According to Robbie Ferguson (@0xferg), Immutable Play's signup conversion rate has increased from 7.5% at launch to over 30% as of May 2025 (source: Twitter). This substantial improvement in user onboarding efficiency is a critical trading signal, as platforms that rapidly grow their user base tend to drive stronger ecosystem demand and token utility. Traders should monitor IMX token and related Web3 gaming assets, since higher user acquisition metrics often correlate with increased transaction volumes and price momentum in the crypto market.