The decentralized physical infrastructure network (DePIN) movement is reshaping the future of blockchain, and at the heart of this transformation stands IoTeX—a rapidly expanding ecosystem positioning itself as the leading DePIN layer for the entire crypto universe. With the launch of IoTeX 2.0, a cutting-edge modular tech stack designed specifically for DePIN innovation, the network has attracted a surge of builders, developers, and real-world projects leveraging blockchain to power tangible infrastructure.
Today, the IoTeX ecosystem hosts 218 active projects, including 51 dedicated DePIN initiatives, making it the third-largest DePIN ecosystem globally—right behind Ethereum and Solana, according to Messari. Beyond raw numbers, what truly sets IoTeX apart is the momentum: rapid product launches, successful node sales, major fundraising rounds, and strategic integrations across Web3 infrastructure. Platforms like DePINscan now track over 280 DePIN projects and 18 million devices, with IoTeX playing a central role in powering this growth.
And the best is yet to come. In the coming months, IoTeX is set to launch Get GOATed Season 2, the largest growth campaign in DePIN history, featuring 100 million $IOTX in incentives to onboard new users and projects. This marks a pivotal moment for the ecosystem—one that could redefine how decentralized networks interact with the physical world.
👉 Discover how IoTeX is powering the next wave of decentralized infrastructure.
The Rise of DePIN on IoTeX
DePIN is no longer just a niche trend—it’s a foundational shift in how digital networks are built and governed. IoTeX has emerged as a preferred launchpad for DePIN innovators due to its optimized architecture, developer support programs, and real-world device integration capabilities. Through initiatives like the DePIN Surf Accelerator and the IoTeX Ecosystem Fund, the team has provided technical mentorship, fundraising support, and go-to-market strategy guidance to help early-stage projects scale.
What’s particularly exciting is the diversity of use cases now flourishing on IoTeX—from AI-powered computing and environmental monitoring to connectivity networks and renewable energy solutions. Many of these projects are already live, generating real-world data and user engagement, with several preparing for token launches directly on the IoTeX L1 blockchain.
A key driver of this momentum is IoTeX 2.0, which introduced DePIN Infrastructure Modules (DIMs)—modular, plug-and-play tools that simplify development for builders. Notable DIMs include:
- ioID: A decentralized identity system for devices and users.
- W3bstream: A verification engine that securely processes off-chain data from physical devices.
These tools are not only being adopted by native IoTeX projects but are also attracting external ecosystems looking to integrate DePIN functionality.
Spotlight on Key DePIN Projects
Several standout projects illustrate the depth and potential of the IoTeX-powered DePIN landscape:
- Network3 has raised **$5.5M** from top-tier VCs and launched a local large language model (LLM) that runs AI directly on smart devices. With over **340,000 nodes** across 180+ countries and more than **2 petabytes of data transmitted**, Network3 is preparing for its $N3 token launch on IoTeX.
- Nubila focuses on environmental data collection for ESG analytics. After raising $2.5M, acquiring meteorological hardware firm Bloomsky, and launching a successful device pre-sale, Nubila is expanding its global sensor footprint.
- Wayru is building a decentralized global WiFi network. Its Genesis hotspot sold out quickly, and the next-gen WiFi miners are now in pre-sale. Wayru users can already mint devices on-chain, with a token launch on IoTeX planned.
- Inferix is creating a decentralized GPU network for AI inference. Its innovative Proof-of-Rendering (PoR) algorithm verifies visual computing tasks, bridging traditional AI demand with DePIN supply.
- PowerPod is revolutionizing EV charging with a shared renewable energy network. With over 2,750 devices deployed across four countries, PowerPod has also pioneered RWA-based NFTs in partnership with Mamator.
- Envirobloq uses IoTeX’s Pebble Tracker to collect smart home data and is one of the top validators on the IoTeX network.
- Scannit, a scan-to-earn platform, raised $1.5M to unlock consumer retail data via AI insights and launched its DApp at Token2049.
- WatchX collects health data from wearables and recently sold out its NFT collection, offering future benefits in its wellness DApp.
- Innovex is launching a DePIN-focused L2 on IoTeX to power decentralized AI computing.
These projects are not isolated successes—they represent a growing trend of real-world impact powered by blockchain transparency and community ownership.
Expanding Infrastructure & Ecosystem Partnerships
IoTeX’s strength lies not just in its native projects but in its ability to attract best-in-class Web3 infrastructure providers. The ecosystem now integrates:
- Filecoin & Irys for decentralized storage
- NEAR (Nuffle) for data availability
- Espresso for sequencing
- The Graph for data indexing
- Risc0 for zero-knowledge proofs
- Streamr for real-time data connectivity
- Phala for trusted execution environments (TEEs)
Recent partnerships with Data Availability (DA) solutions like Dill, Orochi, and Unibase further enhance flexibility for developers. Meanwhile, integrations with The Graph, Streamr, and Filecoin + Textile are enabling robust data pipelines for DePIN applications.
