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Immutable IMX |
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£0.4465984 |
-7.36% (24h) |
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Marketcap |
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£811,626,510 |
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Volume 24h |
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£37,408,442 |
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.