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Immutable

IMX

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About Immutable

IMX is an Ethereum token that powers Immutable X, a scaling solution for NFTs that aims to enable near-instant, low fee transactions. IMX can be used for staking on Immutable X, voting on the future of the protocol, and paying transaction fees.

Immutable (IMX) is a layer-two scalingi solution for Non-Fungible Tokens (NFTs) on the Ethereum blockchain. It aims to address the limitations of Ethereum, such as low scalability and high transaction costs, by aiming to provide instant trading, massive scalability, and zero gas fees for minting and trading NFTs. Immutable is built with STARK zk-rollups, a technology that aims to enhance the scalability of Ethereum. This technology allows users to create and distribute assets like ERC-20 and ERC-721 tokens on a large scale. The IMX token, the native utility token of the Immutable protocols, is used for fees, staking, and governance within the network.

Immutable operates using STARK zk-rollups, a technology that aims to enhance the scalability of Ethereum. This technology allows users to create and distribute assets like ERC-20 and ERC-721 tokens on a large scale. 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. This means third-party marketplace solutions can co-exist with the protocol’s native marketplace.

Immutable strives to provide a platform for the creation and trading of NFTs on a large scale. It strives to provide a high-quality experience for users and developers alike. The protocol's native utility token, IMX, is used for fees, staking, and governance within the network. This means that users can stake IMX to receive a proportional share of the network’s fees and vote on governance proposals. Immutable also aims to lower the barriers of entry for content creators and smaller developers, making it easier for them to create and distribute assets.

Immutable was founded by James Ferguson and Robbie Ferguson, both Forbes 30 Under 30 entrepreneurs. The team consists of more than 100 members from different backgrounds like blockchain, FAANG, finance, fintech, and management consulting. The project received support from various investors. Immutable X, a layer-two solution that utilizes zk-rollups and focuses on NFTs, is a part of the project.

Market

Germany Market Stats

Market cap

€3.0B

Volume (24h)

€37.1M

Circulating supply

1.5B IMX

Typical hold time

62 days

Popularity

#31

All time high

€8.75

Germany Market performance

Price change (1h)

+0.39%

Price change (1d)

-1.79%

Price change (1w)

-7.53%

Price change (2w)

-5.01%

Price change (1m)

+4.11%

Price change (1y)

+175.45%

Related Assets

Social

Some highlights about Immutable on social media

2,158 unique individuals are talking about Immutable and it is ranked #148 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Immutable has an average sentiment score of 3.1 out of 5. Finally, Immutable is becoming more newsworthy, with 0 news articles published about Immutable. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Immutable. There were 33.74% of tweets with bullish sentiment compared to 6.1% of tweets with a bearish sentiment about Immutable. 60.16% of tweets were neutral about Immutable. These sentiments are based on 247 tweets.

On Reddit, Immutable was mentioned in 80 Reddit posts and there were 71 comments about Immutable. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

2,158 people

Posts

263 posts

Dominance

0.2%

Volume rank

#148

Average Sentiment

3.1 out of 5

Twitter

Reddit

Posts

80

Comments

71

Post Score

49

Comment Score

41

Coinbase Bytes

Coinbase Bytes

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Immutable is on the decline this week.

The price of Immutable has increased by 0.39% in the last hour and decreased by 1.79% in the past 24 hours. Immutable’s price has also fallen by 7.53% in the past week. The current price is €2.05 per IMX with a 24-hour trading volume of €37.11M. Currently, Immutable is valued at 76.56% below its all time high of €8.75. This all-time high was the highest price paid for Immutable since its launch.

The current circulating supply of Immutable is 1,482,345,419.39 IMX which means that Immutable has as total market cap of 1,482,345,419.39.

FAQ

What is the current price of Immutable?

We update our Immutable to EUR currency in real-time. Get the live price of Immutable on Coinbase.

What is the market cap of Immutable?

The current market cap of Immutable is €3.04B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Immutable?

The all-time high of Immutable is €8.75. This all-time high is highest price paid for Immutable since it was launched.

What is the 24 hour trading volume of Immutable?

Over the last 24 hours, the trading volume of Immutable is €37.11M.

How many Immutable are there?

The current circulating supply of Immutable is 1.5 billion.

What is the typical holding time of Immutable?

The median time that Coinbase customers hold Immutable before selling it or sending it to another account or address is 62 days.

What is the relative popularity of Immutable?

Immutable ranks 85 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Immutable?

Currently, 95% of Coinbase users are buying Immutable. In other words, 95% of Coinbase customers have increased their net position in Immutable over the past 24 hours through trading.

Can I buy Immutable on Coinbase?

Yes, Immutable is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Immutable guide.