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Immutable (IMX) Live Price Chart

Immutable (IMX) is a Layer 2 (L2) solution, designed to address the real-world challenges of blockchain congestion, and encourage the seamless transaction of non-fungible tokens (NFTs). Its end goal is to improve the crypto landscape, creating a smoother and more user-friendly experience for those involved in NFT trading and decentralized gaming. 

The good news for crypto enthusiasts is that Immutable (IMX) is available to purchase on the CEX.IO platform. Through our user-friendly interface, users can track live prices via interactive charts and gain real-time insights into IMX's market performance. 

In this article, we'll delve deeper into the inner workings of Immutable (IMX), examine its real-world applications in addressing blockchain congestion, and discuss adoption dynamics that could be driving its success. 

The History of Immutable (IMX)

Immutable (IMX) was created by three co-founders: two brothers, James and Robbie Ferguson, former Forbes 30 under 30 entrepreneurs, and Alex Connolly. The project was launched in 2018 by Immutable, an Australian company working in blockchain development and game publishing. 

The main idea behind Immutable’s (IMX) creation was to address issues related to scalability, transaction speed, and high gas fees, often associated with projects built on Ethereum. In addition, the project aims to help develop fast, secure, and scalable apps for blockchain games, indulging both crypto enthusiasts and gaming aficionados. 


As of January 2024, the company raised around $280 million in funding from 32 investors. Its partnership list includes some of the biggest names, with most coming from blockchain and gaming ecosystems, such as: 

  • Tencent
  • GameStop
  • King River Capital
  • Alameda Research (now defunct)
  • ParaFi Capital
  • Mirae Asset
  • Animoca Brands

Immutable (IMX) raised $15 million in the Series A Round in 2019 and an additional $60 million in the Series B Round in 2021. The final fundraising round, Series C, occurred in March 2022, when the company raised $200 million, with an average price of $1.25 per token.

Industry Hurdles: Insights into Immutable's Experiences

Despite early adoption, Immutable (IMX) faced challenges, particularly financial setbacks, resulting in staff reductions to optimize operational costs. 

The 2023 Layoffs

On February 22, 2023, Immutable announced they would let go of 11% of their employees. However, that wasn't the first time the company had to implement such radical measures. In 2022, they also had to let go of some employees due to rough market conditions, which affected many blockchain projects. 

Market Manipulation Rumors

In May 2023, YouTuber The Grand Angle Meta, alleged that the platform was artificially boosting its own games, casting a shadow over the authenticity of their success. GA Meta’s comments raised questions of ethical practices within the industry, and promoted a broader conversation about the transparency of Immutable’s in-house games. Such titles include:

  • The Gods Unchained
  • Blocklords
  • Immortal Game
  • Sparkadia
  • Undead Blocks
  • Illuvium

Navigating Financial Challenges

In 2022, the company experienced a financial setback, reporting a loss of $56 million by the end of the fiscal year. Immutable (IMX) earnings for the same period amounted to $27 million, while its expenses totaled around $83 million, according to figures submitted to the Australian Securities and Investments Commission. 

Notably, a substantial portion, approximately $45 million, was allocated for employee compensation, consultant fees, and freelancer payments. Despite these challenges, the company remains committed to its long-term vision, with significant cash reserves and ongoing support for its IMX token, as stated by an Immutable spokesperson

What is Immutable (IMX) and How Does it Work?

Immutable (IMX) is one of the leading carbon-neutral platforms for trading NFTs on Ethereum, created with the goal of helping developers efficiently build fast, secure, and scalable apps for blockchain and NFT games. 

This Layer 2 (L2) NFT scaling solution also aims to provide blockchain users with a seamless experience when trading and minting digital assets. 

Immutable (IMX) potentially offers to its users:

  • Zero gas rates
  • Carbon neutrality
  • Power to process 9,000 transactions per second (TPS)
  • Instant trade access
  • Blockchain games
  • Developer tools for building applications on the Ethereum network

While some milestones have been achieved, such as the launch of games like Gods Unchained, IMVU powered by MetaJuice, Blocklords, Habbo X and Cross The Ages, goals like supporting 9,000 TPS are yet to be enabled. 

Immutable (IMX) utilizes StarKey, StarkWare's zero-knowledge proof technology, to provide NFT creators and game developers zero gas fees for trading and mining non-fungible tokens. This cryptographic concept, also known as zk-rollups, is used by L2 solutions to enhance the scalability of blockchain networks like Ethereum. 

The platform's APIs lower the barrier for developers to create (and exchange) ERC-721 and ERC-20 tokens relatively quickly with high-end security of the platform's infrastructure. 

Companies across various industries rely on Immutable, and have already integrated with the platform. Among them are well-known names such as:

  • GameStop
  • TikTok
  • Opensea
  • Ember Sword
  • Illuvium
  • GreenPark Sports
  • Gary Vee (Vee Friends)

Buy Immutable

About IMX Token

IMX, Immutable’s native cryptocurrency, is the lifeblood of the project. This ERC-20 utility token is built for rewarding pro-network activities within the Immutable (IMX) ecosystem, such as:

  • Trading
  • Liquidity provision
  • Building applications

Contributors use IMX for transaction fees (20% of every transaction) and as a governance token to vote on the protocol's future. 

