The IOTA Rebased upgrade, launched on May 5, 2025, has resulted in a significant 41% price drop. Despite optimistic intentions, the market's reaction has been negative.
Highlights of IOTA's Rebased Upgrade
The Rebased upgrade aims to introduce smart contracts and full decentralization. It replaced the Firefly wallet and altered the staking system, affecting user interaction and adoption.
Market Response and Consequences
The price drop from $0.2746 to $0.15 indicates broader market uncertainties, negatively impacting investor confidence. Transaction volumes fell by 86%, leaving only 8,376 active addresses.
Future Steps for IOTA
Analysis suggests that IOTA must increase adoption and on-chain activity to recover. Successful conversion of the technical upgrade into tangible growth is essential for stabilizing prices and building user trust.
The IOTA Rebased upgrade has led to significant price losses, emphasizing the necessity of enhancing user trust and participation in the ecosystem for long-term success.
