In 2024, the crypto industry saw many tokens reaching new all-time highs, including Bitcoin breaking the six-figure barrier for the first time. However, IOTA stood out for its significant developments on the tech side. It regained a $1 billion market cap after almost three years and launched Rebased, a major upgrade focused on programmability and full decentralization. Rebased introduced smart contracts and solved the decentralization issue for IOTA. In terms of adoption and recognition, IOTA participated in the European Blockchain Pre-Commercial Procurement project and developed solutions for digital product passports and intellectual property rights management. The Trade Worldwide Information Network (TWIN) also gained traction, receiving endorsement from leaders like Tony Blair. IOTA also became a major player in tokenizing real-world assets, particularly in the Middle East. The token's price surged, reaching a yearly high in December, with a current market cap of $1 billion.



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