Immutable’s Growth in the Layer 2 Ecosystem

Record-Breaking Total Value Locked and IMX Token Surge

Immutable, an Ethereum Layer 2 platform specializing in GameFi and NFTs, has witnessed exceptional growth, dominating the total value locked (TVL) growth charts and the performance of its native IMX token over the past week. According to L2beat, Immutable has seen the highest percentage increase in TVL, recording a 27% growth and reaching an all-time high of $271 million. Additionally, the IMX token has emerged as the fifth-best performing cryptocurrency among the top 100, with a 33.6% rally, pushing its market cap to $3.93 billion and securing the 24th spot in overall cryptocurrency rankings.

The Introduction of Immutable zkEVM

A New Era for Gaming on Layer 2

Following the early access mainnet launch of Immutable zkEVM, a gaming-focused rollup utilizing zero-knowledge technology from Polygon, Immutable has set a new benchmark in the Layer 2 scaling solutions domain. The Immutable zkEVM, supporting Ethereum Virtual Machine smart contracts, offers developers the ease of porting existing Ethereum code, unlike Immutable X, which relies on predefined APIs without smart contract functionality.

Robbie Ferguson, co-founder and president of Immutable, highlighted the commitment of over 200 games to launch on the zkEVM, underscoring the platform’s growing appeal within the gaming community.

Immutable’s Enduring Appeal

A Hub for Leading Web3 Games and Partnerships

Despite the advancements brought by Immutable zkEVM, the original Immutable network continues to thrive, indicating its enduring value to developers and users alike. Hosting over 220 web3 games, including prominent titles like Gods Unchained and Illuvium, and fostering partnerships with industry giants such as Ubisoft and Amazon, Immutable cements its position as a leading force in the Layer 2 and gaming ecosystems.