Immutable is a Sydney-based company building scaling infrastructure for Web3 gaming. It was founded in 2018 by brothers James and Robbie Ferguson together with Alex Connolly, after the team shipped Gods Unchained, a trading-card game that was an early proof point for player-owned items on Ethereum. The company’s pitch is straightforward: traditional games rent items to players, blockchain games can let players actually own them, and the bottleneck has always been gas fees and onboarding friction. IMX is the native ERC-20 token that ties the two Immutable chains, the Passport wallet layer, and a long roster of partner games together.
There are two chains under the Immutable banner. Immutable X, launched in April 2021, is a StarkEx-based zk-rollup focused on NFTs and trading. Immutable zkEVM, which went to mainnet in 2024, is a fully EVM-equivalent zk-rollup built on the Polygon CDK. Both settle to Ethereum, and both use IMX inside their respective economies. The split is deliberate and is the part of the Immutable story that confuses most newcomers, so it gets its own section below.
IMX price today
The IMX price comes from spot and perpetual markets across the major centralized exchanges. Live data on this page aggregates from a multi-venue feed and refreshes every 60 seconds. The reference quote is volume-weighted across the venues with the deepest order books, with Binance, Coinbase, OKX, and Bybit usually carrying most of the size. The all-time high near $9.52 was set in November 2021, when the play-to-earn narrative peaked and Gods Unchained was still the headline product.
What tends to move IMX on any given day:
Immutable zkEVM TVL and on-chain activity. The newer chain is where most game launches now land, and TVL plus daily transactions feed directly into how the market values the token. A quiet zkEVM tends to drag IMX even if Immutable X stays busy.
Game-launch milestones. Real release dates for Illuvium, Guild of Guardians, and the rest of the partner roster move IMX more than roadmap slides ever do. Soft launches and beta windows get priced in slowly; full mainnet launches with retention data tend to be the bigger catalysts.
Passport adoption. The number of games shipping with Passport as the default wallet, and the active accounts inside it, are the cleanest read on whether Immutable is reaching mainstream gamers or just crypto natives.
IMX unlock schedule. Team and investor allocations unlock on a multi-year cliff, and the larger dates are public. Markets routinely soften ahead of bigger unlocks and recover after the supply has cleared.
FAQ
What is Immutable used for?
Immutable is a Web3 gaming infrastructure project. It runs two chains (Immutable X and Immutable zkEVM), the Passport wallet for player onboarding, and a marketplace stack for NFTs. IMX is the native ERC-20 token. It pays gas on Immutable zkEVM, captures the protocol fee on Immutable X NFT trades through staking, and powers ecosystem grants and developer programs across both chains.
What is the difference between Immutable X and Immutable zkEVM?
Immutable X launched in April 2021 on StarkEx tech and is not EVM-compatible. Developers use a custom SDK, contracts are not Solidity, and the chain is optimised for high-volume NFT minting and trading. Immutable zkEVM launched mainnet in 2024 on the Polygon CDK and is fully EVM-equivalent. Solidity contracts deploy with Hardhat or Foundry, and most new game launches target zkEVM rather than Immutable X. IMX is the native token across both chains.
What is Immutable Passport?
Passport is a non-custodial wallet built for gamers. Players sign in with email or a social account, the keys are managed through multi-party computation, and there is no seed phrase to write down. It handles login, wallet creation, transaction signing, and crypto plus credit-card on-ramps for in-game purchases. Once a Passport account exists, the same wallet works across every game that integrates it, which delivers the cross-game wallet experience the Web3 gaming category has been chasing for years.
Immutable vs Ronin: which is better for gaming?
They take different angles. Ronin is a Sky Mavis chain anchored by Axie Infinity and a smaller set of partner games, with a tightly curated launch cadence. Immutable is broader: two chains, a wallet abstraction layer, and a long roster of partner games across genres. Ronin tends to win on focused depth around its anchor titles. Immutable tends to win on breadth of catalog, EVM compatibility through zkEVM, and Passport onboarding. Many serious gaming-token investors hold both rather than picking one.
Is IMX a good investment?
Whether IMX fits a portfolio depends on your view of Web3 gaming as a category and your tolerance for unlock-driven supply growth. IMX is a mid-cap altcoin tied to a real product stack (two chains, Passport, a multi-game roster) and to a sector narrative that runs hot and cold in cycles. It dropped more than 95% from its November 2021 ATH near $9.52 in past cycles. Treat it as a higher-beta gaming-sector position alongside Bitcoin and Ethereum, not a core holding.
