IoTeX Welcomes Xangle as New Validator to Enhance DePIN Ecosystem

IoTeX, a prominent player in the Decentralized Physical Infrastructure Network (DePIN) sector, has recently announced that Xangle, a leading Korean blockchain infrastructure company, will join its network as a validator. This collaboration is expected to enhance IoTeX’s community-driven ecosystem and improve its technical stability. Xangle is known for its ecosystem-oriented community hubs and Web3 analytical reports, and has been actively involved in major global blockchain projects since its inception in 2018.
In 2024, IoTeX has emerged as a leader in the DePIN space, processing over 150 million transactions and 340 million blocks, achieving an impressive annual growth rate of over 25%. Currently, more than 360 million IOTX tokens are staked, representing approximately 40% of the total supply, which bolsters the network’s security and governance. This growth underscores IoTeX’s position as a key infrastructure provider in the DePIN landscape, facilitating the connection between smart devices and real-world data.
Lihan Lee, Co-CEO of Xangle, emphasized that their role as an IoTeX validator is more than just network validation; it signifies a commitment to making innovative Web3 infrastructures more accessible. Jing Sun, co-founder of IoTeX, echoed this sentiment, stating that Xangle’s expertise in blockchain infrastructure will enhance the network’s stability and drive the mainstream adoption of Web3 technologies. Together, they aim to build a robust and transparent DePIN ecosystem that benefits users and fosters sustainable growth in the blockchain space.
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