IMX Logo

Immutable IMX

$0.6267559

-5.02% (24h)

Marketcap

$1,139,036,030

Volume 24h

$117,635,472


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Description

Immutable X (IMX) is a Layer 2 scaling solution for Ethereum focused on providing fast and gas-free transactions for non-fungible tokens (NFTs).

Launched in 2021, Immutable X uses zero-knowledge rollups to achieve high throughput and low costs while maintaining security and decentralization.

IMX, the platform's native token, is used for governance, staking, and transaction fees.

Immutable X aims to make NFTs more accessible and efficient by addressing the scalability issues associated with Ethereum.