Immutable (IMX) Marketplace

Immutable (IMX) offers three marketplaces where users can discover in-game items:

  • Sphere – for buying and selling NFTs.
  • AtomicHub – for creating, trading, buying, and selling NFTs.
  • TokenTrove – offers customized collections, filters, stacked listings, and charted price history.

In addition to its own global NFT marketplace, Immutable allows its users entrance to various global marketplaces like OKX, NFTrade, Mintable, Rarible, Kinguin, and Nifty Giveaway. 

Current IMX Price and Chart

Tracking today's crypto prices can provide valuable insight into any crypto lovers' risk management strategy. Staying on top of current developments can offer the chance to react quickly to seize emerging opportunities. 

On November 26, 2021, IMX recorded its peak value of $9.31, and has traded below that number since.

CEX.IO proudly provides users access to effortlessly track the IMX to USD live price, and make strategic decisions in the dynamic world of cryptocurrencies. 

Market Statistics

On January 19, 2024, the IMX market cap hovered at $2.51 billion, securing the token’s position among the top 35 cryptocurrencies. Notably, IMX outperformed prominent counterparts, such as Hedera, Arbitrum, First Digital USD, and Kaspa, in the market cap category. 

In contrast, Bitcoin maintained its dominance as the foremost cryptocurrency, boasting a market capitalization of $802,024,981,366 on that same date. For those inclined to buy Bitcoin, it's worth noting that CEX.IO offers a user-centric platform for acquiring both BTC and IMX. 

IMX recorded a 24-hour trading volume of $63,358,070 as of January 19, 2024. Additionally, the asset’s volume-to-market-cap ratio stands at 2.4%, signaling IMX's dynamic participation at the time of this analysis. 

IMX Price History

CEX.IO’s IMX historical price indicator reveals only a few notable price fluctuations. The IMX starting price on June 11, 2021, was $5.24, with a 24-hour trading volume of $90.51 million. Three months later (September 11, 2021), the price of IMX was $3.15, with the 24-hour trading volume at $105.36 million. 

The most significant movement on the CEX.IO IMX price chart occurred in November 2021, when the price reached its all-time high of around $8.66 to $9.31 range on November 26, 2021. Simultaneously, the 24-hour trading volume on the same day was $166.76 million. 

IMX witnessed significant price fluctuation in the period between November 12 and December 28, 2021. Following its ATH, IMX experienced a subsequent decline in value. 

This was followed by a prolonged period of relative stability, where the price ranged from $0.47 to $0.8 for a duration of two years. This duration of consolidation showed notable resistance to breaking the $1 mark due to a series of market crashes, and NFTs losing some of their popularity and appeal. 

However, a significant shift occurred when IMX surpassed the $1 threshold on February 9, 2023, marking a crucial breakout. The price shift transpired after Immutable signed partnerships with Ubisoft and Amazon Web Services. Subsequently, IMX experienced an upward trajectory, reaching almost $2.5 ($2.497) on December 28, 2023.  

For those considering IMX but haven't registered with a crypto platform yet, it's worth noting that CEX.IO provides intuitive pathways to acquire a crypto wallet in just a few simple steps. Wallets may be used to purchase IMX, or any other cryptocurrency currently available across our product ecosystem. 

IMX Tokenomics

The IMX token sale ended on September 15, 2021, and sold for $1.913 per token. This is only 0.16% higher than the current IMX price of $1.91 as of January 19, 2024. 

Of IMX’s total supply (which is also its maximum supply) of 2 billion tokens, a significant portion (51.72%) was allocated to ecosystem development, the rest distributed as follows:

  • Project Development - 25%
  • Private Sale - 13.86%
  • Public Sale #1 - 2.94%
  • Public Sale #2 - 2.48%
  • Foundation Reserve - 4%

IMX's circulating supply is around 1.3 billion, representing approximately 66% of the network’s total token amount. 

Where to Buy IMX?

IMX can be purchased on CEX.IO, a leading cryptocurrency platform for Bitcoin trading. Just sign in or register an account and get verified to begin exploring CEX.IO's user-friendly interface, and potentially buy IMX. In select jurisdictions, curious participants can explore staking crypto, or open a crypto savings account to expand their digital asset experience.

Community and Social Media Links

For a deeper understanding of Immutable (IMX) and its offerings, consider exploring the project’s official webpage. On the other hand, trusted sources on social media, or company channels on Discord can provide helpful insight. Also, Immutable’s official Telegram channel provides timely updates for participants looking to stay up to date on the latest news and events related to the project. 

For developers keen on the technical aspects, visit the Immutable (IMX) Github page to uncover a wealth of helpful information. Explore the smart contracts powering the Immutable ecosystem, and get closer insight into practical examples for future development on the network.


Where to check the live price of IMX?

For those interested in obtaining IMX, the CEX.IO Spot Trading platform is a one-stop-shop to track live prices and get crypto. CEX.IO provides up-to-date and accurate information on IMX, allowing users to stay informed about market fluctuations and make well-informed decisions. 

What does Immutable do?

Immutable (IMX) aims to streamline the process of creating NFT projects, as well as buying, selling, and trading NFT collectibles. The project also allows developers to build apps on the Ethereum network, reduce network congestion, and help eliminate gas fees. 

Does CEX.IO use PayPal?

U.S.-based customers can use PayPal to buy USDC, Bitcoin, Ethereum, IMX or any other cryptocurrency through the Buy option in the CEX.IO wallet app. Please note that this method is currently reserved for U.S. customers only. 

Where can you buy Immutable?


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