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About ICON
Analysis of 10 Dec 2025ICON (ICX) is a South Korean enterprise blockchain platform designed for cross-chain interoperability through its Blockchain Transmission Protocol (BTP). As of December 2025, the network maintains a $73 million market cap with 1.08 billion ICX circulating at $0.0675.
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ICON rebranded to SODAX in May 2025, migrating its DeFi ecosystem to Sonic blockchain for 10,000 TPS capacity and sub-second finality. The network implements 3.99% fixed annual inflation under IISS 3.1 tokenomics, with 77% allocated to stakers earning 6-7% APY.
A significant 75 million ICX burn in July 2025 reduced supply by 7%. BTP protocol enables decentralized cross-chain communication supporting Cosmos IBC, Ethereum, Avalanche, and 12+ chains through its xCall interface with 20-30 second settlements and 0.2% fees.