#IOTX物联网 AI

iotx: A potential public chain that may change the DeFi landscape!

In the world of currency, which is full of infinite possibilities, we are always looking for the next "dark horse" that may change the landscape. Today, I would like to introduce you to a possible opportunity - IoTeX (iotx), a public chain that focuses on providing strong support for DeFi (decentralized finance) projects.

You may have heard of many DeFi projects that use blockchain technology to bring us a new financial experience. But have you ever thought that the infrastructure behind these projects, that is, the public chain, also has great potential? IoTeX is such a highly anticipated public chain.

Let's take a look at some of IoTeX's eye-catching data. In the fourth quarter of 2023, IoTeX's network transaction fees increased significantly, with a quarterly growth rate of more than an astonishing 3000%! This means that more and more DeFi projects are beginning to choose IoTeX as their infrastructure.

So, what is so special about IoTeX? It launched a middleware called W3bstream, which is like a "universal adapter" that can be used no matter which public chain your DeFi project is based on. Moreover, its development speed is faster than many similar projects. It has been recognized and used by many well-known public chains such as Ethereum, IoTeX Chain, Solana, Polygon, etc.

More importantly, IoTeX recently announced its integration with Solana. This means that all DeFi projects on Solana can use IoTeX's technology. This undoubtedly brings huge growth potential for IoTeX, because Solana is one of the most popular public chains with many DeFi projects.

Of course, when investing in a project, in addition to looking at its technology and potential, it also depends on its financing and market valuation. IoTeX has completed four rounds of financing, of which the two publicly disclosed rounds are as high as 35 million US dollars. The injection of these funds undoubtedly provides strong support for the development of IoTeX.

Let's take a look at the market valuation of IoTeX. At present, its circulating market value is about more than 200 million US dollars. Compared with other public chains with market values ​​of billions or even tens of billions, this valuation does not seem high. However, considering IoTeX's leading position in the DeFi field and its future growth potential, this valuation may be just the tip of the iceberg.