Immutable X (IMX) Live Price and charts Today

1 Immutable X (IMX) Price Today in USD is $2.3796

Immutable X (IMX) = $2.3796 USD

Immutable X (IMX) all-time high (ATH) is $9.3124 USD

The maximum supply of Immutable X (IMX) is 2,000,000,000.00

Immutable X (IMX) 24h volume is $11.67 Million(s) USD

Immutable X (IMX) Market Cap is $2.98 Billion(s) USD

Immutable X
$2.3796
-3.88%
Immutable X (IMX) Price Chart
Download
  • 1H -0.40%
  • 24H -3.88%
  • 1Y +225.66%
  • Rank #36
  • Market Cap -3.91% $2,978,826,785
  • 24H Spot Volume -30.65% $11,669,118.06
  • 24H Volume / Market Cap -100.00%-
  • Circulating Supply 1,251,798,947.49
  • Total Supply 2,000,000,000
  • Max Supply 2,000,000,000.00
  • Fully Diluted Valuation $4,759,273,510
  • API ID immutable-x copy duigou
  • Project Start Date Apr, 2021
  • Contracts & Explorer(s) coin-img 0xF57...e79fF
    copy duigou
  • Websites Website
  • Links
    • icon
    • icon
    • icon
    • icon
    • icon
    • icon
    • icon
    • icon
About IMX Roadmap & Milestones
Immutable X operates as a Layer 2 scaling solution for NFTs on the Ethereum blockchain. Utilizing zk rollup technology, Immutable X aims to solve high gas fee and scalability concerns when minting and trading NFTs.

Immutable X is a layer-2 scaling solution for NFTs on Ethereum, which enables instant trade confirmation, near-zero gas fees for minting and trading NFTs. It uses Zero-Knowledge Rollup to achieve scalability, which can facilitate up to 9,000 transactions per second.

IMX is an ERC-20 utility and governance token used to pay for transaction fees and incentivize users and developers on Immutable X. Token holders can earn rewards through staking and participating in the platform's governance.

Layer 2 ZK-Rollup

According to its whitepaper, Immutable X builds the solution over layer 2 (L2) for NFTs on Ethereum technology. Layer 2 is a secondary framework called off-chain that functions as an extra layer. The off-chain layer ensures that while the central layer, or layer 1, provides security, the L2 offers better speed. The platform states that the dominance and increase in activity of Ethereum have resulted in network congestion and a low transaction speed. Thereby Immutable X makes use of Layer-2, built on top of the existing blockchain (Layer-1), delivering both scaling and transaction speed. For instance, blockchain games require a faster transaction time, and L2 built on top of Ethereum solves this issue.

In a broader sense, Immutable X uses a roll-up technology offered by StarkWare. Roll-ups are systems that execute transactions outside the L1 layer. As a result, these roll-ups help lower user fees, allowing more people to participate and speeding up transaction processing.

Consequently, this protocol uses the zero-knowledge (zk) roll-up. In simpler terms, the zk protocol authenticates data without exchanging passwords but is secure at the same time. Further, zk allows for verifying a block faster and cheaper as less data is supplied. For example, the zk protocol represents accounts as an index rather than an address, reducing the transaction from 32 to 4 bytes. Thus the roll-up of Immutable X seeks to enable over 9,000 NFT transfers, swaps, and mints every second, which exceeds the scaling requirements of major NFT projects.

Click here to visit more Rollup projects on TokenInsight website.

REST API

Using protocol standards such as REST API (representational state transfer application programming interface), the network enables developers to build NFT applications more efficiently. Immutable X translates complex blockchain exchanges to more direct interactions using REST API, which acts as a bridge between users and the resources or web services they require. The REST API intends to provide a better upgrade to existing blockchains. Also, new participants in the field, such as existing gaming and content businesses, can develop better initiatives quicker without interacting directly with smart contracts. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in protocols on a blockchain.

Robbie Fergusen, Alex Connolly and James Fergusen cofounded the Immutable X protocol. The platform was launched by the NFT technology company Immutable in 2018. The company has also developed and published NFT gaming projects such as Guild of Guardians and Gods Unchained. The team includes 100 members from various finance, fintech, and blockchain backgrounds. In addition, multiple companies, including Coinbase, back Immutable’s projects.

Expand
Related News
Immutable zkEVM Launches Mainnet Early Access Mode Immutable zkEVM Launches Mainnet Early Access Mode
Immutable to Delay 125M $IMX Token Unlock to July 2024 Immutable to Delay 125M $IMX Token Unlock to July 2024
Upbit's IMX-KRW Trading Volume Surged over 300 Times in Last 24 Hours Upbit's IMX-KRW Trading Volume Surged over 300 Times in Last 24 Hours
$IMX Price Breaks $0.7, Up 28.95% Over the Last 24 Hours $IMX Price Breaks $0.7, Up 28.95% Over the Last 24 Hours
Immutable Launched zkEVM Testnet with 12 Games in Development Immutable Launched zkEVM Testnet with 12 Games in Development
Latest News More More
5 Days Ago Binance Calls on Projects to Combat the Low Float and High FDV Trend
May 17 World Largest Settlement System DTCC and Chainlink Completed Fund Tokenization Pilot Program
May 17 CME Group Plans to Launch Bitcoin Spot Trading
May 17 Layer 1 Blockchain Sei Introduces New V2 Roadmap
May 16 Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open