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 Supply-side fees Methodology

## 1. Overview

The Immutable fees supply side metric measures the portion of transaction fees that are distributed to supply-side participants (validators, sequencers, block producers) on the Immutable zkEVM network. This metric represents the daily USD value of fees paid to network operators who provide infrastructure and validation services. For Immutable zkEVM, this metric is explicitly set to zero, indicating that 100% of transaction fees are retained by the protocol rather than shared with supply-side participants.

## 2. Data sources

The calculation relies on the following raw data sources:
- **Immutable zkEVM transaction records**: Complete transaction data including gas usage, effective gas prices, sender/recipient addresses, block timestamps, and transaction hashes from the Immutable zkEVM blockchain
- **End-of-day ETH price feeds**: Daily ETH/USD exchange rates used for currency conversion since gas fees are paid in ETH
- **Token metadata**: IMX token contract information (address `0xf57e7e7c23978c3caec3c3548e3d615c346e79ff`) used as the reference fee token

## 3. Step-by-step calculation

### Component A: Transaction data processing
- **Purpose**: Extract and standardize raw transaction data from Immutable zkEVM
- **Logic**: Process raw blockchain transaction records by extracting key fields including `block_timestamp`, `block_number`, `transaction_hash`, `from_address`, `to_address`, `receipt_gas_used`, and `receipt_effective_gas_price`. Convert the effective gas price from wei to ETH by dividing by 10^18. Set the chain identifier to 'Immutable zkEVM' and assign the hardcoded IMX token address as the fee token.
- **Key fields**: `block_timestamp` for timing, `gas_used` for transaction cost, `effective_gas_price` in ETH units, `token_address` set to IMX contract address

### Component B: Gas fee calculation
- **Purpose**: Calculate the total gas fee paid for each transaction
- **Logic**: Multiply the `gas_used` by the `effective_gas_price` to determine the total gas fee in ETH. Since the effective gas price was already converted to ETH units in the previous step, this multiplication yields the fee amount in ETH.
- **Key fields**: `gas_fee` representing the total transaction cost in ETH

### Component C: Fee aggregation and USD conversion
- **Purpose**: Aggregate daily fees and convert to USD
- **Logic**: Group transactions by day using `timestamp_trunc` on the block timestamp. Sum all gas fees within each day. Apply business classification by setting `market_sector_id` to 'blockchains_l2', `business_segment_id` to 'blockchain', and `product_id` to 'Immutable zkEVM'. Convert the aggregated ETH fees to USD using end-of-day ETH price feeds. Temporarily set `chain_id` to 'ethereum' during USD conversion to leverage ETH pricing data, then migrate back to 'Immutable zkEVM'.
- **Key fields**: `timestamp` for daily boundaries, `fees` in USD, business classification fields

### Component D: Supply side fee allocation
- **Purpose**: Determine the portion of fees allocated to supply-side participants
- **Logic**: Take the total daily fees calculated in the previous step and explicitly set the `fees_supply_side` field to 0. This hardcoded allocation indicates that Immutable zkEVM's fee model directs 100% of transaction fees to the protocol operators rather than sharing any portion with supply-side infrastructure providers.
- **Key fields**: `fees_supply_side` set to 0 for all records

### Final aggregation
- **Combining components**: Union all supply side fee data from the Immutable zkEVM subproject into a single dataset
- **Currency conversion**: All fees are converted from ETH to USD using end-of-day ETH price feeds
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation
- **Final calculation**: The final metric value is 0 USD for all days, representing that no transaction fees are distributed to supply-side participants on the Immutable zkEVM network

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

Portion of fees distributed to service providers or supply-side participants.

ImmutableIMX

Supply-side fees

Supply-side fees

Competitive landscape

Chain breakdown