ICX is the native cryptocurrency of the ICON blockchain. It's required to pay for transactions, and you can stake it to earn additional ICX.
ICON is a layer 1 blockchain focused on an imminent interoperability solution called BTP (Blockchain Transmission Protocol). BTP supports cross-chain token swaps, and it includes a novel messaging service called xCall to interact with smart contracts on other blockchains.
To decrease the total supply, the ICX used to cover ICON, BTP, and xCall transaction fees is burned.
| App | Users | Transactions | Fees burned |
|---|---|---|---|
| Balanced balanced.network |
2,792 + 4.87% |
10,721 + 3.12% |
83 ICX + 3.12% |
| Omm omm.finance |
934 - 2.11% |
4,825 - 1.86% |
46 ICX + 3.12% |
| Optimus optimusfinance.network |
419 - 4.87% |
1,377 - 3.12% |
19 ICX - 3.12% |