PANews reported on May 5th that according to the official IOTA blog announcement, the IOTA Rebased mainnet upgrade was officially launched today (May 5th, 2025) at 9 AM Central European Summer Time (4 PM Beijing/Tokyo time). This upgrade marks the migration of the network from the original Stardust mainnet to the new IOTA network.
The upgrade was carried out through a "Genesis Ceremony" executed jointly by the IOTA Foundation and 12 initial validators, including DLT Green, P2P, Luganodes, KILN, and Stakin, involving steps such as shutting down the old network, generating a ledger snapshot, verifying data, creating and signing the Genesis Block, and launching the new network.
For IOTA token holders, this upgrade is seamless, with no token migration required, and assets are secure. However, users need to have the private key, seed phrase, or Firefly/Bloom Stronghold backup file of their original wallet to import and access assets in the new official wallet (in browser extension form, which will replace the no longer supported Firefly desktop wallet). Users with Ledger hardware wallets also need to install the new IOTA Ledger app compatible with the new mainnet.
During the upgrade, most IOTA-supporting exchanges will temporarily suspend IOTA token deposit and withdrawal services, expected to resume normal operations shortly after the upgrade is complete. The IOTA EVM is anticipated to resume operation 4 to 8 hours after the mainnet launch.
