📊 $IOTX #Messari . State of IoTeX Q2 2024:

▪️ As of Q2’24, the IoTeX Network was secured by 109 delegates actively staking $50 million, up 12% QoQ;

▪️ In Q2’24, rewards to validators grew 3% QoQ to $3.3 million;

▪️ IoTeX's network transaction activity grew by 107% QoQ;

▪️ IoTeX 2.0 upgrade aims to support the full lifecycle of DePIN projects;

▪️ Simultaneously, the upgraded tokenomic design of IoTeX 2.0 is designed to balance inflationary staking rewards with deflationary burning mechanisms.