After ten years, the veteran public chain IOTA welcomes its ecological evolution. This article will delve into its new technology stack after the Rebased mainnet upgrade, its digital trade collaborations with governments from various countries, and how its internal and external dual-circulation ecology connects with the real world, creating sustainable value and revenue. (Background: IOTA announces the largest upgrade plan in history 'Rebased': introducing MoveVM, EVM, and staking features... key points at a glance) (Supplementary background: IOTA launches a $100 million ecological fund, becoming the first DLT foundation in the Abu Dhabi global market) Coinciding with the tenth anniversary of the Ethereum mainnet launch, the long-established public chain project IOTA also celebrates its tenth year of existence. Ten years ago, when someone proposed to build a decentralized infrastructure to attract users, developers, and even large enterprises and governments to collaborate in creating a completely revolutionary digital world, many considered it far-fetched, as blockchain was still a niche term among a few geeks; Today, ten years later, blockchain has gradually evolved into a cornerstone for driving financial innovation, data security, supply chain optimization, and the digitization of global trade. As tech giants embark on a new round of layout, governments around the world are riding the wave of crypto frenzy. The once ambitious blockchain dreams have turned into significant opportunities within reach. Ten years ago, in the same year that the Ethereum mainnet officially launched, IOTA was born with its unique focus on large enterprises and governments, aiming to create real value by solving real problems, accelerating the penetration of decentralized power, and bringing about paradigm-level innovations of blockchain applications in the real world; Today, ten years later, with the Rebased mainnet upgrade, the launch of the decentralized digital trade infrastructure TWIN, and the establishment of deep collaborations with government departments from multiple countries including Kenya, the Netherlands, and the UK, IOTA is once again active in the forefront of the crypto landscape. Over the course of ten years, from IoT to DeFi, RWA to the global digital trade foundation, what is the evolutionary path of IOTA, once a top ten on Coinmarketcap, as a veteran in the blockchain space? Facing a sustainable development ecological blueprint composed of real users, real landing scenarios, and real revenue, what participation opportunities does IOTA hold? Internal and external dual circulation: sustainable ecological benefits in real assets and scenarios The key advantage of a veteran public chain lies in accumulation. After ten years of meticulous cultivation, from Web3 native DeFi to large-scale landing of blockchain in real-world scenarios, IOTA has built a clear internal and external dual-circulation system based on pursuing compliance. Internal circulation: a diverse ecological landscape throughout the entire asset life cycle The IOTA ecological landscape encompasses multiple modules such as DeFi, RWA, NFT, GameFi, and Meme, forming a complete closed loop from asset issuance, trading to revenue management, providing users with multi-layered and multi-dimensional financial services and innovative experiences. It is well known that DeFi is the financial pillar of the public chain ecology, and the three driving forces behind DeFi are: DEX, lending, and stablecoins. As the first DEX deployed after the IOTA Rebased upgrade, Pools aims to achieve seamless exchange of on-chain assets, with high liquidity and low-cost trading experience being an important milestone in IOTA’s ecological infrastructure. Deepr is IOTA's secure and efficient lending platform, providing digital asset lending services and offering users efficient leverage to unlock higher returns. Just launched on July 14, Virtue is the first native stablecoin protocol of the IOTA ecosystem, allowing users to mint over-collateralized stablecoins vUSD by locking IOTA or stIOTA, featuring unified stable pool design, fixed-rate lending, and supporting flash loans/flash minting, and has been deeply integrated with ecological protocols such as Swirl Stake and Pools Finance. Beyond the three driving forces, around the native token $IOTA, the IOTA ecosystem has also developed diverse liquidity and yield-generating strategies. Swirl is a liquidity staking protocol supported by the IOTA Foundation, allowing users to stake IOTA to earn stIOTA, gaining staking rewards and richer DeFi returns through stIOTA. Meanwhile, LiquidLink recently launched the IOTA on-chain points system: as a one-stop platform, LiquidLink aims to simplify Web3 participation experience through intuitive portfolio management, points system, and customized on-chain identity, achieving real-time community participation management and fair and transparent incentive distribution. Currently, the IOTA on-chain points system has established cooperation with Swirl, and the Swirl LST points system is about to go live, allowing users to earn points by staking IOTA tokens through Swirl, with each stIOTA held in the wallet earning 1 point per hour, points will enjoy various ecological benefits in the future. In the future, LiquidLink will promote integration with protocols like Pools and Virtue to provide more ways to earn points. In addition, the IOTA ecosystem also has multiple modules such as token asset issuance platforms and asset tokenization: the token issuance platform provides comprehensive support for projects within the IOTA ecosystem from community building to token issuance, helping quality projects grow rapidly; the asset tokenization solution provides an efficient and convenient channel for bringing quality assets from the real world onto the chain, offering users more diverse investment options, while promoting deep integration of traditional assets with blockchain technology. The internal circulation of the ecosystem under a diversified pattern not only lays a solid foundation for the high activity of the IOTA ecosystem but also empowers IOTA to continuously explore outward, extending from a single financial service to more diversified socio-economic fields through the synergistic effect among various modules. External circulation: connecting real-world scenarios to create sustainable value IOTA focuses on providing landing solutions for real-world scenarios, empowering cross-border trade, supply chain management, and asset tokenization through technology, bringing larger-scale users and capital into the ecosystem, and creating real value in real scenarios, providing ecological participants with sustainable returns backed by real assets. The most vivid case is the decentralized global digital trade system TWIN, officially launched on May 8, 2025, in Lusaka, Zambia, and its applications in countries such as the UK, Poland, Netherlands, and Kenya. As the next-generation digital infrastructure, TWIN stands for Trade Worldwide Information Network, leveraging open modular infrastructure and decentralized ledger technology (DLT) to facilitate trust and transparency, and secure, decentralized data exchange, open source and compliance, achieving powerful interoperability, scalability, and traceability, bringing real-time, verifiable data sharing to the global supply chain, significantly enhancing the transparency, trust, and efficiency of international trade. Based on the TWIN technology framework, IOTA collaborated with the UK Cabinet Office to create a border trade demonstration project, efficiently tracking over 900 batches of poultry shipments from Poland to the UK between 2024 and 2025, promoting real-time and secure data sharing between global supply chains, showcasing...