IOTX Surges 8.6% as IIP-42 Vote Drives Record Trading and Network Upgrade Momentum

IoTeX (IOTX) is trading at $0.02241 with a 24-hour price increase of 8.63%, a 24-hour trading volume of $25.1 million, and a market capitalization of approximately $208.8 million, ranking #189 by market cap. The recent price rise and increased trading activity are primarily attributed to the ongoing IIP-42 governance vote, which proposes to double the network’s transactions per second and lower block times, potentially enhancing IoTeX’s performance and appeal. Additional support comes from strong liquidity and order book depth highlighted on Binance, with over 300 million IOTX traded in the past week, reflecting heightened market interest around this key network upgrade event.