IoTeX

In the fourth quarter of 2024, IoTeX experienced remarkable growth following the launch of its 2.0 version, with average daily transactions skyrocketing by 1,267% quarter-over-quarter (QoQ) to reach 384,300. This surge was complemented by peak throughput hitting 62 transactions per second (tps). The total fees accrued on the IoTeX Network also saw a significant increase of 205% QoQ, amounting to $448,500, driven largely by a staggering 1,600% rise in gas fees and a 690% increase in decentralized exchange (DEX) fees, primarily from activity on Mimo. The introduction of the ioID protocol, which provides a universal onchain identity solution for smart devices, has played a crucial role in this growth by enabling verifiable device identities and enhancing user engagement in the decentralized physical infrastructure networks (DePIN) ecosystem. IoTeX has also made strides in integrating artificial intelligence (AI) into its platform with the launch of BinoAI, an autonomous agent built on the ELIZA framework. This development is part of a strategic partnership with Eliza Labs, aimed at creating AI agents that can perceive and interact with physical environments using DePIN data. Additionally, the release of Quicksilver, a middle-layer framework, facilitates the connection between DePIN data and AI agents, allowing for real-time data processing and adaptive responses. These innovations position IoTeX as a leader in the convergence of AI and DePIN, potentially transforming how decentralized applications interact with real-world data. The IoTeX ecosystem has expanded significantly, now hosting 251 projects, including 66 focused on DePIN. Partnerships with various entities, such as Nubila for environmental data and Streamr for decentralized data streaming, have further enriched the ecosystem. The recent upgrades to IoTeX Core, particularly the Cancun EVM compatibility, enhance the network's functionality and interoperability with Ethereum. As IoTeX continues to innovate and expand its offerings, it is poised to play a pivotal role in the future of decentralized infrastructure and AI-driven applications.

IoTeX, a leader in Decentralized Physical Infrastructure Networks (DePIN), has announced that its Head of Ecosystem, Larry Pang, has been elected as co-chair of the DePIN Working Group within the Blockchain Association. This group, co-chaired by Jacob Hample from Filecoin, is part of a new initiative comprising 23 working groups aimed at fostering collaboration and addressing policy priorities in the rapidly evolving U.S. crypto and blockchain landscape. The Blockchain Association serves as a prominent nonprofit organization advocating for a pro-innovation policy environment for the digital asset economy, with over 100 members including key investors and companies in the sector. Larry Pang's appointment as co-chair underscores IoTeX's commitment to actively participating in the Blockchain Association since its entry last December. His leadership role is expected to enhance the company's influence in shaping regulatory frameworks that will support the growth of DePIN projects in the U.S. market. Pang expressed his honor in being elected and emphasized the importance of fostering industry standards to accelerate the real-world adoption of DePIN technologies, ensuring that the United States remains a leader in this innovative field. Raullen Chai, Co-Founder and CEO of IoTeX, praised Pang's appointment, highlighting its significance in connecting the physical and digital realms through blockchain technology. As the industry continues to mature, having strong advocates for regulatory frameworks governing decentralized infrastructure is crucial. This development marks a pivotal moment for both IoTeX and the broader blockchain ecosystem, as they work towards advancing policies that will facilitate the success of decentralized physical infrastructure networks in the U.S.

IoTeX and GEODNET's Collaboration for GEO-PULSE x ioID IoTeX and GEODNET have launched a groundbreaking collaboration for GEO-PULSE x ioID, marking a significant milestone in the blockchain industry. The integration of ioID and W3bstream into GEODNET's new GEO-PULSE device brings verifiability to DePIN devices and kickstarts IoTeX's DePIN x AI data pool using real-world data. This collaboration sets a new standard for DePIN verifiability, offering users the opportunity to earn rewards in $GEOD and $IOTX tokens by completing quests and verifying location data. The collaboration has activated the end-to-end tech stack that powers the GEO-PULSE device, which is now being shipped to early adopters. Users can register their devices, complete driving quests, and share location data to earn tokens. The GEO-PULSE device, known for its high-precision lane-level positioning, collects valuable real-world information verified through IoTeX's technology stack, including ioID and W3bstream.

Network3 is revolutionizing the decentralized Edge AI landscape by providing a robust infrastructure that empowers AI developers worldwide. This innovative platform leverages advanced technologies such as AI model optimization, federated learning, edge computing, and confidential computing to facilitate rapid and efficient model inference, training, and validation at scale. By moving beyond the constraints of centralized AI systems, Network3 is committed to creating a more equitable, efficient, and democratic AI ecosystem that benefits all stakeholders involved. Built on the IoTeX blockchain, Network3 utilizes IoTeX's DePIN modular infrastructure, which includes ioID and data verification modules, to ensure secure and transparent decentralized applications. This integration not only enhances the reliability of data exchange but also supports the growth of the DePIN ecosystem. Additionally, the introduction of the N3 Edge V1 mining machine allows participants to engage in $IOTX dual-mining, thereby expanding the network's global node user base. This collaboration with IoTeX provides a scalable and secure Edge AI solution, enabling developers to innovate confidently while maintaining data integrity. The highly anticipated $N3 token will be launched on January 22 at 8:00 AM (UTC) during its Token Generation Event (TGE). The smart contract for the $N3 token will be deployed on Ethereum, with simultaneous launches on IoTeX and Solana chains to enhance accessibility and scalability. This multi-chain strategy promotes interoperability, allowing users from different ecosystems to connect and contribute to Network3's growth. To celebrate this launch, Network3 is also conducting a community airdrop of 50 million $N3 tokens, aimed at rewarding early supporters and encouraging active participation within the ecosystem.

On January 22, 2025, Network3 AI is set to launch its new product, N3, on the IoTeX platform. This innovative offering combines decentralized AI access with advanced technology, marking a significant step in the integration of decentralized physical infrastructure networks (DePIN) and artificial intelligence (AI). The launch is expected to attract tech enthusiasts to the IOTX ecosystem, potentially driving up adoption rates and influencing the token's price positively if the community responds favorably. The introduction of N3 is not just a technological advancement; it represents a shift towards democratizing access to AI. By leveraging edge-computing and GPU capabilities, Network3 AI aims to provide users with enhanced tools that can empower them in various applications. As with any new technology, the anticipation surrounding N3 is likely to generate speculation and excitement within the market, which could lead to increased investment in IOTX as stakeholders look to capitalize on the potential growth. As the countdown to the launch continues, the community is encouraged to mark their calendars for this pivotal event. The collaboration between Network3 AI and IoTeX signifies a promising future for decentralized technologies and their applications in AI. With the launch just around the corner, all eyes will be on how N3 performs and its impact on the broader blockchain ecosystem.

IoTeX Integrates with Fireblocks for Enhanced Security and Accessibility IoTeX, the leading blockchain platform for decentralized physical infrastructure networks (DePIN), has partnered with Fireblocks, an enterprise platform specializing in digital asset operations on blockchain technology. This collaboration aims to make native IOTX and IoTeX-based assets more accessible to institutional investors and enterprises globally. By leveraging Fireblocks' cutting-edge infrastructure, which includes MPC technology and Intel SGX, institutional users can securely store, manage, and transfer IOTX tokens, ensuring seamless operations at scale. For centralized exchanges and wallet providers, integrating with Fireblocks offers the tools needed to support IoTeX's expanding ecosystem. This integration is expected to enhance liquidity, driving the adoption of IoTeX-based assets among a wider range of users and institutions. Raullen Chai, CEO of IoTeX, highlighted the significance of this partnership in bringing institutional-grade security and accessibility to IoTeX's ecosystem, fostering new liquidity channels and adoption for their tokens.