Tracking pixel url - with or without adm?

Hi
In the documentation here https://matomo.org/faq/how-to/faq_25454/ the tracking pixel url looks like this

<src="https://matomo.example.com/matomo.php?idsite=YOUR_MATOMO_WEBSITE_ID&rec=1&bots=1&url=https%3A%2F%2Fexample.com%2Femail-opened%2Fnewsletter_XYZ&action_name=Email%20opened&_rcn=internal%20email%20name&_rck=newsletter_XYZ" style="border:0;” alt="" />

But under Administration > Measurables > Tracking Code > Image tracking the url starts with adm.

<src="https://adm.matomo.SITE_NAME/piwik/matomo.php?idsite=SITE_ID&amp;rec=1" style="border:0" alt="" />

Which one is correct?