IoTeX (IOTX) is a decentralized platform launched as an open-source project in 2017. It aims to build an open ecosystem where machines and humans interact with trust and autonomy under structured economic models. The platform is powered by a team of over 40 research scientists and engineers who developed an EVM-compatible blockchain using the Roll-DPoS consensus mechanism. Since its mainnet launch in April 2019, IoTeX has been managed by more than 100 global delegates and has processed over 10 million transactions. The platform supports interoperability with other blockchains, enabling EVM-based decentralized applications (DApps) to scale without high gas fees.

IoTeX operates on an EVM-compatible blockchain designed for flexibility and scalability. It uses the Roll-DPoS consensus mechanism, managed by over 100 delegates worldwide to validate transactions and maintain network security. The native token, IOTX, functions as both the governance token and gas for executing transactions. IoTeX also features a unique economic model called Burndrop, which regulates the token supply in relation to the number of connected devices on the network. Additionally, IoTeX incorporates Decentralized Identity, Confidential Computing, and Secure Hardware to support the development of self-sovereign devices and real-world data oracles, bridging physical devices with blockchain technology.

IoTeX seeks to become the decentralized backbone of the machine economy, enabling secure interaction between devices ranging from smart home gadgets to autonomous vehicles. It powers self-sovereign devices like Ucam, a blockchain-based home security camera, and Pebble, a real-world data oracle for environmental tracking. These innovations allow for diverse applications such as real-world NFTs, weather derivatives, and machine-learning-as-mining. The IOTX token is used for governance, staking, and covering transaction fees, reinforcing its role within the IoTeX ecosystem while supporting DApps that integrate physical and digital worlds.

IoTeX was founded in 2017 by Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun as an open-source project to create a decentralized platform for machine-to-machine interactions. The team, consisting of over 40 scientists and engineers, built the EVM-compatible blockchain from the ground up using the Roll-DPoS consensus. IoTeX officially launched its mainnet in April 2019 and has since been managed by a global network of over 100 delegates. The platform has processed over 10 million transactions and developed interoperable infrastructure with other blockchains. IoTeX's innovations include middleware solutions and DApps that enable the creation of self-sovereign devices and real-world data oracles.

We update our IoTeX to USD currency in real-time. Get the live price of IoTeX on Coinbase.

The current market cap of IoTeX is $263.49M. A high market cap implies that the asset is highly valued by the market.

The all-time high of IoTeX is $0.50. This all-time high is highest price paid for IoTeX since it was launched.

Over the last 24 hours, the trading volume of IoTeX is $8.18M.

Assets that have a similar market cap to IoTeX include Frax (prev. FXS), Peanut the Squirrel, MX Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of IoTeX is 9.4 billion.

IoTeX ranks 54 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 89% of Coinbase users are buying IoTeX. In other words, 89% of Coinbase customers have increased their net position in IoTeX over the past 24 hours through trading.

Yes, IoTeX is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy IoTeX guide.