What ICON connects
ICON (ICX) is an interoperability / cross-chain bridge token, currently ranked 362nd by market capitalization among the assets we track. ICON is an interoperability or cross-chain token: it underpins infrastructure that moves assets and messages between otherwise separate blockchains. In a multi-chain world, that connective tissue is valuable — and a notorious security target.
ICON (ICX) is a decentralized network that aims to connect different blockchain communities, enabling them to interact and share data seamlessly. It utilizes a unique consensus algorithm called Loop Fault Tolerance to enhance scalability and interoperability.
How cross-chain transfers work
Interoperability sounds mundane but is technically hard and security-critical. The value of ICON depends on volume bridged and, above all, on never suffering the kind of exploit that has sunk peers.
Under the hood, ICX secures its ledger with Loop Fault Tolerance, built on the Loop Fault Tolerance algorithm.
Background & fundamentals
ICON operates under a semi-centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. A documented core team of 37 contributors is listed publicly, a depth of disclosed staffing many long-tail tokens lack. Its codebase is open-source, meaning the implementation can be audited rather than taken on trust.
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in ICX. CoinPaprika classifies the project's development status as "Working product". In sector terms it is most often filed under Platform, Decentralized Applications, and Delegated Proof Of Stake.
Where ICON sits in the market
With ICX near $0.0239, ICON carries a market capitalization of $25.73M. Around $6.40M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 24.87% of the float — elevated, often a sign of narrative-driven trading.
Almost the entire ICX supply is already in circulation (~133.8% of the 800.5M cap), so future dilution is effectively off the table. ICX remains -100% beneath its all-time high of $12.64, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Across timeframes, ICX shows 24-hour -3.21%, 7-day -9.21%, 30-day -1.56%, 1-year -66.44%. Across roughly the last 365 days of daily candles, ICX endured a peak-to-trough drawdown of about 81% before stabilizing.
Volatility profile
Recent action puts ICON in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -1.56%, a useful input for stop placement and position sizing.
How to evaluate an interoperability token like ICON
The honest checklist for ICX is short:
- Security model — how the bridge validates transfers and how much value it puts at risk.
- Volume and integrations — how much actually flows across ICX infrastructure and which chains it connects.
- Track record — whether the protocol has avoided the exploits that have plagued the bridge category.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
