ICP Hits Record Revenue as Whalio Data Shows Mixed Spot Flow
Internet Computer (ICP)
Editor:
Eugene Serbin
bsc.news reports that Internet Computer ($ICP) set a new seven-day on-chain revenue record of $96,924, surpassing the $95,000 mark for the first time. The network also achieved a monthly revenue milestone of $360,000 in October 2026, with telemetry showing an instant 2.45% jump in revenue at the time of the reading. This weekly figure builds on a broader upward trend, suggesting that activity on the network is accelerating rather than plateauing.
The network generates protocol revenue when developers convert ICP into cycles to pay for computation and storage, with those tokens subsequently burned. This reverse-gas model means revenue is a direct reflection of real application usage, not speculative trading volume. The milestone arrives alongside a broader economic model update where the DFINITY Foundation allocates 80% of cloud engine revenue to nodes.
The remaining 20% is used for ICP token burns, a change designed to align node rewards with business revenue and enhance token value capture. According to Token Terminal data, the network earned $3.6 million in protocol revenue over the past year. Weekly figures approaching $100,000 suggest that the annualised run rate is now moving considerably higher.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 6 October 2026. Not the outlet's figures.
Whalio spot data for ICP shows a price of $3.59 with a 24-hour buy ratio of 55.9%, indicating that buyers dominated the last day. However, shorter-term pressure has shifted, with the 1-hour buy ratio dropping to 44.2% and the 4-hour ratio falling to 42.1%. Volume delta reflects this shift, showing a net outflow of $19,849 in the last hour and $188,769 over four hours, compared to a net inflow of $1,736,146 over 24 hours. The cumulative volume delta closed at +$65,895 for the 24-hour period, confirming that net buying occurred primarily earlier in the day. Spot volume reached $14,854,018 with 89,538 trades, while net buying was recorded in only 8 of the 24 hours. This indicates that while the day ended with positive flow, immediate buying pressure is currently fading relative to the daily average.
The latest daily buy ratio of 49.2% sits at the 50th percentile of the last 322 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ICP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.0%, making the current 24-hour ratio of 55.9% an unusual day with +5.9 points above the average. Volume was 1.07x the weekly average, suggesting slightly elevated activity compared to typical days. The coin saw a price change of +14.5% over eight days, with a total volume delta of +$2,333,117. Net buying occurred on 4 of the 7 days, indicating a generally positive trend leading into this revenue milestone. This week's performance contrasts with the immediate hourly data, showing sustained interest over a longer timeframe despite recent short-term cooling.