IoTeX Monthly Update (July 2025)
July brought tangible progress for IoTeX—from AI-powered infrastructure that pushes Physical Intelligence closer to reality, to core protocol upgrades that make the network leaner and more efficient, to strategic partnerships that expand our market reach in Asia’s fastest-growing hubs.
July brought tangible progress for IoTeX—from AI-powered infrastructure that pushes Physical Intelligence closer to reality, to core protocol upgrades that make the network leaner and more efficient, to strategic partnerships that expand our market reach in Asia’s fastest-growing hubs.
Key highlights include:
- Chapter 3 & Quicksilver Pre-Alpha – Announced the rollout of IoTeX’s AI expansion, with Quicksilver pre-alpha driving real-world AI applications. Usage climbed about 265% from a June average of 281 daily requests to 1026 in July, ahead of the planned September alpha launch with impactful customers. On the decentralized identity front, more than 12K ioIDs have now been minted on the IoTeX L1.
- Governance – Active community engagement with ~200M IOTX voted in 2025 and ~40% of total supply staked for decentralized governance. IIP-50 (focused on improving the service quality of delegates) is now open for discussion, while IIPs 51–53 (focused on decentralization, network speed, and scalability) are in the pipeline. Key IIPs like IIP-48, IIP-42, and IIP-30 continue to show strong impact.
- Core Protocol – IoTeX remains the fastest L1 with instant finality (per ChainSpect), following the v2.2 upgrade that reduced block time from 5s to 2.5s and boosted theoretical throughput to 2,000 TPS.
- Strategic Partnerships – Expanded IoTeX’s ecosystem with high-impact collaborations:
- The Graph integration for on-chain data indexing.
- HashKey HKD/IOTX listing (our 5th fiat pair), plus a shared exploration into RWA tokenization and ioID verification.
- U Power (UCAR) collaboration to tokenize EV charging and battery-swapping stations, enabling on-chain lifecycle management via IoTeX’s blockchain infrastructure.
- Additional partnerships in RWA, AI, and DePIN sectors positioning IoTeX as the go-to for physical AI infrastructure.
- Community & Developer Activation – Ecosystem bounty program, anti-scam bot deployments, content localization, and new growth initiatives for CGT winners.
- Regional & Event Presence – Strong visibility at MYBW, Vietnam Blockchain Week, HK DePIN Expo, Japan side events, Korea Blockchain Week, Taiwan Blockchain Week, plus Token2049 AI Summit.
These updates are more than incremental improvements. They establish the foundation for the next phase of IoTeX, where DePIN, AI, and autonomous systems operate together on a unified, verifiable infrastructure layer.
AI & Physical Intelligence
July was a fast track for IoTeX’s push into AI and Physical Intelligence, the convergence of real-world data, autonomous agents, and on-chain execution. From key advancements in Quicksilver to enabling the first autonomous multi-agent payments, the ecosystem is expanding its capabilities at pace, opening new possibilities for both developers and users.
Quicksilver & Unify
IoTeX’s Quicksilver framework (now in pre-alpha) hit a new peak of 1,700 daily requests, a 70% jump over June. Designed to help developers build AI agents powered by real-time, real-world data, Quicksilver uses a central orchestrator to route user queries to the most relevant agents and APIs. Underpinning its future growth, the team also designed the Unify Protocol, a universal layer for discovering, validating, and interacting with physical-world data sources, ensuring consistency and composability across AI applications.
ioPay + Agent Integrations
Quicksilver’s pre-alpha release provides the first experimental instance of a Realm—a dynamic knowledge base to power both internal and external applications. Internally, it drives integrations like binoAI in ioPay, letting users query on-chain data and interact with DePIN insights directly in their wallet. ioPay also rolled out a full visual redesign for a cleaner, more intuitive experience. Soon, internal tools like DePINscan will join, followed by external adopters such as the Caila and Nodey agents.
Payments & Multi-Agent Collaboration
IoTeX agents can now send and receive USDC for specialized data or tooling through the new x402-powered /message-paid endpoint. This capability was showcased in the first live multi-agent “swarm” collaboration, where Bino (DePIN) and Caila (weather) autonomously paid each other in micro-transactions of 0.001 USDC for out-of-domain requests — a milestone for autonomous, cross-specialization AI networks.
AI Ops
To make AI activity more transparent, the team replaced raw logs with LangFuse tracing, offering step-by-step visibility into agent decision-making. Public dashboards for Bino, Caila, and Nodey now allow anyone to monitor live performance metrics. On the community side, Bino began monitoring the IoTeX Discourse forum, flagging and hiding scam posts in real-time — an early example of AI-driven moderation.
