According to ChainCatcher, the new Token IOT issued after the decentralized wireless communication network Helium migrated to the Solana network has seen a maximum increase of more than 370% in the past 24 hours.

It is reported that the current native Token HNT will no longer be mined by LoRaWAN hotspots, but will be mined by IOT instead. IOT, as the incentive and governance Token of the Helium IoT network, will always be supported by the HNT Token of the Helium Network and can always be converted to HNT. The redemption rate is set by its treasury swap contract through an algorithm. According to the Solana block browser, the maximum supply of IOT is 200 billion, and the number of tokens in circulation is about 6 billion.

According to CoinGecko data, IOT is currently trading at $0.00248, with a fully diluted market value of $495 million. Based on its circulating supply, the current market value is approximately $15 million. (Source link)