Immutable (IMX) Sees Its Turnover Rocketing by 10x With This Polygon (MATIC) Partnership

Immutable, an infrastrucure provider and platform for building cryptocurrency games on Ethereum's L2s, shares the estimations of the effects of the trading volume rally. It started from the release of zkEVM-powered Supernet in March 2023.

Timeline of Immutable-x, Polygon

Immutable X (IMX), a layer-2 scaling solution on Ethereum, has risen by more than 15% after being listed on the South Korean exchange Upbit. Immutable X (IMX) experienced a remarkable price surge, with its token price leaping above $0.

Palm Network is already known for its role in revolutionizing the NFT landscape, with partnerships that include sports and entertainment giants such as MLB, NASCAR, WWE, Netflix and Warner, recently announced a new crypto collaboration with Polygon.

Key Points: South Korean cryptocurrency exchange Upbit has announced its plans to launch IMX, a new digital asset set to support trading pairs on the KRW market and exclusively facilitate Ethereum network top-ups. The eagerly awaited IMX trading is scheduled to commence on July 28, 2023, at 13:00.

Solana was once again in the green, with bulls pushing the token towards a key resistance level at $26.00. The move comes after yesterday's 7% surge, however earlier gains have since declined, as U.S. gross domestic product (GDP) grew 2.4% as opposed to the 1.8% expectation for Q2.

Polygon (MATIC) price has dropped by 18% since the team announced plans to migrate from MATIC to a new “POL” native token on July 13. Have the token migration plans sparked bearish concerns within the Polygon community?

Polygon Labs, Solana Foundation and other players in the Web3 world are about to launch a crypto experiment, known as the “Rekt Test” aimed at serving as a security standard for emerging projects.

One of the most unique community-centric platforms Reddit is ready to drop Gen 4 Collectible Avatars on Polygon on July 26. The news was initially revealed on r/CollectibleAvatars, the official community of Reddit Collectible Avatars.

Polygon (MATIC) has been experiencing a mix of price action, with a 24-hour rally of 3.5% that hints at potential positive movement. However, the coin has suffered a 4.4% slump over the past seven days, indicating underlying bearish sentiments in the market.

MATIC price recovery rally showed a sharp reversal after reaching a monthly high of $0.89. The broader market sentiment fuelled the bear's motive and plunged the coin's market value by 20%.

Since 2017, the decentralized finance (DeFi) ecosystem has experienced exponential growth, witnessing the emergence of numerous pioneering projects that have garnered a widespread user base. This growth has also piqued the interest of traditional financial institutions, prompting them to explore potential avenues within the DeFi space.