- Rebased upgrade caused IOTA’s price to plummet.
- Market sentiment remains weak.
- Developer activity stagnates post-upgrade.
The IOTA Rebased upgrade consequences are critical, as investors seem unconvinced. A significant price drop signals broader implications for trust and adoption in the cryptocurrency market.
IOTA’s Rebased Upgrade Highlights
IOTA’s Rebased upgrade, launched on May 5, 2025, aimed to introduce smart contracts and full decentralization. The upgrade replaced the Firefly wallet and altered the staking system, impacting users’ overall interaction and adoption.
Dominik Schiener, Co-Founder & Chairman of the IOTA Foundation, stated, “IOTA’s technical upgrades are designed to enhance user experience and increase developer engagement.”
Despite high expectations, the market’s response was muted, with prices dropping from $0.2746 to $0.15, a 41% decline.
Market Reaction and Consequences
The price drop reflects broader market uncertainties, affecting investor confidence. IOTA saw significant disengagement, with transaction volumes falling 86% and only 8,376 active addresses.
With only $9.76 million in total value locked, IOTA’s ecosystem lags behind. The high-staking rate of 13.47% hasn’t translated into user growth, indicating challenges for long-term success.
Historical analysis suggests that IOTA needs to increase adoption and on-chain activity to recover. Efforts must focus on converting the technical upgrade into tangible growth to stabilize prices and gain user trust.
About the author
Binance to Support Horizen (ZEN) Contract Swap in July 2025
Binance to facilitate Horizen (ZEN) contract swap, pausing deposits/withdrawals on July 21, 2025.
KaJ Labs Allocates $160M to Bitcoin for AI Network
KaJ Labs, a Singapore-based blockchain entity, announced a significant Bitcoin purchase aimed at bolstering Imagen Network’s AI infrastructure.
Kraken Secures MiCA License in Ireland for EEA Access
Kraken has obtained the MiCA license from the Central Bank of Ireland, enabling access to the 30-member European Economic Area.
European Commission to Alter Stablecoin Rules Amid ECB Concerns
European Commission proposes easing foreign stablecoin rules, clashing with European Central Bank's financial caution.
Coinbase Lists Wormhole (W) on Listing Roadmap
Coinbase, a leading US cryptocurrency exchange, adds Wormhole to its coin listing roadmap, highlighting its cross-chain capabilities and potential to boost market activity and enhance DeFi integration.
Fannie Mae, Freddie Mac Recognize Crypto in Mortgage Assessments
Fannie Mae and Freddie Mac now factor cryptocurrency holdings in mortgage risk assessments, expanding borrower asset qualifications.
Related
Binance to Support Horizen (ZEN) Contract Swap in July 2025
Binance to facilitate Horizen (ZEN) contract swap, pausing deposits/withdrawals on July 21, 2025.
KaJ Labs Allocates $160M to Bitcoin for AI Network
KaJ Labs, a Singapore-based blockchain entity, announced a significant Bitcoin purchase aimed at bolstering Imagen Network’s AI infrastructure.
Kraken Secures MiCA License in Ireland for EEA Access
Kraken has obtained the MiCA license from the Central Bank of Ireland, enabling access to the 30-member European Economic Area.
European Commission to Alter Stablecoin Rules Amid ECB Concerns
European Commission proposes easing foreign stablecoin rules, clashing with European Central Bank's financial caution.
Coinbase Lists Wormhole (W) on Listing Roadmap
Coinbase, a leading US cryptocurrency exchange, adds Wormhole to its coin listing roadmap, highlighting its cross-chain capabilities and potential to boost market activity and enhance DeFi integration.
Arctic Pablo, Gigachad, Ponke: Top Meme Coins to invest in This Week
Explore why Arctic Pablo Coin is among the Top Meme Coins to invest in This Week, alongside Gigachad and Ponke updates. Catch Arctic Pablo’s presale now.
Be the first to leave a comment