IoTeX Price

IoTeX (IOTX) is a cryptocurrency launched in 2018 that anchors a blockchain platform engineered for the Internet of Things and real-world AI data verification. The network sits within the DePIN, artificial intelligence, and Ethereum ecosystem categories, while also serving as a Layer-1 chain with high transaction throughput and smart contract functionality.

Real-world data fragmentation between physical devices and on-chain applications remains a stubborn obstacle, and IoTeX directly addresses it by delivering cryptographically verifiable data streams from sensors and machines to AI models and DePIN protocols. The platform’s core utility lies in closing the data provenance gap—ensuring that information ingested by smart contracts and AI agents remains tamper-proof and anchored to real-world events. Over 100 projects and 40 million devices already stream verified data onto the chain, spanning mobility, robotics, and energy infrastructure.

The network operates on its own blockchain. The Layer-1 infrastructure maintains compatibility with the Ethereum Virtual Machine, granting developers the ability to deploy Solidity smart contracts in an environment tuned for high-volume device communication.

The architecture integrates native support for ERC-20, BEP-20, and Polygon-compatible token standards, alongside modular identity and verification layers that map decentralized identifiers to physical machines. Account abstraction and sub-second finality further tailor the chain for enormous volumes of device-originated micro-transactions.

The initiative took shape in 2017 when its first infrastructure began delivering verified real-world data, culminating in a full mainnet deployment in May 2018. From an early stage, the project cultivated engineering alliances with Samsung, Google, IEEE, ARM, and Nordic Semiconductor, cementing its credibility within industrial IoT and semiconductor circles.

The network’s overarching mission is to become the connective tissue between physical reality and decentralized digital infrastructure, ensuring data that feeds AI systems is verifiable, private, and not controlled by any single entity. IoTeX targets a foundational role in the multi-trillion-dollar AI and data economy by delivering an open infrastructure where any device can supply tamper-proof data to machine learning models.

IOTX functions as the native gas token on the IoTeX blockchain, paying for computation and storage associated with smart contract execution and device data transactions. Validators stake IOTX to secure the network and earn block rewards, while the token also enables decentralized governance votes over protocol upgrades. In DePIN use cases, IOTX serves as the settlement unit for data exchanges between devices and consumers, closing economic loops in the physical world.

Validators lock IOTX bonds to participate in consensus and collect block rewards, while token holders can delegate stake to trusted nodes to earn a portion of the emission. Developers must burn IOTX for gas when invoking contracts that query on-chain device identities, and DePIN marketplaces require IOTX-denominated payments to unlock sensor data streams.

IoTeX has a maximum supply of 10,000,000,000 tokens. Currently, 9,441,368,550 IOTX are in circulation, with a total supply of 9,441,368,555. With a market capitalization of $45,691,137, IoTeX ranks #503 among all cryptocurrencies.