$ICP Supply Dynamics: Approaching a Deficit This analysis focuses on observable on-chain data and tokenomics. The Acceleration of ICP Burns The growth in ICP permanently removed from circulation (burned) is significant and non-linear: · 2023: 58,000 ICP burned · 2024: 553,000 ICP burned · 2025: 1.66 million ICP burned This trend represents a clear acceleration, driven by the Internet Computer's core utility: every canister (dApp), cycle, and transaction consumes ICP. The Supply Mechanics Increased network adoption directly leads to increased ICP burn. The model is simple: more utility = reduced circulating supply. The Inflection Point Metrics indicate the protocol is approaching a key threshold: when annual burns exceed new emissions. Crossing this line shifts the tokenomics into a net supply deficit. Forward Outlook Data projects that 2026 could initiate a structural supply deficit. Market dynamics typically price in such shifts ahead of the confirmed equilibrium change. #ICP #InternetComputer #Tokenomics #SupplyCrunch #BlockchainData