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- Thanks to LiquidLink, MetaMask users can now connect to IOTA DApps and sign transactions natively.
- The price of IOTA has reacted with a 4% surge despite “bearish wind” blowing across the broad market.
One of the most popular platforms with intuitive portfolio management on the Sui Network and IOTA, LiquidLink, has announced the launch of what it referred to as the IOTA MetaMask Snap. According to the announcement, millions of MetaMask users would be able to connect to IOTA DApps and “natively sign transactions.”
More About the IOTA and MetaMask Collaboration
Users who install the Snap would have to visit the main website, snap.liquidlink.io to uderstand how it works. From here, they can use their MetaMask to directly generate an IOTA address. Once this is done, users will be able to gain access to the IOTA Network to send, receive, and manage assets. Not just that, they can also interact with the Decentralized Finance (DeFi) protocol on the network.
Speaking on this, a renowned IOTA enthusiast Salima highlighted that this massive initiative represents a huge milestone with IOTA breaking a key barrier. The importance of this also lies in MetaMask’s massive global user base.
According to Salima, MetaMask has approximately 143 million users across more than 190 countries. She also noted that the world’s leading wallet has 30 million monthly active users. Interestingly, 17% of them are located within the United States, while several are scattered across India, Nigeria, Germany, and other countries.
Prior to this, Nightly wallet also integrated IOTA to enable users to seamlessly and securely manage their digital assets, as indicated in our previous news story. In that report, Nightly wallet was said to be supported by other key platforms within the ecosystem.
Nightly Wallet has established itself as a versatile, multichain wallet, supporting platforms such as Aleph Zero, Solana, Aptos, NEAR, and Sui. The addition of IOTA to this repertoire signifies a strategic move to cater to the growing demand for IoT-focused blockchain solutions.
IOTA has also secured a digital identity framework to connect 36 countries and 4.78 billion citizens, as highlighted in our earlier coverage.
IOTA Price Reaction
IOTA price has responded fairly with a 4% surge in the last 24 hours to trade at $0.15. However, the asset is still 16% down on its seven-day price chart, 21% down on the 30-day chart, and 33% down on its 90-day chart.
CoinMarketCap data also shows that traders’ interest has subsided as the daily trading volume falls by 27% to $31 million. According to our earlier discussion, IOTA would have to bounce back and break all the immediate resistance levels, including the $0.27 – $0.28 range, to commence its bull run in this cycle.
In a recent update, CNF highlighted that IOTA co-founder Dominik Scheiner has confirmed the high interest in IOTA coins by institutional investors. In that report, Scheiner disclosed that this momentum could mimic the one recorded in 2017 when the network witnessed an increased adoption which was reflected in the price of the asset.
Aligning with this rising demand, IOTA has recently gained stock Exchange exposure via Valour ETP in Sweden, as mentioned in our recent publication.