Wallet support has also expanded significantly. The integration with OKX Wallet brings IoTeX to millions of global users, alongside support from Gate Wallet, Coin98 Wallet, and OneKey. Security has been strengthened through collaborations with auditors like Beosin and Fuzzland, while analytics transparency is now enhanced via Dune Analytics.
👉 See how top wallets are integrating with emerging DePIN ecosystems.
DeFi for DePIN: Building Financial Infrastructure
As DePIN grows, so does the need for tailored financial services. A vibrant DeFi ecosystem is now emerging on IoTeX, designed to support the unique needs of DePIN projects—from liquidity provisioning to stablecoins and derivatives.
Leading this charge is mimo, IoTeX’s first major DEX, which offers over 40 trading pairs and previously achieved over $25M in TVL. The introduction of the DePIN Liquidity Hub allowed tokens from other chains—like GEODNET, Mysterium, and Streamr—to be bridged to IoTeX with boosted incentives, creating a cross-chain DePIN trading hub.
Other notable DeFi protocols include:
- Bedrock: The world’s first multi-asset liquid restaking protocol supporting IoTeX. Over 450M $IOTX** have been restaked, generating more than **$20M in TVL.
- Magma: A non-custodial liquid staking protocol where users collateralize $IOTX or $USDC to mint $WEN, a dollar-pegged stablecoin. It currently holds over **$3M in deposits**.
- Loxodrome: A perpetuals exchange offering up to 50x leverage on $IOTX, recently hosting a trading competition with 72,000 $veLOXO in rewards.
- Quenta: A derivatives platform that issued OG Passes to early adopters, unlocking staking, LP, and futures trading opportunities.
- PinSwap: A low-fee DEX focused on yield farming and AI-driven trading strategies.
In collaboration with OKX, IoTeX is preparing a major “DeFi for DePIN” campaign to drive user adoption across these protocols. With new integrations announced for PinSwap, Loxodrome, and Magma via OKX Wallet, expect increased liquidity and trading volume in the near term.
Cross-Chain Expansion: IoTeX as a DePIN Enabler
IoTeX isn’t just building within its own ecosystem—it’s becoming a foundational technology provider for other Layer 1 networks. By opening access to its modular DePIN stack, IoTeX is enabling other blockchains to integrate real-world infrastructure capabilities seamlessly.
Key cross-chain integrations include:
- Solana: A two-way bridge launched in September enables liquidity aggregation between two of the largest DePIN ecosystems.
- Polygon: Integration with Polygon’s AggLayer allows Polygon-based projects to leverage IoTeX’s DIMs for cross-chain DePIN use cases.
- Telegram (TONX): Partnering with TONX to bring DePIN to Telegram’s massive 950M-user base by co-developing infrastructure for the TON ecosystem.
- Injective: Enables seamless asset transfers between chains, unlocking new DePIN + DeFi applications.
- Irys: Provides immutable data storage solutions for DePIN builders requiring high data integrity.
These integrations underscore Io&Tex’s vision: not just to host DePIN projects, but to become the infrastructure layer that powers DePIN across the entire crypto landscape.
What’s Next for IoTeX?
The final stretch of 2024 promises explosive growth. Following the success of Get GOATed Season 1—which brought over 30,000 new community members—IoTeX is launching Get GOATed Season 2 with 100 million $IOTX in incentives to accelerate adoption.
Additionally, two flagship products developed over the past year are nearing launch:
- The official release of ioID, enabling secure device identity management.
- The rollout of W3bstream, providing verifiable off-chain computation for IoT devices.
Together, these tools will empower developers to build more secure, scalable, and trustworthy DePIN applications than ever before.
Frequently Asked Questions
Q: What makes IoTeX different from other blockchain platforms?
A: IoTeX is purpose-built for DePIN, combining high-performance blockchain infrastructure with real-world device integration through tools like Pebble Tracker, ioID, and W3bstream—making it ideal for IoT and physical infrastructure projects.
Q: How many DePIN projects are currently on IoTeX?
A: There are over 51 active DePIN projects on IoTeX, making it the third-largest DePIN ecosystem globally after Ethereum and Solana.
Q: Can I stake or earn yield on IoTeX?
A: Yes—protocols like Magma (liquid staking), Bedrock (restaking), and mimo (liquidity mining) allow users to earn yield using $IOTX and other assets.
Q: Is IoTeX compatible with other blockchains?
A: Yes—IoTeX has established bridges with Solana, Polygon, Injective, and others, enabling cross-chain interoperability for DePIN and DeFi applications.
Q: What is Get GOATed Season 2?
A: It’s a major ecosystem growth campaign offering 100 million $IOTX in rewards to new users and projects joining the IoTeX network in late 2024.
Q: How can developers start building on IoTeX?
A: Developers can access documentation, SDKs, and DIM modules at docs.iotex.io and join accelerator programs like DePIN Surf to receive funding and mentorship.
The future of decentralized infrastructure is being built today—and IoTeX is at the forefront. With a thriving ecosystem of real-world projects, deep technical innovation, and strategic cross-chain expansion, IoTeX is not just participating in the DePIN revolution—it’s leading it.
👉 Join the movement shaping the future of decentralized infrastructure.