IoTeX, the leading blockchain building Decentralized Physical Infrastructure Network (DePIN), has announced that Korean blockchain infrastructure company Xangle will be joining as a network validator. With Xangle’s participation, IoTeX expects to further enhance its community-driven ecosystem expansion and technical stability.
Xangle is a blockchain infrastructure and research company that provides ecosystem-oriented community hubs, explorers, and Web3 analytical reports. Since 2018, Xangle has operated Xangle Portal, Korea’s leading Web3 platform. Recently, Xangle has expanded its role within the Web3 space, actively participating as a validator for major global blockchain projects such as Aptos, Babylon, and Initia.
In 2024, IoTeX took a leading role in the DePIN sector, as a result of these efforts, the IoTeX network has processed over 150 million transactions and 340 million blocks, recording an annual growth rate of over 25%. Furthermore, more than 360 million IOTX tokens are staked, accounting for approximately 40% of the total supply, reinforcing network security and governance. These achievements have solidified IoTeX’s position as a leading infrastructure provider in the DePIN space.
Also Read: CoreAI Launches AI-Powered Blockchain for dApp Development
Lihan Lee, Co-CEO of Xangle, stated, “Our participation as an IoTeX validator goes beyond simple network validation—it represents a key milestone in making innovative Web3 infrastructures like DePIN more accessible to users and accelerating their mainstream adoption. Leveraging our expertise in ecosystem-focused community hubs, explorers, and research, Xangle will enhance the credibility and visibility of the IoTeX network while actively contributing to the expansion and sustainable growth of the DePIN ecosystem.”
“At IoTeX, we are committed to building the most robust and transparent DePIN ecosystem, and Xangle‘s participation as a validator is a testament to that vision,” commented Jing Sun, co-founder of IoTeX. “Their expertise in blockchain infrastructure and data integrity will further strengthen our network’s stability while driving mainstream adoption of Web3.”
Source: PRNewswire