Immutable X update: IMX Live price, price chart, news and markets

The IMX price update as of now is $0.5919. In the previous 24 hours, its trading volume was $44,185,749, and its value has decreased by -0.94%. As of now, IMX's live market cap is $1,061,174,983, and it is ranked as the #77 on the Coincu. IMX has a circulating supply of 2,000,000,000 and a maximum supply of 2,000,000,000.

Introduction to Immutable X

Immutable X is a ground-breaking layer 2 solution designed for trading NFTs on the Ethereum platform. It successfully addresses the scalability challenges faced by Ethereum while leveraging the security and network effect of the Ethereum chain.

Unique Features of Immutable X

Aims and Objectives of the Project

• Fast and Secure Transactions: Immutable X boasts an impressive transaction processing capacity of up to 9,000 TPS, surpassing Ethereum's 15 TPS, thereby ensuring lightning-fast speed. Moreover, the protocol ensures that users have complete control over their assets by leveraging the security of the Ethereum chain.
• No Gas Fees: By utilizing StarkWare's advanced zk-rollup technology, Immutable X allows users to swiftly create and trade NFTs without incurring any gas fees.

The Advantages of Immutable X

Immutable X distinguishes itself as a leading layer-two solution dedicated to NFTs and harnessing the power of zk-rollups. As zk-rollups gain traction as a scaling solution, Immutable X stands at the forefront of innovation within the Ethereum ecosystem. Achieving its promised transaction speed of over 9,000 TPS could position Immutable X as the preferred "NFT blockchain" in the future.

An integral aspect of fulfilling this potential lies in the API abstraction layer. Through the use of REST APIs, all NFT-related operations, such as minting, trading, and transferring, can be seamlessly performed on the Immutable X platform with a straightforward API call. This feature is expected to attract various industry participants, including established gaming and content companies.

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