IMX

Immutable XIMX

Rank #118
Token
On 158,316 watchlists

Immutable X Price (IMX)

$0.8814
7.17%

0.00004579 BTC5.94%

0.0008422 ETH6.08%

Low:$0.864
High:$0.9699
24h
IMX  Immutable X IMX
Price:
$0.8814
 7.17%
Market Cap
$207,374,757
7.17%
Fully Diluted Market Cap
$1,762,761,226
7.17%
Volume
24h
$67,643,894
57.23%
Volume / Market Cap
0.3262
Circulating Supply
235,284,001.00 IMX
12%
Max Supply
2,000,000,000
Total Supply
2,000,000,000
Sponsored

Immutable X to USD Chart

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IMX

Immutable X

USD

United States Dollar

IMX Price Statistics

Immutable X Price Today
Immutable X Price$0.8814
Price Change24h-$0.06803
7.17%
24h Low / 24h High
$0.864 /
$0.9699
Trading Volume24h$67,643,893.58
57.23%
Volume / Market Cap0.3262
Market Dominance0.02%
Market Rank#118
Immutable X Market Cap
Market Cap$207,374,757.02
7.17%
Fully Diluted Market Cap$1,762,761,225.88
7.17%
Immutable X Price Yesterday
Yesterday's Low / High
$0.8904 /
$1.04
Yesterday's Open / Close
$1.01 /
$0.8929
Yesterday's Change

11.17%

Yesterday's Volume$86,002,995.20
Immutable X Price History
7d Low / 7d High
$0.8061 /
$1.04
30d Low / 30d High
$0.6366 /
$1.07
90d Low / 90d High
$0.6366 /
$2.67
52 Week Low / 52 Week High
$0 /
$9.50
All Time High
Nov 26, 2021 (7 months ago)
$9.50
90.72%
All Time Low
Nov 05, 2021 (8 months ago)
No Data
Immutable X ROI
No Data
Immutable X Supply
Circulating Supply235,284,001 IMX
Total Supply2,000,000,000 IMX
Max Supply2,000,000,000 IMX

IMX to USD Converter

IMX

Immutable X

USD

United States Dollar

IMX Price Live Data

The live Immutable X price today is $0.881381 USD with a 24-hour trading volume of $67,643,894 USD. We update our IMX to USD price in real-time. Immutable X is down 7.17% in the last 24 hours. The current CoinMarketCap ranking is #118, with a live market cap of $207,374,757 USD. It has a circulating supply of 235,284,001 IMX coins and a max. supply of 2,000,000,000 IMX coins.

If you would like to know where to buy Immutable X at the current rate, the top cryptocurrency exchanges for trading in Immutable X stock are currently Binance, OKX, Bitget, Bybit, and MEXC. You can find others listed on our crypto exchanges page.

What Is Immutable X (IMX)?

Immutable X positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable X, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable X is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.”

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable X, stated that Immutable X allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable X aims to create a world-class experience for users and developers alike.

Who Are the Founders of Immutable X?

Immutable X was founded by James Ferguson, a Forbes 30 Under 30 entrepreneur that previously led a software development team at a billion-dollar eCommerce company, and his brother Robbie Ferguson, a Thiel fellow and Forbes 30 Under 30 entrepreneur as well.

The team consists of more than 100 members from different backgrounds like blockchain, FAANG, finance, fintech, and management consulting. It raised a seed round in 2018 and a $15 million Series A in September 2019. Investors included some of the “who is who” in blockchain investing, such as Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital and Galaxy Digital.

What Makes Immutable X Unique?

Immutable X benefits from being one of the first layer-two solutions that utilize zk-rollups and focus exclusively on NFTs. With zk-rollups growing in importance as a scaling solution, the project finds itself at the cutting edge of development in the Ethereum ecosystem. Immutable X has a good chance of becoming the default “NFT blockchain” in the future, provided its promised transaction speed of more than 9,000 tps can be achieved.

