Net Emission

Inflationary24,339.16 ICP24H total: +24,339.2 ICP

Net emission over the last 24 hours.

Closed UTC days. Latest closed day: Oct 23.

Minted 24H

25,838.0ICP

Burned 24H

1,498.8ICP

Cycles1,495.22

Fees3.60

Cycles: ICP burned to mint cycles, a purchase, not consumption. Fees: transfer fees.

Net 24H

24,339.2ICP

Net Emission

Daily minted vs burned ICP and cumulative total supply, live from ledger-api.internetcomputer.org.

emission-v1.2

Deflation Watch last 30 closed days

Sep 24 · deflationary

Sep 25 · inflationary

Sep 26 · inflationary

Sep 27 · inflationary

Sep 28 · inflationary

Sep 29 · inflationary

Sep 30 · inflationary

Oct 1 · inflationary

Oct 2 · inflationary

Oct 3 · inflationary

Oct 4 · inflationary

Oct 5 · inflationary

Oct 6 · inflationary

Oct 7 · inflationary

Oct 8 · inflationary

Oct 9 · inflationary

Oct 10 · inflationary

Oct 11 · inflationary

Oct 12 · inflationary

Oct 13 · inflationary

Oct 14 · inflationary

Oct 15 · inflationary

Oct 16 · deflationary

Oct 17 · inflationary

Oct 18 · inflationary

Oct 19 · inflationary

Oct 20 · inflationary

Oct 21 · inflationary

Oct 22 · inflationary

Oct 23 · inflationary

Sep 24Oct 9Oct 23

deflationary2inflationary28current streak0a flip needs41,360.8ICP/day more burn

A deflationary day means burn exceeded minting on that UTC day. On this network that is usually a single large purchase of cycles, not a change in usage.

Network Inflation Rate

Net inflation (annualized)

+2.71%

30-day rolling window

Gross minting rate

+2.81%

Burn offset

3.40%

of current minting

Total supply

558.1M ICP

Ledger total supply, staked ICP included.

Node-provider rewards are minted once a month, so a 30-day window contains one batch or none. This rate moves with batch timing, not only with emission.

Node-provider rewards and cycle prices are both set in XDR, so a change in the ICP price moves minting and burning together.

Minted vs Burnedone bar = one week

Each bar

MintedBurnedNet (7-period MA)

Node reward cut: Mission 70, NNS proposal 140538, approved 7.4.2026. The marker sits at 13.4.2026, the first day the reduction is visible in minting.

Burn history is the public ledger-api series, unverified before 10.7.2026. It carries one unexplained single-day step on 29.8.2025 that is included in the All totals.

Range

Cumulative Total Supply

Range Summary

Total Minted

1,284,546.5ICP

Total Burned

43,721.5ICP

Net Change

1,240,825.0ICP

Avg Net / Day

41,360.8ICP

Source: ledger-api.internetcomputer.org

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