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- IOTA wallets surged from 226,000 to over 600,000 in three months, driven by e-sports fan tokens.
- Rapid account creation tied to NFT drops could push it past 2 million wallets soon.
IOTA account surge has outpaced most blockchain networks, climbing from 226,000 to more than 600,000 in just three months. In a recent update, CNF reported that the network jumped to 437,000 accounts by August 4. Since then, growth has accelerated sharply, adding more than 160,000 accounts in just days.
The momentum has been strongly linked to fan token activity connected to e-sports. Salima, an active supporter of IOTA, commented on X:
Wallet growth on IOTA is going through the roof, thanks to e-sports fan tokens.
This is what steady building meets explosive adoption looks like for @iota.
In just three months, total accounts have surged, breaking past 600k and accelerating sharply in early August.
Growth like this doesn’t happen by accident:
🔹 Expanding DeFi ecosystem
🔹 Real-world… pic.twitter.com/juj6dkvLXi— Matty (@mat_rash38998) August 10, 2025
This follows large-scale NFT launches in Pakistan’s cricket market. CricketFly, developed by AyLab, is powering this expansion. Touted as the first Play2Win Web3 cricket game, it merges Web2 and Web3 features while issuing thousands of NFTs, each with its own address, on IOTA every minute without technical issues.
Fan Tokens Push IOTA Network
Salima explained that each NFT series contains 100,000 unique items, distributed one per wallet, and more collections are planned. According to her projections, if the current rate continues, IOTA could see over 2 million NFTs distributed across more than 2 million wallets in less than two and a half months.
She noted that this could put IOTA ahead of Chiliz, a blockchain built solely for fan tokens with roughly 2.5 million wallets. Outperforming a chain specialized in the same niche would be a landmark achievement for a multi-purpose network like IOTA.
Salima also explained that this fan token use case was not planned, and its success hints at growth potential in other sectors. She added,
The wild part? This use case wasn’t even planned. If this happens here… imagine other verticals. IOTA Rebased is built for everything.
Network Upgrades Boosting Scalability and Usability
Behind the wallet surge, several major improvements have made the platform more attractive. The recent rebase upgrade introduced a permissionless delegated proof-of-stake system supporting up to 150 validators, bringing it closer to complete decentralization.
Transaction capabilities have also improved significantly, with speeds now exceeding 50,000 transactions per second. This makes it suitable for microtransactions in enterprise IoT setups as well as complex decentralized finance operations.
Additional features include MoveVM smart contracts, native staking, and tokenization support, which have increased the network’s appeal for developers and large-scale integrations.
On the market side, the IOTA token has also seen a positive trend. It is currently trading at $0.2109, reflecting a 2.71% increase in the last 24 hours and a 13.51% rise over the past week. Market analysts suggest that if it surpasses the $0.25 level, it could push toward $0.30.
