IOTA has released its first quarter (Q1) 2025 report, highlighting the ecosystem’s preparation. This report comes as the IOTA team prepares for the Rebased mainnet launch, which will happen soon.
Progress in the Rebased Mainnet Launch
IOTA commented on its official X account that all teams have worked in unison to finalize core infrastructure, build adoption, and grow the ecosystem.
Image Source: IOTA on X
As we covered in our latest report, the IOTA Foundation recently introduced the Rebased protocol set to improve the network’s scalability, programmability, and decentralization. The Protocol also establishes a completely decentralized Layer-1 network with the addition of advanced features.
With a vote by the community in December of 2024 to make the transition, Rebased is currently gearing up to launch its mainnet. The IOTA Foundation also recently initiated a public testnet for IOTA Rebased. This allowed users and developers to try its functionality before the mainnet release.
In the recently released Q1 report, the IOTA Foundation said the network is entering Q2 with strong momentum. This is in addition to readiness and a clear path forward with the much-anticipated launch of IOTA Rebased.
According to the report, developers are set up for success with IOTA Rebased as audits for ISC and core tooling are completed or in motion. Notably, the ISC team focused primarily on ensuring compatibility between IOTA EVM and IOTA Rebased, and it has successfully deployed a compatible version to testnets.
Currently, the ISC team is undergoing a Sherlock audit to verify the security and soundness of this implementation. The team also developed migration tools for smoothly transitioning data from the Stardust-compatible version to IOTA Rebased. Incremental improvements to the existing production IOTA EVM accompany this transition.
In our last update, we examined that IOTA Rebased will introduce transaction fees for users and validators to sustain the network. This will greatly improve the protocol’s operation while simplifying its tokenomics. The IOTA Rebased Protocol is also expected to increase transaction processing to over 50,000 per second.
IOTA’s Q1 2025 Expansion
Besides the IOTA Rebased preparation, IOTA made remarkable progress in other endeavors in Q1 2025. Notably, the Product Adoption team launched the IOTA Gas Station to remove onboarding friction and updated the IOTA Identity for full Move compatibility.
This open-source solution removes onboarding friction by eliminating gas fees, streamlining the user experience, and enabling more accessible interactions with Decentralized Applications (dApps) on the IOTA network.
On the enterprise front, the Business Development team focused on supporting connections within the Move VM ecosystem.
The team also engaged infrastructure providers and developers from networks like Sui, Aptos, and Movement. These engagements helped position IOTA’s offerings while promoting collaboration opportunities connected to the rebased upgrade, the grant program, and ongoing hackathon events.
Furthermore, industry insiders speculate that the IOTA network is working on an on-chain order book, Decentralized Exchange (DEX). As explained in our last update, IOTA’s proposed DEX could resolve major challenges like slippage, impermanent loss, and high gas fees faced by Automated Market Makers (AMMs).