IMX Logo

Immutable IMX

£0.4712915

-5.37% (24h)

Marketcap

£856,502,517

Volume 24h

£57,600,015


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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.