- In Q4 2024, the IOTA Foundation made significant strides, including the adoption of the IOTA Rebased protocol, setting the stage for its Mainnet launch in 2025.
- Key achievements included advancements in protocol development, enhanced tools for developers, and ecosystem growth, with the IOTA EVM surpassing $100M in Total Value Locked (TVL).
As 2024 came to a close, the IOTA Foundation showcased unparalleled progress across its departments, setting a solid foundation for 2025. The acceptance of the IOTA Rebased protocol by an overwhelming 98.37% majority in a community vote marked a transformative milestone, with the Mainnet release expected in the coming year. Here’s a comprehensive look at the key developments during Q4 2024.
Advancing the Core Protocol and Smart Contracts
The Core Protocol team made strides in stabilizing the IOTA Rebased Testnet by cleaning up deprecated code, addressing technical debt, and refining tokenomics with burn-slash rewards and base fees. Concurrently, the Consensus team advanced the Starfish protocol, working towards enhanced decentralization and scalability.
L1 and L2 Smart Contracts teams achieved significant milestones, including full JSON-RPC endpoint test coverage, deploying the Kiosk package, and implementing key gas concepts. Updates like Wasp v1.5.1 introduced cutting-edge debugging features, while the successful migration of components to IOTA Rebased brought the ecosystem closer to Mainnet readiness.
Empowering Developers and Ecosystem Growth
The Developer Experience (DevX) team focused on improving usability with updated tutorials, documentation, and interactive learning challenges like Capture the Flag. Their contributions, including automated reference generation and TypeScript SDK updates, enhanced IOTA’s developer engagement.
The Ecosystem Department launched IOTA Labs to foster innovation, rolled out a liquidity program pushing IOTA’s TVL beyond $100M, and prepared campaigns to drive community engagement.
Tooling and Infrastructure Improvements
The Tooling team introduced critical upgrades like a feature-rich IOTA Explorer and Wallet, alongside enhancements to the EVM Bridge for Testnet deployment. Dark mode support further improved user accessibility. Meanwhile, the DevOps team expanded infrastructure stability with streamlined validator setups and enhanced backup processes.
Real-World Adoption and Global Collaborations
The reimagined Product Adoption team focused on delivering industry-agnostic solutions, integrating IOTA into diverse sectors. Partnerships with entities like Impierce, Orobo, and the ETO Gruppe demonstrated IOTA’s growing influence in education, sustainability, and IoT.
The Trade Logistics and Information Pipeline (TLIP) achieved a milestone by operationalizing Kenya’s Single Window system node. Engagements at global conferences spotlighted TLIP as a game-changer in digital trade across Africa.
Governance, Legal, and Communications Highlights
IOTA Governance witnessed overwhelming support for Rebased, while the Legal and Regulatory Affairs team actively contributed to shaping global regulatory frameworks. Over 600 social media posts by the Communications team generated more than 4 million organic impressions, fueled by extensive coverage of IOTA Rebased.
As IOTA gears up for 2025, its achievements in Q4 2024 underscore a relentless commitment to innovation and global adoption. With the IOTA Rebased Mainnet release on the horizon, the foundation is set to redefine decentralized networks and industry collaboration.
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