IoTeX

IoTeX is a blockchain platform designed to connect real-world physical devices — such as sensors, robots, and energy systems — to AI applications and decentralized software. It claims to address the problem of trustworthy data flowing from the physical world into AI models, serving developers who want to build applications that depend on verified, real-time data. The native token, IOTX, operates within this ecosystem across more than 100 projects and approximately 40 million connected devices spanning sectors such as mobility, health, and energy.

IoTeX operates as its own blockchain with a block time recorded as effectively near-instant, and it sits within both the Ethereum and Base ecosystems, suggesting compatibility with those environments. IOTX functions as the utility token of the network, used to pay for transactions and services across the IoTeX stack, which provides data, identity, and verification layers for connected devices and AI systems. The consensus algorithm is not recorded in the available data, so no further mechanical detail can be confirmed here.

The protocol generated fees of approximately 4.29 USD in the most recent 24-hour period, 65.76 USD over the trailing seven days, 371.47 USD over the trailing 30 days, and 38,454.03 USD over the trailing 12 months, with fees declining 59.22 percent over the most recent 30-day window. Annualizing the trailing 30-day fee figure produces an annualized fee estimate of approximately 4,519.55 USD, which is very small relative to the market capitalization of roughly 39.5 million USD, yielding a market-cap-to-annualized-fees ratio of 8,679.58. Revenue — meaning the portion of fees retained by the protocol itself — is recorded as zero for the trailing 24-hour period, the trailing 30 days, and the trailing 12 months, indicating that none of the fee flow is currently captured as protocol revenue under the definitions used here.