- IOTA is ready to launch an enhanced mainnet protocol with EVM and MoveVM integrations.
- The IOTA Rebased protocol will boost the adoption and functionalities of RWAs and tokenizations.
With the IOTA Rebased protocol, the network is reportedly set for its mainnet re-launch in early 2025. On social media platform X, Michael Atlan highlighted that the mainnet re-launch positions IOTA for real-world adoption.
New IOTA Mainnet To Bridge DeFi and Institutional Needs
Altan explained that IOTA is bridging the needs of Decentralized Finance (DeFi) and institutions through MoveVM and EVM integration. As CNF reported, the IOTA Foundation recently introduced the Rebased protocol set to improve the network’s scalability, programmability, and decentralization.
IOTA is ready for real-world adoption. With MoveVM + EVM integration, regulated finance solutions, and a $50M growth fund, it’s bridging DeFi and institutional needs. No VC baggage, most tokens already in circulation, & real partnerships position @iota for its mainnet re-launch. https://t.co/03hOCSvMsF
— Michael Atlan (@micatlan) January 2, 2025
The Rebased protocol establishes a completely decentralized Layer 1 (L1) network with the addition of advanced features. These new features include Ethereum Virtual Machine (EVM) and Move Virtual Machine (MoveVM) support. MoveVM introduces strong data abstraction capabilities, simplifying complex resource management tasks.
Additionally, the direct integration of EVM into the L1 layer aims to enhance the security and decentralization of dApps built on IOTA’s EVM Layer 2 network. The transfer of EVM operations to the L1 layer will also boost network activity, increasing burned tokens.
The IOTA Rebased proposal also seeks to deliver higher throughput, anticipated above 50,000 TPS on the network. IOTA has already released a public testnet to test these proposed changes in the real world.
CNF mentioned that the community had approved the initiative through a governance vote, with 98% of the voters supporting the motion. As a result, the mainnet release is set to go live in early 2025, per a CNF report.
Atlan added that IOTA’s establishment of regulated finance solutions and a $50 million growth fund signals its readiness for the mainnet re-launch. He also pointed out that the network has genuine collaborations and no VC baggage.
Furthermore, most tokens have already been circulated, highlighting the huge liquidity of IOTA.
IOTA’s Key Focus and Growing Adoption
Following its expanded use cases and widespread market, IOTA now focuses on distributed ledger technology. CNF recently disclosed that IOTA has progressed in tokenization, digital trade finance, regulatory compliance, and decentralized infrastructure.
The platform has formed strategic partnerships in tokenization projects, recently collaborating with the UAE. Such endeavors will open the door for innovative applications of asset tokenization within a regulatory framework.
The IOTA token is gaining ground in the crypto market through these initiatives and collaborations. The IOTA coin joined the latest market rally, posting an 18.53% increase in value to trade at $0.335.
IOTA price was trading at $0.3595 at press time, up 1.3% in the last 24 hours. The market capitalization rose to $1.2 billion, suggesting investor optimism. Crypto analyst Lokman Duman noted that upward momentum could push IOTA toward $0.3600 and $0.4000 in the near future.
