Messari released the IoTeX Q4 2023 report: Gas fees surged over 3000%, governance node revenue increased by 62%
Messari released a report on IoTeX in the fourth quarter of 2023, with the following key points:
1. Surge in on-chain transaction demand: Gas fees skyrocketed to over 3,000%, exceeding $212,000. Quarterly on-chain transaction activity increased by over 1,800% compared to the previous quarter. The surge in on-chain transaction demand is driven by more than 230 decentralized applications (dApps) and off-chain computations on the IoTeX network. Additionally, several prominent projects like Depins significantly boosted transaction activity.
2. Significant growth in governance node rewards: Despite a 2% reduction in IOTX node rewards, due to the steady growth of IOTX-USD price, validation nodes achieved a 62% increase in rewards, totaling $1.3 million.
3. Enhanced network security: By the end of 2023, 100 active governance nodes staked 3.6 billion IOTX tokens with a record participation rate of 36.8%. As of January 2024, the staking ratio has exceeded 40%.
4. DePIN infrastructure W3bstream mainnet set to launch: W3bstream is compatible with various L1/L2 blockchain networks such as Solana, Polygon, Arbitrum, Conflux etc.
5. Marshall DAO introduced by DePIN's democratic incentive program brings a new governance model to support network liquidity and early-stage DePIN projects and ecosystem donations.
6.IoTeX collaborates with FutureMoney Group to launch the $5 million DePIN accelerator program called DePINSurf.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Production Increase Falls Short, Layoffs First! Boeing (BA.US) Cuts 5% of Commercial Airplane Jobs, Delays 737 Monthly Production Target of 47 Aircraft to 2027
Stephanie Pope, head of Boeing's commercial airplanes division, informed employees in an internal memo on Monday that due to obstacles in increasing aircraft production, the division plans to cut 5% of its workforce.
After acquiring SpotHero, Uber (UBER.US) makes its debut in the parking sector with a parking space reservation feature, initially available in 15 U.S. cities
Uber has launched a brand new parking space reservation feature, which marks its first step in the parking sector following its acquisition of the parking app SpotHero earlier this year.
Crypto prices
More