A crucial component to fulfilling this promise is the API abstraction layer. Thanks to REST APIs, every NFT-related interaction like minting, trading, and transferring is a simple API call on Immutable X. The company anticipates this to be a key component to attracting new entrants like established gaming and content companies in the space.

Moreover, users will not have to switch networks when connecting their wallets. The protocol also provides an intermediate layer called the “Link,” which enables an NFT-specific wallet experience and allows Immutable X to support a third-party marketplace ecosystem without security risks.

With its shared global order book facilitating protocol liquidity, NFT marketplaces can be built on Immutable X without a backend. In consequence, third-party marketplace solutions can co-exist with the protocol’s native marketplace. The protocol also expects to lower the barriers of entry for content creators and smaller developers with this solution.

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How Many Immutable X (IMX) Coins Are There in Circulation?

IMX is the protocol’s native ERC-20 utility token. The token’s three core use cases are fees, staking and governance. 20% of the protocol’s fees must be paid in IMX, and users can stake IMX to receive a proportional share of the network’s fees. Token holders can also vote on governance proposals by holding IMX. The total supply of IMX is two billion, according to the following token distribution:

  • Ecosystem development - 51.74%: user rewards, developer grants, liquidity provision, marketing purposes.
  • Project development - 25%
  • Private sale - 14.26%: one year cliff, monthly unlock over two years.
  • Public sale - 5%: six-months unlock.
  • Foundation - 4%: ecosystem development-related initiatives like liquidity provision, one-year cliff, monthly unlock over four years.

How Is the Immutable X Network Secured?

Immutable X is a layer-two blockchain with zero gas fees, where operators can set their own trading fees. In contrast to other scaling solutions to Ethereum, a 51% attack on Immutable X is unfeasible, as it is not a centralized side chain but benefits from inheriting the native security of the Ethereum blockchain. Immutable X uses zk-rollups, meaning assets are traded on the second-layer blockchain, but the validity proof of a transaction is stored on the layer-one blockchain, in this case Ethereum. Immutable X uses STARK proofs because, unlike SNARKs, they are post-quantum-secure and provide greater user security despite the greater cost.

Immutable X chose to stay on Ethereum as a first-layer solution because the team considers Ethereum best to represent the philosophy of trustless, decentralized asset ownership. In the team’s words, Ethereum has always prioritized centralization over short-term scalability upgrades, even though it has suffered from problematic gas fee spikes and network congestion, thus still remaining the main blockchain for NFT projects to build on.

Where Can You Buy Immutable X (IMX)?

IMX is available on OKEx, FTX, Huobi Global, Bybit and Bitget.

Our most recent articles about Immutable X:

Converter

IMX

Immutable X

USD

United States Dollar

IMX Price Statistics

Immutable X Price Today
Immutable X Price$0.8814
Price Change24h-$0.06803
7.17%
24h Low / 24h High
$0.864 /
$0.9699
Trading Volume24h$67,643,893.58
57.23%
Volume / Market Cap0.3262
Market Dominance0.02%
Market Rank#118
Immutable X Market Cap
Market Cap$207,374,757.02
7.17%
Fully Diluted Market Cap$1,762,761,225.88
7.17%
Immutable X Price Yesterday
Yesterday's Low / High
$0.8904 /
$1.04
Yesterday's Open / Close
$1.01 /
$0.8929
Yesterday's Change

11.17%

Yesterday's Volume$86,002,995.20
Immutable X Price History
7d Low / 7d High
$0.8061 /
$1.04
30d Low / 30d High
$0.6366 /
$1.07
90d Low / 90d High
$0.6366 /
$2.67
52 Week Low / 52 Week High
$0 /
$9.50
All Time High
Nov 26, 2021 (7 months ago)
$9.50
90.72%
All Time Low
Nov 05, 2021 (8 months ago)
No Data
Immutable X ROI
No Data
Immutable X Supply
Circulating Supply235,284,001 IMX
Total Supply2,000,000,000 IMX
Max Supply2,000,000,000 IMX