Immutable IMX

1. Summary

Ranks

Liquidity

99

Developer

25

Social

99

Momentum (beta)

40

Stack Rank™

37

Price

$1.56 +6.1%

Market Cap

$2.40B (#41)

Supply

1.51B / 2.00B

Tags

Smart Contracts NFT Gaming Play To Earn Ethereum Ecosystem Gaming (GameFi) Zero Knowledge (ZK) Layer 2 (L2) Платформа смарт-контрактов 以太坊生态系统

More Metrics

Price
52W High price	$3.64
52W High date	12th Mar 2024 (4 months ago)
All Time High (ATH) Date	26th Nov 2021 (2 years ago)
ATH Price	$9.52
% From ATH	-81.08%
All Time Low (ATL) Date	31st Dec 2022 (1 year ago)
ATL Price	$0.38
% From ATL	376.43%

Supply & Trading Volume
Trading Volume (24h)	$49.75M
Total Supply	2.00B
Max Supply	2.00B
Circulating Supply	1.51B

Less Metrics

Description

Immutable X Overview

Read More

Immutable X Overview

Immutable X is a Layer-2 solution designed to scale Ethereum's NFT ecosystem. It uses zero-knowledge rollups (zk-Rollups) to abstract transactions and data processing away from the main Ethereum blockchain, addressing high costs and slow speeds on the network. This makes it suitable for applications that require high transaction volumes, such as decentralized gaming and the metaverse.

Scaling NFTs on Ethereum

Immutable X focuses exclusively on NFTs on the Ethereum network, providing a fast, scalable, and trustless method for minting, trading, and transacting NFTs. This ensures that the usability of NFTs on Ethereum is significantly improved.

IMX Token and Tokenomics

The native token of Immutable X is IMX, an ERC-20 utility token that powers the ecosystem. IMX is used for fees, staking, and governance within the network. Fees are generated through a 2% protocol fee on every transaction, which is then distributed to stakers. IMX holders can also participate in governance decisions for the network.

Immutable X's primary revenue source comes from fees.

Key Features

• Scalability: Immutable X uses zk-Rollups to process transactions off the main Ethereum blockchain, increasing transaction speed and reducing costs.
• NFT Focus: The platform is exclusively designed for scaling Ethereum-based NFTs, providing a scalable and affordable solution for applications.
• Utility Token: IMX token is used for various purposes, including fees, staking, and governance.

Overall

Immutable X is a Layer-2 solution that enhances the usability and scalability of NFTs on Ethereum, addressing high costs and slow speeds, making it particularly suitable for decentralized gaming and metaverse applications.

Show Less