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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§ Wiki · Topic4 entries

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  • May 4, 2026·3 min

    Troubleshooting Failed NNS Proposals

    What to do when a Network Nervous System proposal you submitted as a node provider fails to validate or fails to adopt.

  • May 4, 2026·2 min

    Node Provider Troubleshooting

    Index of the troubleshooting guides node providers reach for first — deployment errors, unhealthy nodes, networking, and failed NNS proposals — plus how to read a node's identity from its console.

  • May 4, 2026·8 min

    Troubleshooting Node Deployment Errors

    Diagnostic guide for the common failure modes encountered while installing IC-OS on a node machine — registration errors, blank consoles, missing drives, network failures, and how to get a shell in SetupOS.

  • May 4, 2026·4 min

    Node Deployment config.ini Reference

    Reference for the node_reward_type field in the IC-OS installer config.ini — how to look up the correct value, what happens when it is missing, and how to verify the value after deployment.

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