IoTeX (IOTX) - IIP-42 Vote - 29 May to 05 Jun 2025

The IIP-42 vote will decide if the IoTeX network will lower block times and double its transactions per second (TPS) to 2,000. If approved, this can make IoTeX one of the fastest blockchains using the Ethereum Virtual Machine (EVM). Faster TPS may attract more users and applications, which can help drive demand for IOTX. Big upgrades like this often make traders excited, so the price could move up if the community supports it. However, if people are not interested or think the upgrade is not needed, the price might not move much. sourceIIP-42 would double the TPS of the IoTeX L1 to 2,000 Making it one of the fastest EVM L1s out thereRead more & vote on the proposal tomorrow in our shiny new governance portal