In the last Binance Square essay contest, I wrote about IoTeX, which really lived up to expectations and is getting better and better. I still hold it!
Messari: IoTeX network staking volume increased by 73% month-on-month in the first quarter
On May 11, according to the IoTeX Q1 development report released by Messari, the IoTeX network has a total of 108 nodes that have created a total staking volume worth US$29 million, a month-on-month increase of 73%, and the average staking participation rate has reached a record high.
In addition, the report pointed out that IoTeX has a number of important developments to pay attention to in 2024, including the verifiable off-chain computing infrastructure W3bstream, the IoTeX Core 1.14 upgrade to improve on-chain processing capabilities, and the on-chain governance solution Marshall DAO. All of the above key developments will be implemented within the year.
Messari also listed in the report the DePIN Surf, liquidity mining plan and DePIN Demo Day activities launched by IoTeX in promoting the development of the ecosystem, saying that "IoTeX's recent efforts highlight its commitment to building a decentralized infrastructure network for IoT devices and dAPPs."
