IRISnet Price

IRISnet is a cryptocurrency designed to serve as a cross-chain service hub. It aims to bridge the digital and real economies by providing infrastructure for complex distributed business applications. IRISnet utilizes a Bonded Proof-of-Stake (BPoS) consensus mechanism and supports seamless integration between public chains, consortium chains, and traditional business systems. As of 2025-08-24, IRISnet is ranked #2532 with a price of $0.001089. In the past 24 hours, it has experienced a +1.08% change, with a trading volume of $40.06K. The current market cap stands at $1.75M, with a circulating supply of 1.6B IRIS IRIS tokens. IRISnet has reached an all-time high of $0.2994 and an all-time low of $0.0006073. The total supply is 1.99B IRIS IRIS, and the fully diluted valuation is $2.17M. Key features of IRISnet include cross-chain interoperability, scalability, and the ability to support complex business logic. It's part of the Cosmos ecosystem and aims to facilitate the seamless transfer of data and computation across heterogeneous networks.

IRISnet was created in April 2019. The project officially launched on April 18, 2019, when it was first listed on cryptocurrency exchanges. IRISnet aims to be a self-evolving Bonded Proof-of-Stake (BPoS) cross-chain service hub, designed to facilitate interoperability between different blockchain networks. It was developed through a collaboration between Bianjie AI and the Tendermint team, with the goal of becoming a trusted bridge linking digital and real-world economies. IRISnet provides next-generation public chain infrastructure for building complex distributed business applications, supporting seamless integration between public chains, consortium chains, and traditional business systems.

The founders of IRISnet are Harriet Cao and Yelong Xu. They co-founded Bianjie AI, the company behind IRISnet, in 2016. Harriet Cao serves as the CEO, while Yelong Xu is the CTO. Both have extensive experience in blockchain technology and artificial intelligence. The IRISnet project was officially launched in 2025 as part of the Cosmos ecosystem, aiming to build a cross-chain service hub. The founding team's vision is to create a trusted infrastructure for complex distributed business applications, bridging the digital and real economies. With their leadership, IRISnet has developed innovative features like iServices for cross-chain computation and IRIS Hub for interoperability between blockchains.

IRISnet operates on a Proof-of-Stake (PoS) consensus mechanism within the Cosmos ecosystem. It functions as a cross-chain service hub, enabling seamless integration between public chains, consortium chains, and traditional business systems. IRISnet facilitates interoperability by allowing data and complex computations to be transferred across heterogeneous networks. The network uses a delegated PoS model where token holders can stake their IRIS tokens to validators, who are responsible for maintaining the network's security and processing transactions. Validators are incentivized through block rewards and transaction fees. IRISnet's key features include: 1. Cross-chain service infrastructure 2. Interchain accounts for cross-chain asset management 3. iService for defining, binding, and invoking cross-chain services 4. NFT module for asset digitization The IRIS token serves multiple purposes within the ecosystem: - Staking and governance - Transaction fees - Cross-chain transfers - Incentivizing validators and delegators As of 2025-08-24, IRISnet has a market cap of $1.75M and is ranked 2532 among cryptocurrencies. The current price is $0.001089, with a 24-hour trading volume of $40.06K. The circulating supply is 1.6B IRIS IRIS, with a total supply of 1.99B IRIS IRIS.

IRISnet utilizes a multi-layer architecture based on the Cosmos SDK and Tendermint consensus engine. Its core components include: 1. Application Layer: Handles business logic and state transitions. 2. Consensus Layer: Implements the Tendermint BFT consensus algorithm. 3. Network Layer: Manages peer-to-peer communication. 4. Storage Layer: Stores blockchain data and state. Key features of IRISnet's architecture: - Interchain Service Hub: Enables cross-chain interoperability. - IRIS Hub: The main chain that coordinates with other zones. - iServices: Facilitates off-chain service integration. - IBC Protocol: Allows communication between different blockchain networks. IRISnet also incorporates a unique 'coin-hour' system for fee calculation and a delegated proof-of-stake (DPoS) consensus mechanism. This architecture allows for high scalability, fast transaction processing, and seamless integration of various blockchain networks and traditional systems.

The future of IRISnet looks promising. The project aims to become a trusted bridge between digital and real economies, providing next-generation public chain infrastructure for complex distributed business applications. Key roadmap milestones include: 2025: Enhance cross-chain interoperability and expand ecosystem partnerships. 2026: Launch advanced smart contract capabilities and improve scalability. 2027: Implement upgrades to the consensus mechanism for better performance. 2030: Achieve widespread adoption in enterprise and government sectors. 2035: Establish IRISnet as a leading platform for decentralized services. The team is focused on continuous development of the IRIS network, improving its BPoS (Bonded Proof of Stake) model, and expanding use cases across various industries. With its unique approach to cross-chain services and interoperability, IRISnet is positioning itself as a key player in the evolving blockchain landscape. Investors should monitor the project's progress in achieving these milestones and its ability to attract partnerships and developers to its ecosystem.