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

Bullish or Bearish?

bullish
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IoTeX (IOTX) Events List

IoTeX v2.2.0 Hardfork

The hardfork, set for block 36,893,881 (ETA: 01:28 UTC), halves block time from 5 to 2.5 seconds, potentially making IoTeX one of the fastest EVM-compatible Layer 1 blockchains [IoTeX Official Twitter, 2025-06-12]. All nodes must upgrade to v2.2.0 to stay synced, with no config changes needed—just a simple restart with the new image [IoTeX GitHub, 2025]. This upgrade also introduces System Staking v3, phasing out v2, which could enhance staking rewards and network security. The purpose? To boost transaction speed, reduce latency, and support IoTeX’s growing ecosystem of IoT devices. For users, this means faster dApp interactions and potentially higher efficiency for DePIN projects like Pebble trackers.Recent NewsIoTeX has been on a roll in 2025. In April, the project hit a milestone with over 50,000 Pebble trackers deployed globally, showcasing real-world adoption [IoTeX Blog, 2025-04-24]. This aligns with its focus on bridging IoT and blockchain, a trend gaining traction amid the DePIN boom. Additionally, a June 13 price prediction from Changelly noted IoTeX’s bullish daily chart, with a rising 50-day moving average, hinting at market optimism [Changelly, 2025-06-13]. These developments underscore IoTeX’s momentum heading into the hardfork.Future PlansPost-upgrade, IoTeX aims to expand its DePIN infrastructure, targeting integration with more IoT devices and partnerships with enterprises in logistics and smart cities [IoTeX Roadmap, 2025]. The team also plans to refine governance and tokenomics, building on 2023’s liquid staking initiatives [IoTeX AMA, 2023]. This roadmap positions IoTeX as a scalable, privacy-centric blockchain for the Internet of Trusted Things.Onchain DataSpecific onchain metrics like current staking volume or transaction fees for June 2025 aren’t fully available yet, but historical data from Staking Rewards shows IoTeX’s privacy-focused platform has maintained a steady block time of 5 seconds [Staking Rewards, 2024]. The halved block time post-upgrade could drive a surge in transaction volume, a key metric to watch.Community SentimentX reactions are buzzing with excitement. Users like @jenny7641291022 call IoTeX a “DePIN goat on fire” for its speed boost, while @Streamr praises the no-config upgrade as “actual dev respect” [X Posts, 2025-06-12]. Influencers and DePIN enthusiasts are hyping the potential to outpace competitors like Ethereum sidechains, though some caution about network stability during the transition.Additional InsightsWith DePIN gaining traction—projected to hit a $4B market by 2027 [Crypto Research Report, 2025]—IoTeX’s upgrade could attract new users and investors. Competitors like Helium are also upgrading, but IoTeX’s EVM compatibility gives it an edge for Ethereum developers. Users benefit from lower latency and staking upgrades, though early adopters should monitor node sync issues post-fork.Risk Disclaimer: As with any upgrade, minor network disruptions are possible. Ensure nodes are updated and double-check official sources.

IoTeX

June 19

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