IoTeX

The fifth reward phase of the Get Goated Season 2 has officially launched, highlighting the Nubila Network ($NB) as the latest DePIN project to join the initiative. This phase marks a significant step in the community rewards journey, building on the momentum of previous rounds. Participants who missed earlier rewards can refer to guides for Phases 1 through 4 to catch up. The timeline for this phase is crucial, with the eligibility review and zkPass completion window open from November 8 to 16, leading up to the token airdrop on November 17. Nubila Network is set to revolutionize the DePIN ecosystem by creating the Physical Perception Layer of the Autonomous AI Economy. This innovative project aims to establish a global network of hyperlocal weather and real-world sensors that convert chaotic offline environmental data into reliable on-chain data streams. By integrating verifiable real-world intelligence into AI, DeFi, and prediction markets, Nubila empowers autonomous agents to better understand and interact with their physical surroundings, enhancing risk pricing and real-time value coordination. The reward distribution model for the Nubila Network is designed to promote community engagement and contributions. It allocates 30% of rewards to users completing social tasks, 55% based on participants' BinoBits (BB), and 15% reserved for initial liquidity on Mimo. This structured approach ensures that rewards are reflective of active participation. As the airdrop approaches, participants are encouraged to verify their eligibility and allocations to seize this opportunity to be part of Nubila Network's growth within the IoTeX ecosystem.

Binance has officially rolled out support for the 0x address format for IoTeX (IOTX) deposits and withdrawals on its web platform and mobile app. This update marks an important step in the IoTeX chain's ongoing effort to simplify interoperability and align with the standard Ethereum-style "0x" format. After carefully evaluating tradeoffs, the IoTeX team proposed deprecating the legacy "io1" format through IIP-40: Deprecate io1 Address Format in late 2024. Following open community discussion, the proposal was approved, paving the way for consistent address handling across exchanges and ecosystems. Binance’s implementation represents a major milestone toward global standardization, improving cross-chain compatibility and user experience for IOTX holders worldwide. As part of this change, Binance users will now see the 0x version of their existing deposit addresses. No action is required, as deposits sent to the older "io1" version of the same address will continue to work seamlessly. When withdrawing IOTX, users can now enter either address format: 0x… (new format) or io1… (legacy format). Both address formats remain fully supported during the transition, ensuring uninterrupted use for all users and exchanges. To make conversion simple, the IoTeX team has released an Address Converter Tool on the IoTeX Hub, allowing anyone to instantly switch between io1 and 0x formats. This milestone marks a major step forward for the IoTeX chain. With Binance now supporting the 0x format, the largest exchange in the world sets the precedent for others to follow, accelerating the transition toward a unified ecosystem for the Real-World AI economy. Beyond simplifying user experience and integrations, this upgrade strengthens the IoTeX L1's foundation for the AI-powered, real-world economy, where data, devices, and digital assets interact seamlessly across chains. IoTeX is uniquely positioned to capture the multi-trillion-dollar AI and data economy, trusted by partners like Google, Samsung, and others.

In the evolving landscape of cryptocurrency, a new class of projects known as DePIN (Decentralized Physical Infrastructure Networks) is gaining traction. These projects are focused on rebuilding assets and utilities through blockchain technology, rewarding users for providing essential resources such as storage, computing power, and wireless coverage. Investors are increasingly viewing DePIN projects as promising opportunities with long-term potential, as they link digital networks with real-world assets, thus enhancing blockchain utility. Among the notable DePIN projects to watch in 2025 are Helium, Render Network, and Akash Network. Helium has established itself as a pioneer by enabling users to create decentralized wireless hotspots, earning HNT tokens in the process. Render Network offers a decentralized marketplace for GPU power, allowing individuals to monetize their unused resources while supporting creators with affordable rendering services. Similarly, Akash Network provides a decentralized alternative to traditional cloud providers, enabling users to lease computing power and earn AKT tokens, appealing to developers seeking cost-effective solutions for AI and Web3 applications. Other significant DePIN projects include Filecoin, Arweave, IoTeX, and DIMO. Filecoin revolutionizes cloud storage by creating a decentralized marketplace for renting unused space, while Arweave addresses the challenge of permanent data storage through a one-time payment model. IoTeX connects IoT devices to blockchain technology, ensuring user control over data, and DIMO transforms vehicles into connected data hubs, rewarding drivers for sharing secure car data. Collectively, these projects signify a shift towards decentralized infrastructure, empowering communities to profit from their contributions and marking DePIN as a key growth sector in the blockchain realm.

