Wrapped IOTA
WIOTA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WIOTA (Wrapped IOTA) is a utility wrapping of native IOTA for use on the IOTA EVM network. The project benefits from the active development of the underlying IOTA parent ecosystem (including protocol upgrades such as IIP-8 and clear roadmap progression) and the institutional backing of the German-registered IOTA Foundation. However, WIOTA suffers from significant structural limitations: it has no independent community, DAO, or dedicated governance channels, with community governance repositories archived. From a tokenomics and security standpoint, WIOTA lacks a dedicated smart contract audit or clear documentation of its bridge/custodial setup, while exposing holders to native IOTA inflation without native staking yield offsets. With a micro-cap valuation of approximately $400K and thin liquidity, WIOTA represents a highly derivative, low-liquidity wrapper asset.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped IOTA (WIOTA)
Wrapped IOTA (WIOTA) is a wrapped representation of the native IOTA token deployed on the IOTA EVM network. Designed as a functional wrapper utility, WIOTA facilitates the use of IOTA within EVM-compatible smart contracts and decentralized applications on the network. The token is entirely derivative of the underlying IOTA parent ecosystem, operating without independent governance mechanisms, native staking capabilities, or dedicated utility outside its wrapped bridging role.
The underlying parent ecosystem is managed by the IOTA Foundation, a German-registered non-profit organization governed by a Supervisory Board and a Board of Directors. Tokenomics for WIOTA mirror the supply dynamics of native IOTA, which underwent a Rebase upgrade in May 2025 introducing an initial annual minting rate of approximately 6% offset by fee burns. However, WIOTA holders do not receive native staking yields unless the tokens are unwrapped and managed directly on the native IOTA layer, exposing holders to dilution. WIOTA trades as a micro-cap asset with an estimated market capitalization of approximately $400,000 and limited liquidity.
While no smart contract exploits or depegs have been documented for the WIOTA wrapper contract itself, the asset lacks a dedicated standalone audit and publicly documented bridge and custody infrastructure. Furthermore, the underlying IOTA ecosystem has experienced historical security vulnerabilities and incidents. These include a September 2017 vulnerability disclosure regarding collisions in the proprietary Curl hash function, a 2019 third-party fraudulent seed-generator incident resulting in roughly $11.4 million stolen, and a February 2020 Trinity wallet exploit resulting in approximately $1.6 million stolen and an operational shutdown of the network. Additionally, an unpatched replay-attack vulnerability was previously acknowledged on the underlying network, and the parent ecosystem's GitHub community-governance repository was archived and made read-only in February 2026.