Non-fungible tokens (NFTs) remain one of the busiest sectors of the crypto market in 2022, despite the general multi-month weakness seen in () and other large-cap crypto assets.
One project that has benefited from the persistent uptrend in the NFT space is ImmutableX (IMX), a layer 2 scaling solution for NFTs on the network designed to offer near-instant transactions and zero gas fees for minting. and negotiation.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.99 on Jan. 24, IMX price gained 116% to hit a daily high of $4.29. Its daily trading volume also skyrocketed, rising 505% to $333.5 million.
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