Immutable (IMX) price is $1.17

Immutable (IMX) Live Price Data

The live Immutable (IMX) price is $1.17, with a 24 hours Blynex trading volume of 35.54 K. The price of IMX changed by -10.28% in the past 24 hours. With a circulating supply of 1.67B IMX and a maximum supply of 2B IMX coins. IMX currently ranks #50 in market cap. You have the option to purchase Immutable (IMX) on the Blynex exchange.

Market	Price	24h %	24h High	24h Low	24h Volume
IMX/USDT	$1.16529	-10.28%	1.31408	1.11587	33.79 K	Trade

Market

Price

24h %

24h High

24h Low

24h Volume

IMX/USDT

$1.16529

-10.28%

1.31408

1.11587

33.79 K

Trade

Immutable (IMX) is the first layer-two scaling solution for NFTs on Ethereum. Buying IMX on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Immutable (IMX).

What is Immutable (IMX)?

Immutable positions itself as a pioneering layer-two scaling solution for NFTs on Ethereum, addressing Ethereum's limitations such as low scalability, high gas fees, and slow transaction speeds. Immutable’s platform offers instant trading, massive scalability, and zero gas fees for minting and trading NFTs, all while ensuring the security of users and assets. By leveraging its advanced technology, Immutable allows users to create and manage assets like ERC-20 and ERC-721 tokens at scale.

Immutable was founded by James and Robbie Ferguson, both Forbes 30 Under 30 entrepreneurs with impressive backgrounds in software development and blockchain innovation. The Immutable team consists of over 100 members from diverse fields, including FAANG companies, finance, and fintech. Since its inception, the company has garnered significant financial backing, raising a $15 million Series A funding round in 2019 with notable investors like Coinbase, Galaxy Digital, and Naspers.

Immutable X, the project’s core layer-two solution, utilizes zk-rollups to achieve high throughput while maintaining Ethereum’s security and decentralization. Promising transaction speeds exceeding 9,000 TPS (transactions per second), Immutable X is at the forefront of zk-rollup adoption. A significant innovation is its API abstraction layer, which simplifies NFT interactions—such as minting and trading—into API calls. This design makes the platform accessible for developers and enterprises, including established gaming and content companies.

Immutable X provides several unique features to enhance the user and developer experience. Users do not need to switch networks to connect their wallets, thanks to an intermediate layer called "Link," which supports secure, NFT-specific wallet functionality. The platform also boasts a shared global order book that enables liquidity across its ecosystem, allowing NFT marketplaces to coexist with the protocol’s native marketplace. This flexibility lowers barriers to entry for creators and developers, fostering a thriving NFT ecosystem.

Immutable’s exclusive focus on NFTs and its technological innovations position it as a potential leader in the NFT space. Its ability to attract projects like Gods Unchained—a successful NFT-based game—demonstrates its value to the gaming and digital content industries. If Immutable X delivers on its scalability and transaction speed promises, it could become the default blockchain for NFTs, driving further adoption of decentralized digital assets and experiences.

Immutable (IMX) Live Price Data

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