Immutable

Immutable, ticker IMX, is the native token of Immutable X, a Layer 2 network built on Ethereum that uses zero-knowledge rollup technology specifically designed for non-fungible tokens and blockchain gaming. The network targets game developers and players who find Ethereum's base layer too slow and too costly for high-volume NFT minting and trading. By processing transactions off the main chain and settling proofs back to Ethereum, Immutable X claims to offer faster throughput without sacrificing Ethereum's security guarantees.

Immutable X operates as a zk-rollup, bundling many transactions together, generating a cryptographic validity proof, and posting that proof to Ethereum for final settlement — meaning Ethereum ultimately secures the data. The IMX token is used within the network for paying transaction fees, participating in governance, and as a reward mechanism for users who stake or contribute liquidity. The broader Immutable ecosystem has also launched Immutable zkEVM, a separate EVM-compatible chain, which is the fundamental basis recorded for this asset.

Over the trailing 30 days the protocol collected 704 dollars in fees, and over the trailing 12 months it collected 14,684.47 dollars in fees. Annualizing the 30-day figure yields approximately 8,565 dollars per year. The protocol records zero revenue for the same periods — 24 hours, 30 days, and 12 months — meaning none of those fees are being classified as protocol-retained revenue in this dataset. At the current market capitalization of roughly 145 million dollars, the ratio of market cap to annualized fees stands at 17,073, reflecting how small the present fee stream is relative to the asset's overall valuation.