New Integrations on the Horizon
Work also began on integrating Near Intents into IoTeX, paving the way for agents and applications to bundle user actions into trustless, cross-chain transaction flows.
"With stronger infrastructure, expanding global presence, and new technical capabilities coming online, we are entering a phase where ideas can move from concept to impact faster than ever. The next chapter will be defined by bold collaborations, real-world deployments, and an even greater role for our community in shaping the future of AI and Physical Intelligence." - Raullen Chai, CEO & Co-Founder of IoTeX
Governance
July brought major governance activity focused on decentralization, performance, and aligning IoTeX’s network mechanics with the needs of AI and Physical Intelligence applications.
- Active Proposals: IIP-50 (Slash Underperforming Delegates) is now open for community discussion, targeting improved consensus efficiency and delegate accountability.
- Upcoming IIPs: Three new proposals — IIP-51, IIP-52, and IIP-53 — will be introduced in August, focusing on decentralization, lowering staking barriers, and improving scalability.
- Community Engagement: In 2025 so far, roughly 200M IOTX have been cast in governance votes — a strong show of participation and representation.
- Key IIP Progress:
- IIP-48 — Expanded CIOTX adoption across multiple chains, boosting interoperability and driving strong multichain liquidity growth, as seen on IoTeX L1, BSC, Base, Ethereum, Polygon, and Solana.
- IIP-42 — Reduced block time to 2.5s, doubling TPS potential.
- IIP-30 — Completed the migration of ioUSDC to USDC.e, enhancing cross-chain liquidity and stability for USD-backed assets in the IoTeX ecosystem.
- Decentralization Score: IoTeX achieved a Nakamoto coefficient of 9, nearly four times higher than Ethereum, signaling strong resistance to validator collusion.
These milestones reflect IoTeX’s commitment to transparent, community-driven decision-making while pushing the protocol toward greater decentralization, stronger liquidity, and readiness for next-generation applications.
Core Protocol
Post-v2.2, IoTeX runs with a 2.5s block time and instant finality, with a max theoretical throughput of 2,000 TPS and ~830 max TPS (100-block window), per Chainspect. This aligns with the v2.2 goal of lower latency and higher capacity for real-time apps.
- Network activity (July): IoTeX reached a peak of 11K active wallets, averaged 250K transactions daily, and processed 150K cross-chain transactions, highlighting strong momentum and growing interoperability.
- Archive node optimization: New archive mode reduces storage by ~90% (≈5 TB → ≈500 GB), lowering costs for indexers and analytics.
- API nodes: Implemented and currently testing—256-block state queries for faster, targeted lookups that improve responsiveness for explorers, dApps, and AI agents.
- Staking data: Redesigned the staking index data structure (testing underway) to speed up delegate queries and dashboards.
- Cross-chain & analytics:
- Stability improvements to ioTube and added support for xStocks from Solana.
- Finalized archive-mode fixes used by Token Terminal and The Graph integrations to unlock richer indexing/analytics.
- These upgrades strengthen IoTeX’s L1 position as a high-performance, interoperable blockchain delivering faster execution, lower infrastructure costs, and a scalable foundation to handle growing cross-chain activity.
Strategic Partnerships & Market Expansion
- HashKey Exchange Listing:
- HKD/IOTX Trading Pair Listed on HashKey Exchange. Now one of the first five fiat pairs available under Hong Kong’s regulated framework, giving IoTeX compliant fiat access and secure on/off ramps for both retail and institutional participants.
- Expanding in a Key Financial Hub. Strengthening IoTeX’s presence in Hong Kong, a strategic gateway to Asia’s fastest-growing digital asset markets and a leading center for AI and next-generation infrastructure.
- Launching Hong Kong’s First AI Ecosystem Center. Partnering with HashKey to co-develop regulated digital asset rails designed for DePIN and autonomous systems, while establishing a hub to drive innovation, collaboration, and adoption across the region.
- NodeHub Integration:
- Partnership with Messiah to make IoTeX node deployment (from RPC nodes to delegate nodes) a one-click process via NodeHub.
- This lowers the barrier for developers, data providers, and governance participants, increasing decentralization and network resilience.
- Joint Initiative with U Power:
- Joining forces with NASDAQ-listed EV technology company U Power to integrate IoTeX’s trusted data and identity infrastructure into next-generation energy and transportation systems, creating new pathways for scalable, AI-powered mobility networks worldwide and advancing IoTeX’s Physical Intelligence roadmap.
Community & Developer Activation
July brought strong momentum across community engagement, developer initiatives, and ecosystem visibility, all contributing to IoTeX’s mission of enabling AI systems to access and verify real-world data.