In the third quarter of 2024, IoTeX has marked significant achievements within the rapidly growing DePIN sector, further establishing its leadership in the ecosystem. The launch of IoTeX 2.0 stands out as a pivotal moment, introducing a modular infrastructure that supports verifiable DePIN data. This upgrade is designed to facilitate the development of DePIN projects, making it easier for developers to build and scale their solutions. Alongside this, IoTeX has formed strategic partnerships with major industry players like OKX, Solana, and Polygon, enhancing its visibility and collaborative potential in the blockchain space. Following a successful $50 million funding round in Q2, the network has seen a surge in user engagement, with over 218 projects now built on the IoTeX platform, including 51 dedicated to DePIN. The IoTeX network's on-chain activity has also experienced remarkable growth, with daily transactions reaching 26,100, a 107% increase from the previous quarter. The ecosystem supports over 100 tokens and boasts more than 100,000 monthly active users. The rise in staking activity is notable, with over 3.8 billion $IOTX staked, representing approximately 41% of the circulating supply. Additionally, the DePINscan platform has registered over 280 DePIN projects and 18 million devices, solidifying its role as a key data aggregation tool in the industry. Looking ahead, IoTeX is set to launch several innovative products, including ioID and W3bstream, which aim to enhance the verifiability of DePIN devices and provide zero-knowledge proofs for developers. The upcoming Get GOATed Season 2 event is expected to attract even more community members, with substantial rewards on offer. As IoTeX continues to expand its ecosystem and partnerships, it is poised to play a crucial role in the future of decentralized infrastructure and real-world applications in the blockchain space.

IoTeX has recently announced a token buyback program and new liquidity partnerships in response to a market maker incident that temporarily disrupted trading and caused its price to plummet to near-zero on Binance. In a post on October 13, IoTeX clarified that the 'zero price' event, which occurred on October 10-11, 2025, was due to a malfunction of a third-party market maker and not a protocol exploit. Importantly, the network's core services, including the ioPay wallet, ioTube bridge, and DePINscan, remained fully operational, ensuring that no user funds were affected during the incident. The team explained that the issue was a user interface display problem rather than an actual market crash. Binance confirmed that the displayed '0.0000' IOTX price was a result of reduced decimal precision on certain trading pairs combined with extreme volatility that triggered long-standing limit orders. Throughout the market-wide sell-off, Binance's spot and futures engines operated normally, and the exchange compensated users affected by de-pegging or delayed redemptions within 24 hours, amounting to approximately $283 million across various assets. In light of the situation, IoTeX is collaborating with centralized exchanges and market-making partners to enhance liquidity and prevent future disruptions. To restore confidence among long-term holders, the foundation has initiated token buybacks and community reward programs. Following the incident, IOTX experienced a decline of about 15-20%, dropping from $0.015 to $0.0125, amidst a broader market downturn. However, trading volume surged past $24 million within 24 hours, and the token stabilized around $0.013 by October 13. The community's initial caution was alleviated by IoTeX's transparency and prompt communication, which helped restore trust among users as they praised the team's swift actions.

The Theta ecosystem is witnessing significant advancements as it gains traction across various sectors, including sports, media, academia, and AI startups. The September Roundup highlights a series of exciting developments, showcasing the platform's versatility and growing adoption. Notably, Major League Soccer's Philadelphia Union has launched a new app that features an EdgeCloud-powered RAG chatbot, enhancing fan engagement through innovative technology. Additionally, academic institutions such as SeoulTech and Emory University have signed on to utilize Theta EdgeCloud, further expanding its reach in educational settings. The Theta community recently gathered in Berlin for the annual ThetaEuroCon and BlockJam hackathon, fostering collaboration and innovation among developers and enthusiasts. The platform was also prominently featured at Korea Blockchain Week, where events like Aethir deAI Day and the IoTeX DePin + Real-World AI event showcased its capabilities in integrating blockchain with real-world applications. Furthermore, the development of EdgeCloud continues to progress, with new integrations of advanced AI technologies such as Google Gemini 2.5 Pro and xAI Grok4, indicating a commitment to staying at the forefront of technological advancements. In addition to these developments, the Theta team has released Version 1.2 of the Theta Edge Node for Android and upgraded the Theta Android Wallet to v5.3.0. A notable partnership has been initiated with Olympique de Marseille at the Orange Velodrome stadium, signaling the platform's entry into the sports arena. As Q4 approaches, the Theta Network is poised for more exciting announcements and developments, making it a key player in the blockchain space.