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- Dominik Schiener says IOTA’s strength lies in solving real-world problems amid the ongoing market downtrend.
- IOTA makes waves in real-world utility by partnering with other blockchain platforms, while also introducing new initiatives.
IOTA CEO and co-founder Dominik Schiener said the crypto market is currently undergoing a challenging transition phase. Nevertheless, Schiener noted that IOTA is positioned as the foundation for the $30 trillion cross-border trade industry.
IOTA Focuses on Bringing Real-World Solutions
The comments from the IOTA CEO are in response to an article on X that claimed “crypto is dead.”
In his post, Schiener celebrated IOTA for its focus on solving real-world problems. He explained that since launching 10 years ago, the network has prioritized building for the real world. Schiener added that IOTA does not depend on the crypto-native bubble to succeed.
According to the co-founder, IOTA aims to understand the needs of its users and build tailor-made solutions for their problems. This is their main focus, rather than chasing speculative cycles and doing the same as everybody else.
To Dominik Schiener, IOTA has embedded itself to become vertically integrated in cross-border trade, an important sector of the global economy.
He highlighted that the team has turned IOTA into a technology stack over the last few years. Accordingly, the blockchain found a product market by solving real problems.
Specifically, the co-founder pointed out that they transformed IOTA into a digital infrastructure. He said IOTA is now digitizing cross-border trade in a $30 trillion industry. As a result, IOTA brings entire countries onchain with its data, identity, payments, tokenization, and finance solutions.
How IOTA Price Reacts and Recent Expansion Moves
Schiener also acknowledged the painful state of the market, which has negatively impacted crypto traders and investors.
However, he believes the downtrend is a crucial moment for the market. Schiener is also optimistic that IOTA will emerge stronger than any other cryptocurrency, as it is currently in a good position.
Unfortunately, the price of the IOTA crypto is currently down more than 4% over the previous day to $0.088. However, the growth signs ahead are positive, especially if market conditions get better.
One proof of a good shift ahead is the trading volume metric, which keeps climbing. At the moment, trading volume is up 28% to $15.39 million. This shows users are very active.
Finally, Schiener said IOTA is closer than ever to fulfilling its vision of becoming a global digital infrastructure, transforming industries and economies.
His comments were made shortly after announcing a bold vision for reshaping Africa’s trade landscape.
As mentioned in our previous post, IOTA recently launched a new initiative, Africa’s Digital Access and Public Infrastructure for Trade Initiative (ADAPT). Schiener described ADAPT as a practical response to long-standing structural frictions in cross-border African trade.
As IOTA continues to gain real-world utility, Orobo is developing a modern infrastructure framework for DPPs on the blockchain. The integration supports transparent, compliant, end-to-end product tracking, increasing the real-world adoption of the protocol.
Meanwhile, IOTA has announced a partnership with BitGo, a regulated digital asset custodian in the U.S. As featured in our recent coverage, the integration strengthens exchange liquidity and custody options for broader American market participation.
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