- IOTA has embarked on several projects after the launch of the Rebased Protocol, including IOTA Identity and TWIN Foundation, with more expected to be introduced.
- IOTA is also reported to be launching a hackathon event in Malaysia in July as part of several other initiatives on its roadmap.
Earlier this month, CNF announced the mainnet launch of the IOTA Rebased Protocol with the introduction of a new network architecture. According to that report, this marked a significant shift from the old version to a new system where IOTA could rub shoulders with competitors.
Weeks later, a validator and staking services provider, StakingCabin, has listed some of the main changes that have started taking effect in the ecosystem.
Firstly, StakingCabin highlighted that the Rebased Protocol has significantly transformed the IOTA mainnet. This implies that the network is now fully decentralized and programmable, marking a complete shift from the previous operation, which was backed by centralized components for network validation.
Essentially, this milestone is said to be a testament to an incredible and extensive technical network. Above all, it lays the foundation for a stronger and more efficient foundation for Decentralized Applications (DApps).
On the impact on the native token, IOTA, StakingCabin pointed out that there has been a good use case for the asset as far as staking is concerned. As we explained in February, the Annual Percentage Yield (APY) is fixed at 10-15% with just 1 IOTA required to participate. One of the standout features introduced is the Liquid Staking Token (LST), enabling users to stake without locking their assets.
Regardless of this transformation, the price of IOTA has printed losses on four of the five major trading sessions. According to data, the asset has declined by 1.9% in the last 24 hours, 11% in the last seven days, 2% in the last 30 days, and 35% from year to date. Currently, the total market cap of the asset is around 4.6 billion, and the circulating supply is also around 3.8 billion.
IOTA Continues to Build After the Rebased Launch
Since the Rebased Protocol, IOTA has continued to build, introducing several projects, including the IOTA Identity, which was recently mentioned in our discussion. According to that report, this exists as a “Rust-based SSI solution for verifiable digital trust” to ensure secure digital identities and verifiable credentials.
As also highlighted in our earlier blog post, IOTA has launched its TWIN Foundation to facilitate transparent global trade. Apart from this, the team has secured multiple integrations, including a recent one with the leading regulated Custodian, Zodiac Custody.
Above all, IOTA has also collaborated with CoinGecko to launch a campaign called Learn and Earn. This is to allow users to earn a share of $20,000 worth of IOTA, as detailed in our recent coverage. However, this would be shared among 2000 lucky participants selected through a raffle after completing a quiz on the CoinGecko platform.
For now, IOTA is embarking on a Hackathon program in Malaysia from July 19 to July 21, 2025, to set the ball rolling for future development.
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