Messari: IoTeX Q1 Network Staking Volume Increases 73% Sequentially

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Bitget2024/05/11 02:13

According to the Q1 development report of IoTeX released by Messari, there are a total of 108 nodes in the IoTeX network that have created a total pledge volume worth $29 million, an increase of 73% from the previous period. The average participation rate in pledges has reached a historic high.

In addition, the report points out several important developments for IoTeX in 2024 that need attention, including verifiable off-chain computing infrastructure W3bstream, improvements to on-chain processing capabilities with the IoTeX Core 1.14 upgrade and on-chain governance solution Marshall DAO etc., all these key advancements will be implemented within this year.

Messari also listed activities such as DePIN Surf launched by IoTeX to promote ecosystem development, liquidity mining plans and DePIN Demo Day etc., stating "IoTeX's recent efforts highlight its commitment to building decentralized infrastructure networks for IoT devices and dAPPs."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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