the Internet Computer, and here's what's happened since launch:
How it works
It launched in "Play Mode" (also called "game mode") — a public stress-testing phase where the community trades with $100,000 in dummy assets to simulate real trading conditions (CoinMarketCap) .
After this evaluation period, it's meant to go before the Network Nervous System (NNS) for a vote on permanent, autonomous ex*****on (CoinMarketCap) — meaning it would run without any centralized operator once live.
What sets it apart
It's a fully onchain, multi-chain exchange (Yahoo Finance) — it's designed to natively support assets across chains (SOL, BTC, ETH, ICP) rather than just tokens native to one network.
The core pitch is proving on-chain DeFi can match centralized exchange speed and liquidity — something most DEXs struggle with due to blockchain latency.
The goal is full decentralization via NNS governance vote, rather than being run by a company or foundation indefinitely — an "ownerless order book," as one report put it.
Traction so far
As of July 13, 2026, the dashboard showed $243.2 million in 24-hour volume, $352,061 in lifetime fees, and $2.7 million in total value locked across four seeded pools (Yahoo Finance) , with SOL leading at $85.9 million in daily volume, ahead of BTC at $75.3 million, ETH at $51.5 million, and ICP at $30.5 million (Yahoo Finance) .
For comparison, Robinhood Chain's DEX recorded $563.9 million in real trading the same week (Yahoo Finance) — so MULTI/DEX's numbers, while notable, are still smaller and not yet real capital.
Caveats worth knowing
These figures measure engagement rather than economic demand, since every balance comes from a free play allowance (Yahoo Finance) , and declining volume has accompanied the launch, signaling fading participation despite the initial excitement (Yahoo Finance) .
Critics on DFINITY's own forum have described ICP DeFi as a thin market with years of low volume, and flagged the Google sign-in requirement and missing security headers on the MULTI/DEX site (Yahoo Finance) .
The real test is still ahead: whether play-mode engagement converts into real deposits once DFINITY submits the exchange to the NNS vote (Yahoo Finance) .
So the "unique" angle isn't a novel trading mechanism — it's the decentralization model (governance-voted, ownerless operation) plus multi-chain asset support, all attempting to prove out on infrastructure that's historically been too slow for serious DeFi.
BTC gave birth to Eth gave birth to ICP. Those who understand this know how early we still are. Cheers.
ICP positioned as ~300x cheaper than AWS for data egress, targeting developer adoption (CoinMarketCap)
A U.S. action forcing a centralized AI platform offline triggered roughly $2.87B into decentralized AI tokens, with ICP rising over 6% (CoinMarketCap)
ICP entering June with the highest 30-day transaction volume of any smart contract platform, yet still inside a bearish price channel (KuCoin)
Mission 70 targeting a reduction in annual inflation from ~9.72% to 2.92%–5.42% by year-end (BingX)
Caffeine V3 posting 20% month-over-month subscriber growth, with Claude Code integrated into the platform (KuCoin)
06/03/2026
I here people saying no one is using ICP. That is completely FALSE.....Google Cloud, AWS, Microsoft Azure, Wordpress, Switzerland, Pakistan, Linux now has a WASM compatible version that runs on the I.C., SWIFT, BEEAH, not to mention financial institutions like Ta**us, Copper, and Elliptic. Wtf are yall talking about ???? Lmao
04/18/2026
https://youtu.be/k-svTAW12k0?si=-nYTpWvUcUSca_Jq
Let's Ask Claude (Crypto) 35 likes, 8 comments. "Why Arizona Chose ICP Over Ethereum for Its State Crypto Reserve — Breaking Down the Six Criteria"
03/23/2026
https://youtu.be/Meva1R8aNXo?si=0-1f9zDhZdbn2Kti
What is Internet Computer ICP? Could Internet Computer (ICP) really rebuild the internet from scratch… or was it one of crypto’s biggest failures?In this deep dive, I investigate the rise,...
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08/26/2026