INTERNET COMPUTER
Cycles / s 
Cycles / s

This is the rate at which cycles are being burned by the network.

Cycles are the digital fuel that powers computation on the network, and they disappear when consumed. When a user buys using a credit card, the payment provider purchases ICP tokens behind the scenes, converts them into cycles, and then charges up the user's hosted software or cloud engines.

1 trillion cycles is worth 1 XDR (known as a Special Drawing Right/SDR), a currency defined by the IMF. 1 XDR is worth about $1.44 USD.

Network market cap 
Network market cap

The network market cap is the number of ICP tokens multiplied by their price. Network users convert ICP tokens into cycles that are burned and disappear (deflation), and they are generated by the network to remunerate node providers operating nodes, and by some participants in network governance (inflation).

ICP tokens exist within network protocol, and enable it to create a network economy without central points of failure.

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  • May 4, 2026·3 min

    Updating a Node's IPv4 Address and Domain Name

    Two procedures — IC-OS reinstall and a non-disruptive dfx call — for updating the public IPv4 address and domain name of an existing node.

  • May 4, 2026·4 min

    Node Provider Networking Guide

    Networking requirements for connecting node machines to the Internet Computer — bandwidth, IPv4/IPv6, switch layout, BMC isolation, and monitoring.

  • May 4, 2026·2 min

    Node Provider Domain Name Guide

    How to assign domain names and DNS records to IPv4-enabled node machines, with a walk-through of a typical Cloudflare configuration.

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