io.net IDE tokenomics: #1 revenue DePIN at 5.3x MC/ARR
Quote147 words
Highlights an A1 Research report arguing io.net's rebuilt tokenomics tie burns to verified onchain revenue and pay suppliers in stable USD, breaking the typical DePIN death spiral. Trades at 5.3x MC/ARR vs peers at 79x to 700x.
Key claims
5.3x MC/ARR vs peers at 79x to 700x
1.19M IO burned in the first 34 days, ahead of the year-one target
The #1 revenue DePIN trades at 5.3x MC/ARR while its peers sit anywhere from 79x to 700x.
And that leader (a.k.a. @ionet) just rebuilt its tokenomics around that revenue in a way that truly makes sense.
Here's why:
Every DePIN death spiral runs pretty much the same script: token falls -> supplier income falls -> operators unplug -> capacity shrinks -> demand dies.
Burns never fixed this either, bc burning supply doesn't pay anyone's electricity/power bill.
IO's IDE is different bc it attacks both sides at once with stable USD payouts for suppliers, while having burns scale with verified onchain revenue.
34 days in, they already burned 1.19M $IO, far ahead of the year-one target.
Great report from @a1research__ authored by @Louround_.
Highly recommend to read this! ↓
@ionet will also drop a deep analytics dashboard on @ionet within the next 48h
be ready and stay tuned
QUOTING @a1research__
t.co/v7rzfn7zzj
t.co/v7rzfn7zzj
How the call played out · since 16 Jul 2026
Prices as of 23 Oct 2026This piece takes a view on $IO, so that move is read against the call.
−1.2%
Moved against the call · over 3 months
- At publication
- $0.161
- Now
- $0.159
- vs BTC
- −22%
- After 1 month
- −31%
- After 3 months
- +4.1%
- High since
- +13% 12 Oct 2026
- Low since
- −31% 15 Aug 2026
Since then
No follow-up pieces on this subject yet. This is the latest take.
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.