IoTeX DEFI Ecosystem Booming: 900+ Developers Building Projects

[EAA-ALLAH]

The IoTeX platform is not built on Ethereum but is completely compatible with the Ethereum Virtual Machine. That means that both ioTube and IoTeX work seamlessly with other chains.

The legacy finance dam is about to break. When it does, the flood of retail investors and institutional money will rush into DeFi platforms like ioTube that is powered by IoTeX. These DeFi applications are poised to submerge legacy financial institutions in a sea of more attractive alternatives and ioTube is leading the way.

The IoTeX Blockchain – Reaching Critical Mass
IoTeX is a platform whose mission is to enable a borderless ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. The team and their partners are building a future where users, not institutions, are in complete control of their devices and data. In addition to working on IoT (Internet of Things), IoTeX is also building a robust ecosystem of DeFi (Decentralized Finance) applications that allow for transactions across different blockchains, for swapping cryptocurrency tokens, minting NFTs, Supply Chain tracking, Decentralized Identity, and much more. This ecosystem is rapidly growing as can be seen by the steady increase in transactions on their blockchain.

According to LunarCrush, a leading source of information and analysis of crypto investors, funds, and exchanges, over the past 12 months:

The price of $IOTX (the native token of IoTeX) increased by roughly 1,000%
Social Engagement has grown over 1,015,873%. Yes, 1,000,000% percent growth in social awareness and engagement year over year. source