- Ecosystem Bounty Program
- Crypto’s Got Talent (CGT)
- Season 1 winners were announced, and the Growth Package was launched to provide tailored marketing support, DePINscan placement, and outreach amplification.
- Preparations for Season 2 began in collaboration with 0G, offering $500K in grants to accelerate AI-driven innovation.
- Token Campaigns & Exchange Growth
- IOTX accessibility and liquidity were expanded through coordinated campaigns with Bitget, MIMO Launchpad, and Hyperliquid.
- Community Engagement & Localization
- The number of X shares grew by 463%, bookmarks increased by 130%, and reposts doubled compared to the previous month—reflecting a steady increase in community trust and engagement.
- Local presence in China, Korea, and Southeast Asia was strengthened through region-specific campaigns, anti-scam initiatives, and interactive AMAs.
- Campaigns & Partnerships
- Targeted campaigns highlighted key milestones, including the HashKey HKD/IOTX listing, the U Power partnership, and several major ecosystem updates.
Overall, July’s coordinated mix of global campaigns, local community activations, and developer-focused programs significantly deepened trust, expanded IoTeX’s reach, and reinforced its foundation for AI and DePIN adoption.
Regional & Event Presence
Riding recent momentum, the IoTeX team is excited to enter a pivotal stretch of high-profile appearances across Asia. These stages create opportunities to engage directly with our community, gather perspectives, exchange insights, and build the future of decentralized real-world infrastructure together.
- Malaysia Blockchain Week (July 25): R3al World-themed side event drew 300+ attendees and secured new leads for AI and infrastructure collaborations.
- Upcoming August/September Events:
- Vietnam Blockchain Week (Aug 1–2)
- Hong Kong DePIN Expo (Aug 27–28, booth + speaker slot)
- Japan R3al World during WebX) Aug 25 with 0xC, OKJ, and NEC, with sponsors like Wingbits and GEODNET)https://lu.ma/4g2180bc
- Korea Blockchain Week R3al World (sept 22 ) with Geodnet as partners, in cooperation with Tokenpost and Bloomingbit https://lu.ma/r3al-world-seoul
These events also serve both as targeted business development opportunities and as strategic engagements for advancing IoTeX’s vision, with AI and Physical Intelligence as the unifying themes. Each presence is designed to catalyze major partnerships, accelerate adoption across priority markets, and convert regional visibility into enduring market leadership. This year we have seen specifically more interest in web2 companies such as the case of NEC (Nippon Electric Company).
What's Coming Next
The months ahead will bring ambitious partnerships, real-world deployments, and an even greater role for the IoTeX community in driving the evolution of AI and Physical Intelligence.
On the technology front, the highly anticipated alpha launch of Quicksilver is targeted for the near term. Following valuable insights from its pre-alpha phase, which validated key data query, analysis, and response workflows, Quicksilver is now primed to open its capabilities to a wider audience.
The new framework will enable AI agents to query, analyze, and act on trusted real-world data from connected devices. The Alpha interface will unlock real-time, real-world data for AI and creates fresh opportunities for developers, partners, and innovators across the ecosystem.
In parallel, exploratory work is advancing on a potential reserve model designed to strengthen IoTeX’s long-term stability and ecosystem growth. Establishing such a mechanism can help provide a consistent foundation for network incentives, buffer against market volatility, and ensure the resources needed to support sustainable innovation over time.
And on the events side, IoTeX is returning to Token2049 Singapore this September for the second annual R3al World Flagship Summit! Featuring forecast outlooks from industry leaders and live demos in robotics, agentic models, and RWA tokenization, R3al World is cementing its place as the global stage for Physical AI innovation. Registrations open next week... mark your calendar so you don’t miss it.
Leading up to the Summit, IoTeX will also be hosting R3al World Happy Hour events in both Seoul during KBW and Tokyo during WebX, bringing the community together for networking, project showcases, and early previews of what’s next in the IoTeX ecosystem.
Conclusion
This month’s achievements highlight the accelerating momentum and influence of the IoTeX network. With reinforced infrastructure, an expanding global footprint, and advanced new capabilities, we are entering a stage where bold visions quickly translate into real-world impact.
Major exchange integrations, AI and Physical Intelligence breakthroughs, and ecosystem growth across partnerships, events, and community programs combined with record social engagement and critical infrastructure upgrades have strengthened IoTeX as the trusted ecosystem connecting real-world data to AI.
The momentum we’ve built this month sets the stage for even bigger moves in the months ahead. Whether you’re a developer, partner, or community member, there’s never been a better time to get involved.
Start building, connecting, and exploring with IoTeX:
- 🌐 Visit us at iotex.io
- 🐦 Follow us on X: @iotex_io
- 💬 Join the conversation on Discord
- 📚 Dive into the docs at docs.iotex.io