Messari: IoTeX Q1 network staking volume increased by 73% month-over-month

ChainCatcher news, according to the IoTeX Q1 development report released by Messari, the IoTeX network has a total of 108 nodes that have created a total staking amount of 29 million USD, with a month-on-month growth of 73%, and the average staking participation rate has reached a historical high.

In addition, the report points out that there are several important developments to watch for IoTeX in 2024, including the verifiable off-chain computing infrastructure W3bstream, the IoTeX Core 1.14 upgrade to improve on-chain processing capabilities, and the on-chain governance solution Marshall DAO. These key developments are all expected to be implemented within the year.

Messari also listed the activities launched by IoTeX to promote ecosystem development in the report, such as DePIN Surf, liquidity mining programs, and DePIN Demo Day, stating that "IoTeX's recent efforts highlight its commitment to building a decentralized infrastructure network for IoT devices and dAPPs."