Understanding Immutable: A Comprehensive Overview

Key Insights

Immutable Checkout

The full distribution breakdown is as follows:

With Immutable’s continued focus on developing the Immutable zkEVM, users and developers are following en masse. As a result, Immutable X’s daily active addresses have seen no significant change, keeping an average of 19,000 daily active addresses since Q4 2023. Meanwhile, since the launch of the Immutable zkEVM testnet in Q4 2023, Immutable zkEVM’s daily active addresses have quickly grown to 229,000 as of writing. While Immutable X has only seen significant spikes driven by various game-related events, including events related to popular games such as Illuvium. Immutable zkEVM has seen stable growth since the launch of its testnet.

IMX stakers on Immutable X seem to be holding firm. Over 80% of the total amount staked has remained from approximately $227 million to $186 million since Q4 2024, despite an almost 40% decrease in IMX price from $2.27 to $1.47 during that same timeline. During this time, some of Immutable X’s most popular games migrated to Immutable zkEVM, reflecting Immutable’s primary focus of attracting more users and developers to the Immutable zkEVM ecosystem.

From Q4 2021 to Q2 2022, Immutable X experienced a few notable spikes in NFT average daily trading volume following significant announcements. Immutable X saw its first large spike in average daily trading volume due to the launch of its first pfp NFT collection

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