IIP-42 Governance Vote for IoTeX

JUN

05

Event date

Thursday 05 June 2025, UTC

Event description

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.

IoTeX

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IoTeX (IOTX) Events List

IoTeX Town Hall: Vision Unveiled

The town hall will feature the IoTeX team addressing community questions about their new direction, including why AI matters, what "physical intelligence" entails, and how DePIN evolves. This concept leverages IoT devices as real-world data sources for AI, powered by IoTeX’s blockchain. The event’s significance lies in its potential to clarify IoTeX’s strategic pivot, boosting investor confidence and developer interest. Expect live insights into token rewards and the Realms model, which could influence adoption rates. As with any live Q&A, outcomes may vary, so a risk disclaimer applies: crypto events can involve volatility or evolving plans—do your research!Recent NewsIoTeX has been on a roll in 2025. In February, they launched the beta of QuickSilver, an open-source framework merging Large Language Models (LLMs) with DePIN, as noted on their official site (iotex.io). This move, highlighted by Messari as a game-changer for AI-blockchain integration, follows a 2024 roadmap update emphasizing DePIN infrastructure expansion. The project’s U.S. market push and a DePIN + AI Assets Reserve launch further signal aggressive growth, per their 2025 strategy outline.Future PlansLooking ahead, IoTeX aims to roll out the QuickSilver Testnet in Q1 2025 (already in progress) and expand its ecosystem with agentic AI applications. Their roadmap includes real-time data integration for AI agents, like drone route planning or smart device optimization, as detailed on iotex.io. This positions IoTeX to lead the DePIN x AI narrative, potentially attracting more partnerships and users by year-end.Onchain DataSpecific onchain metrics (e.g., transaction volume or staking data) for IoTeX around this event aren’t publicly detailed in recent updates from Glassnode or Etherscan. However, historical data from 2024 shows steady network activity, with IoTeX’s blockchain handling secure settlements for machine networks, a strength noted in their whitepaper. Check platforms like DePINscan for real-time insights post-event.Community SentimentX reactions are buzzing with excitement. Users like @sayalscrypto and @NodeyICN are eager to learn about token rewards and Quicksilver agents, while @alfielunaa praises the team’s transparency (X posts, July 10, 2025). Influencers like @rangerspeeds see DePIN’s rise as a hot trend, aligning with Cointelegraph’s 2024 DePIN market analysis. The vibe is optimistic, though some await concrete deliverables.Additional InsightsIoTeX stands out amid competitors like Kadena by focusing on physical-world AI integration, not just scalability. With DePIN markets projected to grow (per Messari), this town hall could spark a rally in IOEX tokens, especially if new use cases emerge. For users, benefits include potential staking rewards and early access to innovative tech—perfect for long-term holders.Mark your calendars and join live on X (https://t.co/BVZ6bapRVG)! Stay informed, stay engaged.

IoTeX

July 15

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