I'm glad icanhazip will live on! We also see a lot of malware and bot traffic to https://ipinfo.io, but nowhere near these levels!
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No of course no reason to switch away from us! We provide many more details than icanhazip and others (geo, asn, anycast etc). We handle 40 billion requests a month,and plan to be around forever!
I'm just glad that icanhazip is staying up - it sucks when useful services go offline, and negatively impact all their users.