Can IMX be staked?
Yes. IMX holders can stake on Immutable X to earn a share of the NFT marketplace protocol fee, paid out periodically in IMX. Staking is non-custodial, requires bridging IMX to Immutable X through the official bridge, and rewards depend on marketplace volume. There is no slashing in the proof-of-stake sense; the main risk is the underlying activity slowing down, which compresses the yield. Native staking on Immutable zkEVM is structured differently and tied to ecosystem programs.
Where can I buy IMX?
IMX is listed on every major centralized exchange, including Binance, Coinbase, Kraken, OKX, Bybit, and KuCoin. IMX/USDT and IMX/USDC pairs typically carry the most volume. After buying, holdings can move to a hardware wallet on Ethereum L1, bridge to Immutable X for staking and NFT trading, or move to Immutable zkEVM for game accounts and Passport. Always send a small test transfer first when moving a meaningful amount.
What games run on Immutable?
The roster spans genres. Gods Unchained (a competitive TCG) is the original anchor title. Guild of Guardians is a mobile co-op RPG. Illuvium is an open-world auto-battler with creature collection. Cross The Ages is a tactical card game, Metalcore is a mech FPS, Token: Off-Grid is a stealth shooter, and Shardbound is a returning tactical card-and-arena title. OpenLoot brings several smaller titles into the ecosystem as a publisher partner.
BTC correlation. IMX is a mid-cap altcoin tied to a sector narrative. On broad risk-off days it moves with Bitcoin regardless of what is shipping inside the ecosystem.
Live prices stream into the card above. The analysis below uses the levels at page load.
Immutable X vs Immutable zkEVM: two chains, one ecosystem
Most of the confusion around Immutable starts here. Immutable X is the original chain, built on StarkEx tech from StarkWare and live since April 2021. It is a zk-rollup, but it is not EVM-compatible. Developers integrate through a custom SDK, contracts are not Solidity, and the chain is purpose-built for high-volume NFT minting and trading. Gods Unchained, the early Immutable X marketplace, and a long tail of NFT projects still run there.
Immutable zkEVM is the newer chain and is a different beast. It launched mainnet in 2024 and uses the Polygon CDK plus zkEVM tech to deliver full EVM equivalence. Solidity contracts deploy with familiar tooling, Hardhat and Foundry just work, and game studios can reuse audits and libraries from the wider Ethereum ecosystem. New game launches in 2024 and 2025 mostly target zkEVM rather than Immutable X, because the developer experience is closer to what the studios already know.
IMX is the native token across both chains. The trade-off in running two chains is real: liquidity is split, the developer story is more complicated to explain, and some users have to think about which network their NFTs actually live on. The honest read is that Immutable zkEVM is where the future of the ecosystem sits, while Immutable X continues to host its installed base. A full sunset of Immutable X has not been announced, and the project frames the two chains as complementary rather than competing.
Immutable Passport: wallet abstraction for gaming
Passport is the part of the stack that most gamers actually touch. It is a non-custodial wallet that hides the wallet. Players sign in with email or a social account, and the keys are managed through a multi-party computation flow that does not require a seed phrase. There is no MetaMask popup at first launch, no twelve-word backup to write down, no gas-fee dialog before the first action. For studios trying to onboard players who have never heard of Web3, that gap matters more than chain throughput.
Passport ships with most new Immutable zkEVM games and a growing list of Immutable X titles. It handles login, wallet creation, transaction signing, and a payment rail that supports both crypto and credit-card on-ramps for in-game purchases. Once an account exists, the same Passport works across every game that integrates it, which is the cross-game wallet promise that the broader Web3 gaming category has been chasing for years.
The catch is that Passport, like every social-login wallet, makes a trust trade-off. The user does not hold the seed phrase, so recovery routes through the auth provider rather than through a cold backup. For mainstream players who lose seed phrases anyway, that is probably the right choice. For users who already self-custody and want full control, Passport is a worse fit than a hardware wallet.
Major games: Gods Unchained, Guild of Guardians, Illuvium
The roster on Immutable is wider than most people realise, and the games span genres rather than clustering around one format. Some are fully live, some are in beta, and a couple of the most-hyped titles are still pushing toward full release.
