ICP Jokes Can Run DApps Without AWS Despite 99% Price Drop
Internet Computer (ICP) has playfully “apologized” for demonstrating that DApps can operate entirely on-chain without relying on Amazon Web Services (AWS). The Internet Computer team touts its “canister” contracts, which unify application logic and data to host full-stack apps such as OpenChat, ICPSwap and Caffeine directly on-chain. ICP’s jest comes amid a 99% price collapse from its $750 all-time high to about $6, despite a recent 240% rally from $2.80. Community responses praised the technology but criticized ICP’s steep token decline.
Neutral
This announcement showcases Internet Computer’s technical innovation—its canister smart contracts enable full-stack DApps to run entirely on-chain without AWS. However, it lacks a direct catalyst for token demand. Despite a recent 240% pump, ICP remains down 99% from its ATH, and community focus is split between tech praise and price frustration. Historical parallels include similar layer-1 tech milestones (e.g., Ethereum’s Istanbul upgrade) that boosted developer interest but did not prompt immediate bullish rallies. In the short term, traders may remain cautious, awaiting real-world adoption or partnerships. Long-term, the demonstration of on-chain hosting could enhance Internet Computer’s competitive position, but sustained price recovery will depend on actual application traction and network growth. Overall, the market impact is likely neutral.