IIP-42 Governance Vote for IoTeX

IIP-42 aims to boost IoTeX’s scalability, targeting lower latency and enabling timestamp-based staking (V3). This upgrade is critical for real-time DePIN and AI apps, enhancing machine-to-machine automation. With no changes to emissions, users get a better UX while keeping the network competitive [IoTeX X Post, May 28, 2025].

Recent News

IoTeX has been on a roll in 2025, following a Seed Round with ROVR, signaling strong investor confidence [PitchBook, 2025]. Their focus on DePIN aligns with the growing trend of connecting real-world data to blockchains, positioning them against competitors like Ethereum and Theta Network.

Future Plans

Looking ahead, IoTeX’s roadmap emphasizes unification, with plans to overhaul governance and introduce liquid staking [IoTeX Blog, Apr 2024]. These updates will further empower their privacy-centric platform, designed for the Internet of Trusted Things, as they expand DePIN use cases.

Onchain Data

While specific TPS and staking metrics post-IIP-42 aren’t live yet, IoTeX’s circulating supply and staking activity are tracked on Staking Rewards. Pre-upgrade, their L1 processes ~1,000 TPS with a 5s block time [Staking Rewards, 2025]. Doubling TPS could significantly boost transaction volume for DePIN apps.

Community Sentiment

X reactions are mixed but lean positive—@MDM_NFTs and @RunOnFlux showed enthusiasm, while @marianlautara criticized IoTeX as a “fishy Chinese network” with low real usage [X Thread, May 28-29, 2025]. Despite skepticism, the proposal’s focus on speed has sparked lively governance discussions.

Why It Matters

This upgrade could make IoTeX a go-to for developers building scalable, real-time dApps, especially in IoT and AI. However, faster block times may increase node requirements—monitor for network stability post-vote.