According to @cas_abbe, IONet ($IO) is fundamentally changing the cloud computing landscape by deploying over 35,000 GPUs across more than 138 countries, offering a decentralized supercloud that provides up to 70% lower costs compared to AWS and enables 2-minute cluster launches (source: @cas_abbe, May 9, 2025). This infrastructure not only reduces compute costs but also increases accessibility and removes traditional gatekeepers, making it highly relevant for trading and AI projects in the crypto market that require scalable, affordable GPU power. The rapid growth and $12M+ in ecosystem funding position $IO as a critical infrastructure token with direct utility for decentralized AI and blockchain applications.

According to Coinbase International Exchange, the platform will introduce support for io .net perpetual futures on both Coinbase International Exchange and Coinbase Advanced. The IO-PERP market is scheduled to open on or after 9:30 am UTC on November 21, 2024. This development provides traders with new opportunities to engage with the $IO market.