IOST (IOST) rose by 20.44% in the last 24 hours.

Gate News Bot news, on November 25, according to CoinMarketCap, as of the time of writing, IOST (IOST) is currently priced at 0.00204268 USD, with a rise of 20.44% in the last 24 hours, reaching a peak of 0.00206083 USD and a low of 0.00162814 USD. The current market capitalization is approximately 60.1 million USD, an increase of 1.02 million USD compared to yesterday.

IOST is a high-performance blockchain platform designed specifically for asset tokenization. As the first multi-chain infrastructure for physical assets, IOST 3.0 is committed to bringing real-world assets into the Web3 space, transforming the $300 billion bond market and traditional finance into borderless, highly liquid, and programmable assets. IOST features a high-performance Layer-2 architecture, cross-chain interoperability, institutional-grade security, and compliance verification, aimed at driving the leap of physical assets from billions to trillions. Currently, IOST has achieved over $2 billion in asset tokenization, with more than 14 million active accounts, a cumulative trading volume of over 1 billion transactions, and over 3,000 smart contract deployments.

Important news about IOST recently:

1️⃣ Support for Ethscriptions Rollup launch, promoting L1 assets on the entire chain IOST has announced support for the launch of Ethscriptions Rollup, a move aimed at achieving fully on-chain L1 assets. This collaboration will enhance the functionality of the IOST ecosystem, providing users with more asset management options and is expected to attract more developers and users to the IOST network.

2️⃣ Strategic cooperation with Conflux to reshape the stablecoin payment field IOST has established a strategic alliance with Conflux to jointly redefine the stablecoin payment sector. This collaboration will integrate the technological advantages of both platforms and is expected to drive innovation in IOST's payment infrastructure, enhancing its competitiveness in real-world application scenarios.

3️⃣ Successfully raised $21 million to accelerate the promotion of asset tokenization infrastructure IOST has completed a financing of $21 million, aimed at expanding the deployment of its tokenized asset infrastructure. This funding will be used to accelerate the development of the IOST ecosystem, particularly in the field of physical asset tokenization, further consolidating IOST's position in the blockchain asset management market.

From a technical perspective, the recent strong rise of IOST may be related to its ongoing technological innovations and strategic partnerships. On the fundamental side, successful financing and continued attention to asset tokenization provide a solid foundation for the long-term development of IOST.

This message is not to be taken as investment advice; investors should pay attention to market volatility risk.