Messari.io
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13:30 Apr 28, 2025
In Q1 2025, IoTeX advanced its DePIN and AI initiatives with the launch of Quicksilver, a framework that enables AI agents to act on decentralized physical data. New partnerships with GEODNET and Nubila integrated device-level verifiability through ioID, supplying verified data inputs for the Quicksilver framework. Average daily active wallets and transactions declined QoQ but remained up 850% and 2,250% YoY, respectively. Total network fees decreased 55% QoQ to $201,000 but were still up 980% YoY, with ioID activation fees showing relative resilience compared to other revenue sources.