Internet Computer trading launched last week. Since its debut, search interest on CoinMarketCap surged, and the token recently hit a high near $700.
What is Internet Computer?
Internet Computer aims to improve the public internet by offering a Layer-1 platform that provides a “boundless environment for smart contracts that run at web speed, serve the web, scale it, and lower computing costs.”
Developed by the DFINITY Foundation, Internet Computer enables developers to build websites and internet services by installing code directly on a platform hosted entirely on the web.
DFINITY is headquartered in Zurich, Switzerland, and maintains global offices to support organizations building decentralized applications.
At a current price of $315, Internet Computer has risen about 7.6%. That is an impressive valuation given the platform only launched last week. The upward move has likely been driven in part by a rise in buy orders that pushed the price higher.
How does Internet Computer differ from Ethereum?
Internet Computer positions itself as an improved version of Ethereum, citing faster transaction speeds and branding itself as the first “blockchain computer.” These capabilities rely on its Chain Key Technology.
The project may appeal to investors who believe in a second-mover advantage—where a later entrant leverages earlier innovations to surpass its predecessor. Ethereum has previously faced development delays, which critics have attributed to scalability challenges and the decentralized nature of blockchain projects.
In Ethereum’s defense, the protocol has planned upgrades in the coming months aimed at reducing transaction times and gas fees.