Gods Unchained. The original Immutable game and still the most-played. A competitive trading-card game in the Hearthstone and Magic: The Gathering tradition, with cards as NFTs that players actually own and can trade or sell. It is the longest-running proof point for player-owned items in a Web3 game.
Guild of Guardians. A mobile RPG with co-op dungeons and a guild progression system, built by Mineloader and published with Immutable. It draws from the Raid: Shadow Legends side of the mobile market and was one of the bigger marketing pushes of Immutable Play 2024.
Illuvium. An open-world auto-battler set in a sci-fi world, with creature collection, exploration, and PvP arenas. Illuvium is the most ambitious production in the Immutable lineup and has run multiple beta seasons with token rewards.
Cross The Ages. A tactical card game with a heavy lore and physical-card crossover, aimed at a slightly more casual audience than Gods Unchained.
Metalcore. A mech FPS with vehicle combat and faction warfare, building toward a fuller release on Immutable zkEVM.
Token: Off-Grid. A spy-and-stealth shooter with a strong narrative focus, built by IndieGala on Immutable rails.
Shardbound and OpenLoot. Shardbound is a tactical card-and-arena title returning under Immutable. OpenLoot is a publisher and marketplace partner that brings several smaller titles into the ecosystem.
The honest read on the catalog: the games are real and a handful of them have credible retention numbers, but the gap between announcement and meaningful daily active users is wide across all of Web3 gaming. Gods Unchained and Guild of Guardians carry most of the recurring engagement today. The bigger productions still have to prove they hold a player base outside of token incentives.
IMX tokenomics and the unlock schedule
Total IMX supply is capped at 2 billion tokens. The original distribution split allocations across the project ecosystem, the team and early investors, the Immutable foundation, public sale, and rewards for users and developers. Most non-circulating supply unlocks on a multi-year schedule with cliffs, which is the standard pattern for tokens launched in late 2021.
IMX has three primary uses inside the ecosystem. It pays the protocol fee on Immutable X NFT trades, gets staked by token holders to earn a share of those fees, and is used inside zkEVM as the default reward token for ecosystem grants and developer programs. It is not the gas token on Immutable X (gas is paid by the marketplace operator under the StarkEx model) and gas on Immutable zkEVM is paid in IMX. That split is one more thing the documentation has to spell out for new users, but it does give IMX a baseline utility tied to actual on-chain activity rather than pure governance.
Anyone holding IMX should know two dates in advance: the next scheduled unlock and the next big game launch. Markets tend to front-run both. The token is not deflationary; circulating supply grows over the next several years on the published vesting schedule, and absorbing that supply requires either real on-chain demand or a strong gaming-sector cycle.
How to buy and stake Immutable (IMX)
IMX is widely listed and easy to acquire. The decision worth thinking through is whether you want IMX as a market position, or whether you want to actually use it inside the ecosystem to play games, mint NFTs, or stake for fee rewards. The path is slightly different depending on which one.
Pick a regulated exchange that lists IMX. Binance, Coinbase, Kraken, OKX, Bybit, and KuCoin all carry deep IMX markets. Liquidity, transparent fees, and a real security audit matter more than rebate offers. Our exchange ratings compare the leading options on fees, security, and licensing.
Verify your identity. Most regulated platforms ask for a government ID and a face check, and KYC usually clears in under 10 minutes. If you plan to use the network rather than just trade, set up a Passport account or a self-custody wallet (MetaMask works on Immutable zkEVM as a standard EVM chain) at the same time.
Fund the account. Bank transfers (ACH, SEPA) are cheapest but settle in 1 to 3 business days. Stablecoin deposits (USDC, USDT) settle in minutes for the lowest fee. Cards are instant but cost 2 to 4% in spread.
Place the trade. IMX/USDT and IMX/USDC pairs typically carry the most volume. A market order fills at the current spot price; a limit order lets you set the maximum you are willing to pay. For positions over $5,000 on a mid-cap altcoin, splitting the order over a few hours reduces slippage.
Move IMX where it is useful. For long-term price exposure, withdraw to a hardware wallet on the Ethereum or Immutable zkEVM network. To stake IMX for a share of Immutable X NFT marketplace fees, deposit to Immutable X through the official bridge and stake from the Immutable hub. To play games, fund a Passport account or a MetaMask wallet on Immutable zkEVM. Always send a small test transfer first whenever you move a meaningful amount.
For longer-term price scenarios that account for unlock pressure, game-launch cadence, and competition with Ronin, see our Immutable price forecast.
