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Immutable IMX |
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£0.2145232 |
-1.24% (24h) |
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Marketcap |
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£426,680,590 |
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Volume 24h |
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£10,765,719 |
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.