Is IMX on Ethereum network?

Could you please clarify whether IMX operates on the Ethereum network? I've been hearing a lot about its potential and am eager to learn more about its technical foundation. Is it built on Ethereum's blockchain? If so, how does it leverage the platform's capabilities to offer unique features or advantages? It would be helpful to understand the relationship between IMX and Ethereum in greater detail. Thank you for your assistance in clarifying this matter.