Immutable (IMX) is the native cryptocurrency of Immutable X, a Layer 2 scaling solution for non-fungible tokens (NFTs) on the Ethereum blockchain. IMX is used for governance, staking, and transaction fees within the Immutable X ecosystem ¹.
*Key Features:*
- _Decentralized governance_: IMX holders can participate in voting on proposals for the development and growth of Immutable X.
- _Staking_: Users can stake IMX to participate in the validation process and earn rewards.
- _Transaction fees_: IMX is used to pay for transaction fees on the Immutable X network.
*Token Details:*
- _Symbol_: IMX
- _Total Supply_: 2 billion IMX
- _Circulating Supply_: approximately 1.69 billion IMX
- _Market Capitalization_: around $3.35 billion ²
*Current Price and Performance:*
- _Current Price_: around $1.98 ²
- _24-hour Trading Volume_: approximately $112.61 million ²
- _Price Change (24h)_ : -2.99% ²
Immutable X aims to provide a scalable, secure, and user-friendly platform for NFT trading, gaming, and other decentralized applications. With IMX, users can participate in the governance and growth of the Immutable X ecosystem.$IMX