$IMX Price Goes Up 30.65% Over Last 24 Hours

According to TokenInsight data, the Immutable X ($IMX) price went up by 30.65% over the last 24 hours, trading at $1.2557 now.

Immutable X operates as a Layer 2 scaling solution for NFTs on the Ethereum blockchain. Utilizing zk rollup technology, Immutable X aims to solve high gas fee and scalability concerns when minting and trading NFTs.

$IMX is an ERC-20 utility and governance token used to pay for transaction fees and incentivize users and developers on Immutable X. Token holders can earn rewards through staking and participating in the platform's governance.