Immutable operates a full-stack infrastructure platform for web3 gaming that includes blockchains, namely Immutable zkEVM and Immutable X, and other products, such as Passport and Orderbook. Creators & users sell NFTs on Immutable. They receive royalties from secondary sales (supply-side fees).

Immutable is a platform for building web3 games. Immutable was founded by James Ferguson, Robbie Ferguson, Alex Connolly, and launched in 2018. This dashboard includes data from Immutable Orderbook, Immutable zkEVM, and Immutable X.

IMX holders own and govern the protocol. They currently take a cut of the total trading fees paid by NFT buyers on Immutable Orderbook and the total transaction fees paid by transaction senders on Immutable zkEVM (revenue). Immutable's investors include ParaFi Capital, GameStop Digital Ventures, Fabric Ventures, etc.

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# Immutable Bridge deposits Methodology

## 1. Overview

Bridge deposits measures the total USD value of assets held in Immutable's bridge contracts on Ethereum. This metric tracks the cumulative value of tokens that users have deposited into bridge contracts to move assets between Ethereum and Immutable's Layer 2 solutions (Immutable X and Immutable zkEVM). It represents the total economic value locked in Immutable's bridging infrastructure at any given time.

## 2. Data sources

- **Ethereum transaction traces**: Transaction execution data used to track token movements and balance changes for bridge contract addresses
- **Token transfer events**: Parsed ERC20 `Transfer` events and native ETH transfers to identify deposits and withdrawals from bridge contracts
- **End-of-day token price feeds**: USD pricing data for all tokens held in bridge contracts, used for currency conversion
- **Token metadata**: Contract addresses, decimal places, and token symbols for proper balance calculations
- **Ethereum account balance snapshots**: Daily snapshots of token balances held by specific bridge contract addresses

## 3. Step-by-step calculation

### Component A: Immutable X bridge deposits
- **Purpose**: Calculates USD value of assets held in Immutable X bridge contract
- **Logic**: Tracks all token balances held by the Immutable X bridge contract address `0x5fdcca53617f4d2b9134b29090c87d01058e27e9` on Ethereum. Uses the portfolio calculation macro to identify all tokens held by this address, converts each token balance to USD using end-of-day pricing, and sums the total value. Aggregates data daily with timestamp grain and includes business metadata identifying this as the Immutable X product
- **Key fields**: `timestamp` for daily aggregation, `chain_id` for Ethereum, `balance` converted to USD, `product_id` as 'Immutable X'

### Component B: Immutable zkEVM bridge deposits
- **Purpose**: Calculates USD value of assets held in Immutable zkEVM bridge contract  
- **Logic**: Tracks all token balances held by the Immutable zkEVM bridge contract address `0xba5e35e26ae59c7aea6f029b68c6460de2d13eb6` on Ethereum. Uses the same portfolio calculation approach as Immutable X, converting all token holdings to USD and aggregating daily. Includes business metadata identifying this as the Immutable zkEVM product
- **Key fields**: `timestamp` for daily aggregation, `chain_id` for Ethereum, `balance` converted to USD, `product_id` as 'Immutable zkEVM'

### Portfolio calculation logic
- **Purpose**: Core calculation engine that determines USD value of all tokens held by a specific address
- **Logic**: For each specified bridge contract address, identifies all token types held (both ERC20 tokens and native ETH), calculates current balances using transaction traces and transfer events, applies proper decimal adjustments based on token metadata, converts each token balance to USD using end-of-day price feeds, and sums the total portfolio value
- **Key fields**: `balance` in USD, `chain` for blockchain identification, `timestamp` for daily snapshots

### Final aggregation
- **Combining components**: The individual Immutable X and Immutable zkEVM bridge deposit calculations are combined using a union operation to create a comprehensive view of all bridge deposits across both Immutable products
- **Currency conversion**: All token balances are converted to USD using end-of-day price feeds, with proper decimal adjustments applied based on each token's contract specifications
- **Time aggregation**: Data is aggregated daily using timestamp boundaries, with fill-forward strategy applied to individual product calculations to handle missing data points, and fill-zeros strategy applied to the final combined metric
- **Final calculation**: The final bridge deposits value represents the sum of USD-denominated token holdings across both bridge contracts, providing the total economic value locked in Immutable's bridging infrastructure on any given day

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of assets held in a project's bridge contracts.

ImmutableIMX

Bridge deposits

Bridge deposits

Competitive landscape

Chain breakdown