IOTA (IOTA) increased by 15.17% in the last 24 hours.

Gate News Bot news, on July 14th, according to CoinMarketCap, as of the time of publication, IOTA (IOTA) is currently priced at $0.22, rising 15.17% in the last 24 hours, with a high of $0.23 and a low of $0.15. The current market capitalization is approximately $842 million, an increase of $111 million compared to yesterday.

IOTA is a distributed ledger technology platform designed for the Internet of Things era, aimed at establishing the foundation of a new digital economy. It offers a set of integrated solutions, including the IOTA mainnet, Move-based Layer 1 smart contracts, high-performance Layer 2 EVM, IOTA identity, IOTA tokenization, and IOTA wallet tools. IOTA is committed to providing secure and efficient blockchain solutions for global supply chains, digital identity verification, intellectual property management, and other fields.

Important news about IOTA recently:

1️⃣ IOTA launches EVM compatibility upgrade, targeting DeFi and physical assets The IOTA Foundation announced the launch of the Ethereum Virtual Machine (EVM) compatibility upgrade on June 5, 2024. This significant technical update aims to expand the functionality of the IOTA ecosystem, especially in the areas of decentralized finance (DeFi) and tokenization of physical assets. EVM compatibility will enable IOTA to support a wider range of smart contract applications, with the potential to attract more developers and projects into the IOTA ecosystem.

2️⃣ The European Commission selects IOTA to participate in the Web3 ID blockchain sandbox project The European Commission recently chose IOTA to participate in its Web3 ID blockchain sandbox project. This decision highlights IOTA's technological strength and potential in the digital identity field. Participating in this project will provide IOTA with the opportunity to collaborate directly with EU regulators, helping to promote the application and compliance of its technology across Europe.

3️⃣ IOTA Foundation registers ecosystem foundation in Abu Dhabi On November 29, 2023, IOTA registered its ecosystem foundation in Abu Dhabi, a move that caused the IOTA token price to rise significantly by 43%. Establishing a legal entity in the Middle East marks IOTA's active expansion of its global influence and may open new opportunities for its development and collaboration in the region.

From a technical perspective, IOTA is continuously enhancing the functionality and interoperability of its ecosystem through a series of significant upgrades and strategic collaborations. These initiatives are expected to improve IOTA's competitiveness in the Internet of Things and blockchain fields, laying a foundation for its long-term development.

This message does not constitute investment advice; investors should be aware of market volatility risks.