IOTA
IOTA
Market cap$181M
Updated - ago
IOTA dropped 4.88% over the past 24 hours to trade at $0.037858, pressured by persistent tokenomics dilution and scheduled supply unlocks.1 Despite ongoing infrastructure real-world asset updates, broader crypto headwinds and supply overhangs continue to constrain near-term price action.1 Open interest stands at $1.1M with a light $297k in 24-hour volume.
IOTA is a distributed ledger technology platform designed specifically for the Internet of Things (IoT) ecosystem. Rather than using a traditional blockchain architecture, IOTA employs a directed acyclic graph (DAG) data structure called the Tangle, which theoretically enables scalability without transaction fees and allows for parallel transaction processing. The native token, also called IOTA, serves as the currency within the network and facilitates microtransactions between connected devices. Key technical features include feeless transactions, quantum-resistant cryptography, and partitioned architecture to support high-throughput, low-latency operations across massive networks of autonomous machines. IOTA is notable for targeting enterprise-level IoT applications where traditional blockchain systems face scalability limitations, positioning itself as infrastructure for machine-to-machine communications, supply chain tracking, and sensor data monetization. The project has attracted significant institutional interest and partnerships with industrial organizations seeking decentralized solutions for IoT data integrity and autonomous device coordination.