What is the current price of ICON?
The current price of ICON is $0.0163 with a 60.28% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
ICON is a layer-1 blockchain launched in 2017 that spent most of its life pursuing interoperability: connecting independent chains so applications could operate across them. ICX is its native coin, used for gas, for staking and delegation to the network's elected validators, for governance, and as the fee token for ICON's cross-chain messaging.
The most important fact about ICON in 2026 is not architectural. The ICON Network is being retired. The team has moved its work to SODAX, a cross-chain DeFi platform whose hub chain is Sonic, and the ICON Foundation has published a hard deadline: the ICON blockchain is scheduled to stop producing blocks permanently on December 31, 2026. ICX holders migrate to the SODA token at a 1:1 ratio, and the migration becomes one-way from September 30, 2026. Anyone researching ICX should treat it primarily as a migrating asset with a calendar attached, not as an ongoing layer 1.
Official sources:
ICON originated in South Korea and is associated with Min Kim and the Switzerland-registered ICON Foundation. Its chain engine, loopchain, came from theloop, a Korean blockchain company later known as ICONLOOP that also worked on enterprise and identity deployments.
The network's genesis block dates to September 19, 2017, and the project's token sale that month raised roughly $45 million. The original pitch, summarized in its slogan "hyperconnect the world", was a network of interconnected communities, combining public-chain activity with private enterprise chains.
The technology evolved in stages. Governance moved to elected Public Representatives, or P-Reps, chosen by ICX stakers, with rewards distributed through the ICON Incentive Scoring System. In 2020 the foundation published LFT2, a PBFT-derived consensus algorithm that reduced the usual three-step voting process to two steps to cut message traffic and latency. Interoperability work moved from BTP, the Blockchain Transmission Protocol, to xCall, a general message-passing interface designed to be deployable across bridging protocols.
Delegated consensus with elected validators ICX holders stake and delegate to P-Reps. The elected set produces blocks under the LFT2 consensus algorithm. Staking and delegation carried an unbonding period and paid rewards set by governance parameters.
Cross-chain messaging xCall gives applications one interface for sending calls between chains, with the underlying transport handled by connected bridging protocols rather than by a single bridge the network operates itself.
Fee burning Fees generated by applications using ICON technology, including xCall fees denominated in ICX, were burned on-chain rather than paid entirely to validators.
Community funding The Contribution Proposal System funded development, marketing, and community work through on-chain grants voted on by the network.
Historically ICX has been used for:
That utility is winding down on a published schedule. New ICX emissions were targeted to end with the network's economic shutdown on March 26, 2026, and rewards and incentives on the ICON Network cease around the same date. From that point the coin's practical function is to be migrated.
The published roadmap, which the foundation notes may shift as development proceeds, sets out the following sequence.
Test migration opened in September 2025, followed by early migration availability.
Rewards wind-down in March 2026, with the Balanced savings rate ending March 2, Balanced ICX and sICX liquidity rewards ending March 13, and ICON's economic shutdown targeted for March 26.
SODAX products launch, with SODAX Stake in mid-March 2026 and SODAX Pool at the end of that month, and reward distributions beginning in early April 2026.
Migration becomes one-way on September 30, 2026. From that date only ICX to SODA conversions are supported.
The ICON blockchain is permanently halted on December 31, 2026. A read-only archive is to be made available for historical transaction lookups, and ICX cannot be migrated after that date.
Conversion is 1:1, ICX to SODA, with no lock-up. SODA has its own supply design, documented with a maximum of 1.5 billion tokens including an allocation to the SODAX DAO, which means the 1:1 ratio converts your balance but not your share of a network. Because SODA settles on Sonic, holders migrating from self-custody need a small amount of Sonic's native gas token to transact afterward. Several exchanges have offered automatic conversion for balances held on-platform, which is the simplest route for most holders, but support and cut-off dates differ by venue.
ICON's distinguishing contribution was treating interoperability as the product rather than as an add-on, and doing so years before cross-chain messaging became a standard category. It also shipped its own consensus algorithm rather than adopting an off-the-shelf one, and it combined public-network activity with real enterprise and public-sector deployments in South Korea through ICONLOOP, which few chains of its era managed.
Against interoperability ecosystems such as Cosmos, ICON pursued messaging between existing external chains rather than a family of sovereign chains sharing one standard from birth. Against general-purpose layer 1s, it remained comparatively small and regionally concentrated.
The decisive difference now is direction. Where peers are still competing for developers, ICON has concluded that maintaining its own layer 1 is not worth the cost and has redirected effort into an application platform on someone else's chain. Public repository activity reflects that: the project's most recently updated repositories are SODAX SDKs and documentation, not the ICON node software.
Through its operating life, ICON has been secured by its elected P-Rep validator set running LFT2, a Byzantine-fault-tolerant consensus derived from PBFT, with security proportional to the stake delegated across that set.
That security model has an end date. As rewards end and validators wind down, the economic incentive to secure the chain declines ahead of the December 31, 2026 halt. This is a normal consequence of a planned shutdown, but it means late-stage assumptions about network security should not be carried over from earlier years.
ICON matters both as an early interoperability project and, now, as an unusually explicit example of a layer 1 choosing to stop. Most chains that lose relevance simply fade, leaving holders with an illiquid asset on a chain nobody maintains. ICON published a dated wind-down, a conversion ratio, and an archive plan instead. Whether SODAX succeeds is a separate question, but the retirement itself is a more honest ending than the category usually produces, and it is a useful reference for how a chain shutdown can be handled.
ICX is a native coin on the ICON Network and trades on centralized exchanges that still list it. Given the migration timeline, availability is narrowing rather than expanding, and several venues have converted customer ICX balances to SODA automatically. Anyone considering ICX should first check whether the venue still supports it, what its conversion policy is, and which deadlines apply.
ICX has historically been listed on venues including:
Support is actively changing because of the migration. Confirm on the exchange before acting.
ICX can be held:
Do not send ICX to an address on another network. If you hold ICX in self-custody, plan the migration before the one-way and final deadlines, and make sure you can transact on Sonic afterward.
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Use a crypto paper trading account to demo trade ICON with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading ICON with real money.
Read the complete paper trading guideThe current price of ICON is $0.0163 with a 60.28% change in the last 24 hours.
The daily trading volume is $891.67 representing a 8,834.57% change in the past 24 hours.
The market capitalization of ICON is $17,887,226, ranking #550 globally.
The fully diluted valuation (FDV) of ICON is $18,073,270, calculated assuming the total supply of 1,108,789,574 ICX is in circulation.
Circulating: 1,097,375,813. Total: 1,108,789,574. Max: N/A.
In the last 24 hours, ICON traded between a low of $0.0086 and a high of $0.017.
ICX/USDTTether USDT0.0163 USDT
South Korea's largest exchange is ending ICON (ICX) trading support on October 19, cancelling open orders while keeping withdrawals open until November 18.
Binance adds GLMR, ICX, MOVR, RARE and SOPH to its Monitoring Tag list, placing all five tokens under closer review for potential delisting.
