Week in Internet Computer (#ICP) News, May 13, 2025
New proposal aim to boost decentralization via node provider verification and subnet allocation. And Swiss Subnet AG introduces the first private, compliant subnet with strong deflationary metrics.
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A Note of Thanks to My Readers
Thank you to everyone who has followed and supported my weekly summaries on the Internet Computer (ICP). I hope you've enjoyed reading them as much as I’ve enjoyed creating them.
Looking ahead, I’ll be shifting gears slightly. Instead of a fixed weekly schedule, I’ll be sharing updates more flexibly—based on what I find most relevant, insightful, and valuable for everyday community members like myself.
As a community member who believes in ICP’s long-term vision—despite the pump, chaos, and drama we've seen and will continue to face—this journey has been incredibly meaningful. Writing public updates has kept me grounded, focused, and consistently engaged with the ecosystem. The experience has been deeply rewarding.
Fortunately—and unfortunately—I’ve never been funded by any party. That independence has given me the flexibility to focus on what truly matters: understanding the real, long-term value of what I’m observing and sharing.
I'm currently in the process of repositioning and restructuring my approach. Once that’s ready, I’ll be excited to share the next chapter with you.
Rest assured, I’m not stepping away. I’ll continue to share progress and perspectives with all of you who, like me, are here for the long haul.
Onward—
Important Announcements
DFINITY team announced the first release version of the SOL RPC canister.
Governance
136594 Grant PokedStudioUK with $1m in Funding.
136590 Add Node Provider: ANTHONY ISAAKIDIS.
136573 Pilot to Assess Node Provider Independence and Improve Decentralization.
136453 NNS Proposal to create an SNS named 'TACO DAO'.
136448 New Election for Voting Neuron Grants.
136454 Initialize neuron_minimum_dissolve_delay_to_vote_seconds to its default value (6 months).
IC Protocol Updates
Upcoming Registry RoutingTable storage change related to Canister Migrations
As part of the preparations for the Canister Migrations feature, DFINITY team is planning to update the way the routing table is stored in the registry.
Exploration: calling Rust functions from Motoko
Target to reduce the learning curve and mitigate the drawbacks for between MOTOKO and Rust.
DFINITY team announced the first release version of the SOL RPC canister.
Swiss Subnet AG is to be approved as the first private blockchain subnet on the Internet Computer. The breakdown of 820 trillion cycles/day equating to 41,075.50372445 ICP burned over 180 days, locked at a fixed exchange rate, underscores the subnet’s deflationary power. A major win for the protocol and community of us holders.
Enhancing Network Decentralization - Proposals for Identity Verification and Subnet Allocation
136573 Pilot to Assess Node Provider Independence and Improve Decentralization is raised.
Kinic team presented zkML and the update on Kinic. and showcased real-world use cases such as private LLM inference and AI agent coordination.
Applications & Builders
Total Staked ICP: 232’765’164
ckBTC: 246.9259
ckETH: 1’021.8344
ckUSDC: 1’228’158
ckUSDT: 2’837’234
Neurons' Fund Maturity: 3,722,367
Total SNSs Treasury: 4,065,941
New members in Ecosystem: Big welcome!
Coineo, a Portfolio tracker..
Ghost, a Zero-Knowledge Proof system for the Internet Computer.
Toko, a marketplace and NFT maker.
Upcoming Events
Jun 3, ICP 4th Anniversary: World Computer Summit, Switzerland
Jun 18-19, AI Agents Summit 2025, Germany
Jun 23-24, European DAO Workshop 2025, Switzerland
SNS Projects Updates
Ghost
SNS renamed to Mimic.
OpenChat
Mobile app in progress.
DecideAI
DecideAI DAO Proposal for Q2 2025 Funding.
Sonic
Request the allocation of 5,000,000 SONIC tokens from the DAO treasury to support upcoming trading reward and safeguard Sonic DAO.
ELNA
Allocated of 10,000,000 ELNA Tokens for DAO Security and Governance Defense.
Sneed
The team updated that second beta test for the RLL distribution will come soon.
ICPSwap
ICPSwap’s bot takes a profit of 1–3 ICP from each of my transactions.
Origyn
Rewards from the ORIGYN SNS rely on at least one proposal per week. The DAO kicked off weekly proposal event.
ICVC
The ICVC DAO has officially voted to invest in Loka Mining.
KongSwap
Proposed to register the Sign in with Solana canister that handles authentication with SOL wallets.
NFID
Proposed to approve Q2 funding for NFID Foundation 42,500 ICP.
Community Highlights
Helping SNS DAOs Succeed: Milestones Based Treasury Withdrawals
DFINITY team introduced a milestone-based treasury withdrawal model to SNS projects.
New Election for Voting Grants
Adam proposed to have new election for voting grants.
Community member raised discussion to hide certain swamp projects from the main menu.
Suggestion: Introduce Transition Period for Min/Max Dissolve Delay Changes
Implement a transition period before new dissolve delay values affect VP (Voting Power) calculations.
Industry News
Blockfrost and Filecoin Foundation are collaborating to integrate Filecoin’s decentralized storage capabilities as a robust backup layer for Cardano apps built with Blockfrost.
ArbitrumDAO’s STEP 2 program allocated 35 million ARB, valued at $11.6 million, to tokenized U.S. Treasurys issued by Franklin Templeton, Spiko, and WisdomTree.
US Senate voted against proceeding on Stablecoin Legislation.
