IoTeX

IoTeX is a blockchain platform designed to connect physical-world devices and data streams to artificial intelligence systems and decentralized applications. It targets developers and enterprises that need verified, real-time data from hardware — such as mobility sensors, robotics, energy monitors, and health devices — fed reliably into software. The project describes its role as providing the data, identity, and verification layers that AI systems require when they cannot rely on purely digital inputs.

IoTeX operates its own blockchain network with a block time recorded as effectively zero minutes, indicating near-instant block production, though no consensus algorithm is specified in the available data. The IOTX token is used within the network to pay for transactions, participate in governance, and interact with decentralized applications built on the chain. The project also appears within the Ethereum and Base ecosystems, suggesting cross-chain presence, and supports account abstraction, which allows more flexible wallet and transaction structures for end users.

Over the trailing twelve months the IoTeX network collected approximately 55,116 USD in fees, representing what users paid to transact on the chain during that period. Despite that fee activity, the protocol recorded zero USD in revenue over the same trailing twelve months, meaning none of those fees were retained by the protocol itself as measured here. Total value locked on the chain stands at roughly 1,769,385 USD at the current point in time, and the market capitalization to TVL ratio sits at approximately 16.16, reflecting how the market values the network relative to assets deployed on it. The absence of protocol revenue means any fee-based yield or earnings measures for IoTeX would show nothing to calculate.