Risks of holding Immutable
IMX risk does not look like the average altcoin. The biggest items are gaming-cycle dependency, the operational drag of running two chains, scheduled unlock pressure, and the fact that game studios have several other Web3 chains to choose from. Volatility is real but it is not the most interesting line on the list.
Gaming-cycle dependency. IMX is heavily tied to the Web3 gaming and metaverse narrative. When that narrative is hot, the token leads the basket. When it cools (most of 2022 to early 2023, parts of 2024), IMX fades faster than chains with a more diversified demand base. A single quiet sector cycle can drag the token for a year regardless of what Immutable ships.
Two-chain ecosystem fragmentation. Running Immutable X and Immutable zkEVM in parallel splits liquidity, splits the developer story, and forces every new user to ask which chain their NFTs actually live on. The overhead is real, and it shows up in how hard it is to explain the project in one paragraph.
IMX unlock pressure. Team, investor, and ecosystem allocations unlock on a multi-year schedule. Circulating supply grows over time, and absorbing that supply requires real on-chain demand. Holders should know the next unlock date and the share of float it represents before sizing a position.
Competition for game studios. Ronin, Polygon, Arbitrum, Avalanche subnets, and several appchain stacks are all chasing the same handful of credible game studios. Immutable has the deepest gaming-specific tooling, but the market is not winner-take-all and a key studio defection can move IMX more than a chain upgrade does.
Passport and key-management trust. Passport hides the seed phrase from the user, which is the right call for mainstream onboarding but introduces a different trust model from a hardware wallet. The auth provider becomes part of the recovery path. Users who already self-custody may prefer to hold IMX outside Passport.
Drawdown. IMX dropped more than 95% from its November 2021 ATH near $9.52 in past cycles. Position sizes should assume similar drawdowns are possible again.
This page is information, not financial advice. Talk to someone licensed before allocating real capital.
Immutable price analysis
At the time of writing, Immutable (IMX) trades at $0.167754, with a 24-hour trading volume of $14.38M and a total market capitalization of $141.33M. The asset is currently ranked #234 among all tracked cryptocurrencies by market cap.
Over the last 24 hours, the IMX price has dropped +4.51%. On the seven-day chart, Immutable has retraced +9.43%, under sustained selling pressure in both timeframes. Short-term price swings are often amplified by liquidity conditions, news flow, and derivatives positioning, so traders should confirm signals across multiple indicators before acting.
Immutable's all-time high of $9.52 was set on November 26, 2021. The current market price is +98.24% below that historical peak. Distance from the all-time high is a common reference point when evaluating long-term recoveries and identifying macro support or resistance levels.
How to buy Immutable
Buying Immutable (IMX) is straightforward once you know which exchange to use and which trading pair offers the best liquidity. The steps below describe the typical flow used by most investors today.
Choose a reputable exchange. Pick a platform that lists IMX with deep liquidity, transparent fees, and strong security practices. Our top-rated exchanges guide compares the leading venues side-by-side.
Create and verify your account.Complete the exchange's KYC process — most platforms require a government-issued ID and a short identity check. Verification is usually a one-time step that takes just a few minutes.
Deposit funds. Fund your account with fiat currency via bank transfer, card, or a stablecoin like USDT or USDC. Stablecoin deposits typically offer the fastest settlement and lowest fees.
Place a buy order. Navigate to the IMX/USD or IMX/USDT pair and either execute a market order for instant fills or set a limit order at your preferred entry price.
Secure your IMX. For long-term holdings, consider moving your tokens to a non-custodial wallet — a hardware device for the highest security, or a reputable software wallet for frequent access.
You can also use the built-in Immutable converter above to estimate exactly how much IMX you would receive for a given amount in USD before placing an order.
Is Immutable a good investment?
Whether Immutable is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, IMX carries significant market risk — prices can rise or fall sharply in a single day, and past performance is not a reliable indicator of future returns.
Potential strengths
Ranked #234 by market cap with an established trading history and active exchange coverage.
Ongoing ecosystem development and community engagement, as reflected in Immutable zkEVM Ecosystem, Rollup sector activity.
Key risks to consider
Volatility: 24-hour moves of 5–15% are common in crypto markets.
Regulatory uncertainty: changes in policy across major jurisdictions can materially affect price and access.
Liquidity and custody risk: not all exchanges are equally safe, and self-custody requires careful key management.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
