IMX
As the first second-layer scaling solution on Ethereum specifically for NFTs, it effectively solves problems such as limited scalability and high gas fees. This enables users to enjoy instant transactions and efficiently process large-scale transactions. With its zk-rollups technology, Immutable X processes transactions off-chain while maintaining security by storing proofs on Ethereum's main chain.
In addition, Immutable X also provides an easy-to-use API abstraction layer that simplifies the process for developers to mint, trade, and transfer NFTs. This user-friendly approach is particularly attractive to gaming and content companies seeking seamless integration. The platform also provides a unified NFT wallet experience through its "Link" feature, ensuring secure support for third-party marketplaces. This feature lowers the barrier to entry for content creators and developers.
Last week, ImmutableX (IMX) performed solidly. Globally, Immutable is the 38th largest cryptocurrency with a market cap of $2.081 billion. Currently, the circulating supply accounts for 78.64% of the maximum supply, with a total supply of 2 billion tokens and a fully diluted valuation (FDV) of $2.645 billion.
As the largest gaming token in the cryptocurrency industry, the IMX token has a market cap of $2 billion and has gained 25.15% in the past 7 days. Despite the current trend being down, it is currently trading at $1.358. The daily chart of the IMX token shows a descending wedge pattern, but the recent bullish trend points to an aggressive breakout rally.
