IoTeX’s 2021 Meteoric Growth Sets Stage for Even Greater All-Time-Highs in 2022

• ↑ 2,000% Increase in IoTeX wallets addresses

• ↑ Over 100 positions in token rankings on CoinMarketCap

• ↑ 40x in Market Capitalization

• ↑ Over 250,000% social growth, according to LunarCrush ranking

The year 2021 has almost come to an end. The cryptocurrency and blockchain space hit many milestones these past 12 months. It's been a record year for the crypto market, which briefly surpassed $3 trillion in November. In February, Bitcoin's market cap went over $1 trillion for the first time in history. The NFT market saw its best year yet with over $23 billion in trading volume, and blockchain-based metaverses had over $500 million in trading volume. And the introduction of the Metaverse promises an even bigger year for the blockchain space in 2022.

As a proverbial dark horse of the IoT race, IoTeX too saw 2021 blanketed with record-breaking milestones as it galloped out of nowhere, proclaiming its leadership as an IoT-focused blockchain company with the most innovative and cutting-edge devices live on the market.

As the world heads into 2022, IoTeX is poised, better than ever, to reach even higher peaks as tens of billions of smart devices enter the MachineFi revolution. Hundreds if not thousands of decentralized apps will start joining the vast IoTeX ecosystem this coming year and benefit from the machine economy that McKinsey forecasts will reach a value of $12.6 trillion by the end of the current decade.

In 2021, the IoTeX ecosystem became one of the fastest-growing in the blockchain space as it started the year with only a couple of dozen projects to over 126 by Q4 2021, including massive DeFi solutions, play-to-earn games, exchanges, and wallets to actual blockchain-powered devices, such as the Ucam and Pebble.

Also, in the last quarter of the year, we heard from Nathan Miller, the Consensus Network CEO and Founder, and how far the HealthNet project has progressed. This groundbreaking US Navy-funded project will monitor the health of nearly 700,000 sailors and marines in real-time. It will enable a secure, auditable layer of trusted data from Internet-of-Medical-Things devices that provides medical stakeholders with real-world data for improved decision-making and efficiency. 

Once completed in 2022, the HealthNet project will serve as the basis by which many medical legacy systems worldwide will be brought out of the "dark ages" they find themselves in currently.

2021 will also go down as the year when IoTeX introduced MachineFi, as machines make their way towards becoming the world's primary workforce. MachineFi is a new paradigm fueled by Web3 that underpins the new machine economy. In the world of MachineFi, machine resources and intelligence can be financialized to deliver value and ownership to the people, not centralized corporations. This further step into the machine economy marks the advent of millions of users and machines starting in 2022.

Growth: literally, exponentially

IoTeX wallet addresses grew a staggering 1,880% from the end of 2021 until today. The Silicon Valley-based blockchain project saw the number of IoTeX wallet addresses go from just over 18,000 to more than 360,000 today, setting the scene for meteoric growth in 2022.

So, it's of no surprise IoTeX jumped the ranks as well, going from a top 300 to a top 70 token on Coinmarketcap.com, where it currently stands at number 85. Its market capitalization went from just under $31 million on the last day of 2020 to a current $1.4 billion, an increase of more than 40x.

New IoTeX website visitors skyrocketed this year, as did newsletters subscribers, Reddit members, and followers across other social media platforms. This all is a clear indication of the greater investor interest in IoTeX, a token that saw a forty-fold increase in 2021 as it went from $0.0063 on December 31, 2021, to its all-time high of $0.2611 on November 13, 2021. 

People felt compelled to follow the IoTeX journey more closely and rushed over to the website and signed up for its newsletter in record-breaking numbers. In 2020, the IoTeX website reported 42,495 new users. In 2021, this number blew up to nearly 700,000, growing by 1,541%. The newsletter subscriber base went from 2,850 in 2020 to 90,180, an annual growth of 3,064%. 

IoTeX Twitter followers also showed staggering growth. New followers climbed by nearly 1,800%, from 7,885 in 2020 to almost 149,470 in 2021. That means, IoTeX now has some 196,000 Twitter followers. YouTube subscribers also saw significant growth. In 2020, the IoTeX official YouTube channel had 305 subscribers. Today it has 14,434, an increase of 6,473%.

The enthusiasm and interest in the project did not stop there. It saw its Discord channel jump 1,000% from 1,500.

Telegram users went from 3,000 to 48,000. IoTeX's call for Ambassadors turned out to be a massive success with over 1,500 applicants from 30 plus countries.

LunarCrush - the respected  crypto industry-standard platform for social metrics with one of the highest levels of credibility in the market - had IoTeX as one of the most popular tokens in the last four months on ten occasions, outperforming Ethereum, Bitcoin, Solana, Axi Infinity, DogeCoin.

Total LunarCrush engagement across four categories -social volume, engagement, contributors, and shared links - grew an epic 243,190% from approximately 6,000 to 15 million.

LunarCrush defines social dominance as the market cap for social media, explained IoTeX Head of Growth Art Malkov. "It measures a coin's social media activity relative to the entire market. Considering that social interest is a key early indicator of long-term growth of crypto projects, we are excited and optimistic to see what 2022 will hold for IoTeX."