ICP publishes tongue-in-cheek apology for building tech that proves Dapps don’t need AWS
The ICP team has issued a tongue-in-cheek apology boasting about running full-stack apps entirely on-chain, even as the ICP token remains down 99% from ATH.
- The ICP team issued a tongue-in-cheek “apology” bragging about the protocol’s ability to run full-stack applications entirely on-chain without the need for traditional cloud services like AWS.
- In response, several community members criticized ICP underwhelming price performance, which dropped from its ATH of $750 to just $6.
The Internet Computer Protocol ( ICP ) team has just released an unofficial apology for “proving that “ Decentralized Apps ” don’t actually need Amazon Web Services to run…” and for “shipping features today that other chains have scheduled for 2030.”
While the apology is clearly tongue-in-cheek, ICP is indeed able to host full‑stack applications entirely on‑chain. Its “canisters” are smart contracts that embed both application logic and data, and can serve web‑content directly to users, which removes reliance on traditional cloud services like those provided by AWS .
Some examples of full‑stack apps currently running on the ICP network include:
- OpenChat: A fully on‑chain messaging platform offering real‑time chat, file sharing and governance via a DAO, all implemented via ICP canisters.
- ICPSwap: A decentralized exchange built on ICP where both front‑end and back‑end logic are hosted on‑chain, enabling token swaps, liquidity provision and governance.
- Caffeine: A no‑code platform on ICP that allows users to create full‑stack web applications via natural‑language prompts, with the infrastructure all handled on‑chain.
ICP price down 99% from ATH
Some community members pushed back on ICP’s “apology,” pointing to the ICP token’s rocky performance. “I’m bullish, but that’s A LOT of shit talk for a project down 99%,” user @detta0215 wrote in a post on X.
Similarly, user @OzDefi said: “kinda wish you would have hyped the whole time, Im down 96%. I only have to get 40X to break even.”
For context, ICP has fallen sharply from its ATH of $750, reached 5 years ago, to just $6 today. However, it’s worth noting ICP price has recently staged an impressive rally of +240% , climbing from $2.80 to $9.50 at its peak.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates: Institutional ETF Investments Indicate Ethereum's Rise to $3,200
- Ethereum (ETH) eyes $3,200 rebound as stablecoin yields decline and market dynamics shift, supported by Santiment’s analysis of 3.9-4.5% lending rates indicating non-overheated conditions. - ETH ETF inflows reversed after three weeks, with BlackRock’s ETHA fund driving $88.22M entry amid post-October price dips and regulatory clarity improvements. - Technical indicators like the ETH-BTC "bullish ribbon flip" and Crypto Fear & Greed Index moving from "extreme fear" to "fear" signal cautious optimism and r
Securitize Gains EU License, Connecting Blockchain Finance Between the U.S. and Europe
- Securitize secures EU regulatory approval to operate blockchain-based trading/settlement systems, becoming the first firm licensed in both EU and US for digital securities infrastructure. - The Avalanche-powered platform enables sub-second settlements across 27 EU states, supporting tokenized equities, debt, and funds while bridging U.S.-EU capital markets. - This milestone validates blockchain's role in institutional finance, with AVAX surging past $15 as Avalanche's institutional-grade infrastructure g
Ethereum News Update: Institutional Investors Acquire 3% of Ethereum’s Total Supply While Valuation Models Indicate a 57% Undervaluation
- Ethereum price holds above $2,900 amid $96.67M net inflows into U.S. spot ETFs, led by BlackRock’s $92.6M contribution ending an eight-day outflow streak. - Institutional buyers like BitMine added 69,822 ETH ($200M), now holding 3% of total supply, while adopting "dip-buying" strategies aligned with Tom Lee’s "supercycle" thesis. - Valuation models estimate Ethereum’s fair value at $4,747 (56.9% undervalued), with DCF and Metcalfe’s Law models suggesting 200-217% undervaluation despite mixed P/E signals.
Hyperliquid News Today: Hyperliquid's HYPE Token Unlock: Will Clearer Governance Mitigate the Threat of Selling Pressure?
- Hyperliquid's 2025 HYPE token unlock (2.66% supply) sparks market stability concerns amid 23% monthly price drop. - Community tensions rise over unlock transparency, with experts warning verbal assurances cannot counter sell-pressure risks. - Weak technical indicators (34 RSI, $35.50 support level) highlight fragility despite $259B monthly trading volume. - Institutional partnerships (BlackRock, Stripe) bolster credibility but governance controversies persist over decentralization. - Future trajectory de
Trending news
MoreCrypto prices
More
