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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| ICX | -69.14% | -97.23% | -51.2% | -92% |
| S&P | +14.39% | +76.41% | +12.02% | +169% |
Founded in August 2017, the ICON network aims to enhance its Layer 1 ecosystem and create a sustainable infrastructure for cross-chain development. It addresses challenges such as security, scalability, and speed in cross-chain environments, providing cross-chain functionality to applications seeking to improve efficiency across blockchain networks. ICON's Cross-Chain Framework, featuring the xCall General Message Passing system and secure bridging protocols, is designed to facilitate easier cross-chain development.
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