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, 2026·4 min

    Validation of Candidate Node Machines

    How prospective node operators check whether their planned machines actually improve network decentralization, using the community optimization model and the IC target topology.

  • May 4, 2026·2 min

    Node Provider Self-declaration

    The identity declaration and good-faith statement a prospective node provider files before the NNS votes on their onboarding proposal.

  • May 4, 2026·4 min

    Node Provider Roadmap

    The end-to-end path to becoming a node provider on the Internet Computer, organized as six milestones from education through ongoing node management.

  • May 4, 2026·5 min

    Node Provider Onboarding

    The technical procedure for becoming an accepted node provider on the Internet Computer, from tool installation through NNS proposal and node operator records.

  • May 4, 2026·4 min

    Gen-1 Node Onboarding After 48 Months

    How Gen-1 node providers continue earning rewards beyond their initial 48-month window, including reward reconfiguration, optional HSM removal, and excess machine handover.

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