u.today
The clock is ticking for $IOTA, as the highly awaited $IOTA rebase upgrade will go live within the next 24 hours, marking a pivotal moment for the $IOTA network as it enters a new phase.
The $IOTA Rebased network upgrade, which will go live May 5, 2025, represents a historic shift as the network migrates from the current Stardust architecture to the all-new $IOTA network.
The upgrade heralds a new era for $IOTA, promising increased decentralization (up to 150 validators), scalability with over 50,000 TPS and subsecond finality, and $IOTA staking rewards.
The network will shut down to pave the way for a new chain through a Genesis Ceremony conducted by the $IOTA Foundation and an initial group of 12 other validators run by trusted entities.
$IOTA secures key integration
Ahead of this major milestone, $IOTA has announced its partnership and technology integration with Zodia Custody, a custodial service provider for digital assets.
As a result of the partnership, institutional investors, including large funds, would leverage Zodia Custody to buy, hold and manage $IOTA tokens on their behalf. This opens a key gateway to institutional markets for $IOTA.
The integration with Zodia Custody will go live with the $IOTA Rebased mainnet upgrade May 5, 2025.
$IOTA price action
At the time of writing, $IOTA was down 1.27% in the last 24 hours to $0.206. $IOTA has embarked on a quiet rally since mid-April, reaching highs of $0.242 before reclining into consolidation. At one point in the rise, $IOTA rallied for eight straight days from April 21 to April 28, building on a rebound that started from lows of $0.1307 on April 7.
Currently, $IOTA is consolidating within its daily SMA 50 and 200 at $0.18 and $0.2304, with a break in either direction determining the next move.