{"id":8027,"date":"2025-08-17T19:43:04","date_gmt":"2025-08-17T19:43:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/iota-rides-rebased-upgrade-to-record-tvl-token-eyes-bullish-breakout\/"},"modified":"2025-08-17T19:43:38","modified_gmt":"2025-08-17T19:43:38","slug":"iota-rides-rebased-upgrade-to-record-tvl-token-eyes-bullish-breakout","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/iota-rides-rebased-upgrade-to-record-tvl-token-eyes-bullish-breakout\/","title":{"rendered":"IOTA rides rebased upgrade to record TVL, token eyes bullish breakout"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">IOTA\u2019s Rebased upgrade is paying off. Just months after launch, the layer-1 network has hit an all-time high $36 million in total value locked, fueled by double-digit staking yields and rising transaction activity \u2014 momentum that has chart watchers betting on a bullish breakout toward $0.50.<\/p>\n<div id=\"cn-block-summary-block_d37c7cbe10db50eca719e22628826962\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>IOTA price token was flat on Sunday, Aug. 17.\u00a0<\/li>\n<li>Its monthly network transactions jumped by over 30%.<\/li>\n<li>The total value locked rose to a record high of $36 million.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">IOTA transactions and TVL jumps<\/h2>\n<p>IOTA (IOTA) token was trading around $0.2125 at last check on Aug. 17, up by 50% from its lowest level this year.\u00a0<\/p>\n<p>IOTA, a layer-1 network, is performing relatively well, just a few months after launching the Rebased upgrade.<strong> <\/strong>Rebased was a major upgrade that introduced more decentralization by adding new validators.\u00a0<\/p>\n<p>It also enabled IOTA holders to stake their tokens and earn double-digit returns. Nansen data shows that it now has staking yield of 13%, higher than most coins.\u00a0<\/p>\n<p>Rebased also introduced MoveVM smart contracts, enabling developers to build their decentralized applications in areas like DeFi and gaming.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Data shows that the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/iota\" target=\"_blank\">total value locked<\/a> in IOTA\u2019s platform has continued rising this month and currently stands at an all-time high. Swirl, the biggest liquid staking platform, jumped by 2.8% in the last 30 days to $17.14 million.\u00a0<\/p>\n<p>Pools Finance\u2019s TVL rose to $11 million, while Virtue has gained $8.14 million. This brings its TVL to $36 million, up from $10 million in July this year. While this TVL is still smaller compared to its peers, it is moving in the right direction.<\/p>\n<p>IOTA\u2019s network is also growing in terms of transaction growth. It handled 779,900 transactions in the last 30 days, a 31% increase, indicating that users are interacting with it.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">IOTA price technical analysis<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">IOTA price chart: Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the IOTA token formed a double-bottom pattern at $0.1420, its lowest level in April and June this year. A double-bottom is a typical bullish reversal pattern characterized by two distinct lows and a neckline, which, in this case, is at $0.2742.\u00a0<\/p>\n<p>IOTA token has moved slightly above the 50-day and 100-day moving averages. The Relative Strength Index and the MACD indicators have moved sideways.<\/p>\n<p>Therefore, the IOTA price will likely bounce back and possibly retest the key resistance point at $0.2742, its highest point in May, and the neckline of the double-bottom pattern.\u00a0<\/p>\n<p>A move above that level will indicate further gains, potentially reaching the psychological point at $0.50, which is up 135% from the current level. A drop below the double-bottom point will invalidate the bullish forecast.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>IOTA\u2019s Rebased upgrade is paying off. Just months after launch, the layer-1 network has hit an all-time high $36 million in total value locked, fueled by double-digit staking yields and&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8027"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8027\/revisions"}],"predecessor-version":[{"id":8029,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8027\/revisions\/8029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8028"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}