IOTA (IOTA) Exchange

About IOTA

IOTA is the native token of the IOTA network, a distributed ledger originally launched in 2015 as a feeless Directed Acyclic Graph (DAG) called the Tangle, designed for Internet of Things (IoT) machine-to-machine micropayments. In May 2025, IOTA underwent a major transformation: IOTA Rebased replaced the original Tangle architecture with a Move-based Layer 1 blockchain featuring object-centric smart contracts, delegated proof-of-stake consensus with up to 150 permissionless validators, and the Mysticeti consensus protocol, which targets sub-second finality. The upgrade was approved by the IOTA community in a governance vote and brought IOTA from a specialized IoT messaging layer into a fully programmable smart-contract platform comparable to Sui and Aptos (which also use the Move language). IOTA Rebased supports both MoveVM (for native Move smart contracts) and EVM (for Ethereum-compatible dApp deployment), giving developers two paths to build on the network. The IOTA Foundation, a Berlin-based nonprofit, supports the network, whose real-world deployments include the Trade Logistics Information Pipeline (TLIP) for digitizing global trade documentation and supply chain finance.

IOTA tokenomics

IOTA Rebased introduced a fundamentally new economic model. The original IOTA had a fixed supply with zero fees and zero staking rewards. Rebased replaced this with a dynamic supply that mints new tokens for staking rewards and burns tokens through transaction fees.
Supply — existing IOTA tokens migrated to the Rebased mainnet at launch; about 4.72 billion IOTA were in circulation as of November 2026, according to CoinGecko, and CoinGecko lists no maximum supply
Epoch minting — 767,000 new IOTA minted per epoch (approximately every 24 hours), distributed to validators and their delegators as staking rewards
Initial inflation — approximately 6% annually; the rate declines over time because the 767,000 per-epoch mint stays constant while the total supply grows, making each minting event a smaller percentage of the whole
Fee burning — all transaction fees are burned, creating deflationary pressure proportional to network usage; the net supply direction depends on whether fee burns exceed staking emissions in any given period
Staking — delegated proof-of-stake with up to 150 validators; delegators stake IOTA with validators and earn a proportional share of epoch rewards minus the validator's commission
Consensus — Mysticeti protocol: parallelized DAG-based block production with sub-second finality

What determines IOTA's value

IOTA's value now depends on whether the Rebased upgrade can attract developers and users to a Move-based Layer 1 that enters a competitive landscape already occupied by Sui, Aptos, Ethereum, Solana, and Avalanche. The technical stack is strong: Move's resource-oriented programming model prevents common smart-contract vulnerabilities, the Mysticeti consensus belongs to the same protocol family that Sui uses, and dual MoveVM/EVM support lowers the migration barrier for existing Ethereum developers.

The differentiation from Move-chain competitors lies in IOTA's decade-long real-world infrastructure focus. The TLIP trade logistics platform, digital identity solutions for enterprise and government use cases, and partnerships in supply chain finance target institutional adoption that pure DeFi chains typically do not prioritize. The staking reward system creates holding incentive that the original feeless IOTA lacked, and the fee-burn mechanism ties network activity to supply reduction. Whether IOTA can convert its research heritage and IoT positioning into meaningful TVL, developer activity, and transaction volume on the Rebased chain determines the token's trajectory in the post-upgrade era.