Story Protocol’s IP Token Surges Over 100% in July Amid Ecosystem Growth

Story Protocol's native token IP skyrocketed more than 100% in July, fueled by rapid ecosystem expansion and increasing institutional interest in tokenized intellectual property infrastructure. The token traded at $5.95 as of August 1, with a market capitalization nearing $1.75 billion.

IP's rally reflects robust on-chain activity, with over 1.7 million IP-related transactions processed and 200,000 monthly active users. Key drivers include Poseidon's $15 million seed funding round led by a16z Crypto, targeting AI data pipeline tokenization.

The protocol's real-world utility spans content verification for creators and compliant training data sourcing for AI developers. This performance positions IP among the top-performing mid-cap altcoins this year, up 140% from its YTD low.