After going live on mainnet earlier this week, the brand new altcoin has soared over 96% in the past three days.
Dymension (DYM) is a layer 1 blockchain intended to serve as a network of “RollApps”. The project defines RollApps as a fast modular chain that works with games, decentralized finance (DeFi) protocols, and non-fungible tokens (NFTs).
The project says,
“Dymension was conceptualized two years ago as a monumental vision to add another dimension (Y-axis) to Interchain by building a modular internet of rollups. Today, with the first block, Dymension A new chapter in blockchain begins with the birth of…
Dymension’s vision for the Internet of RollApps will exponentially accelerate interchain for everyone, from individual developers in garages to established teams, returning cryptocurrencies to their roots. We allow anyone to build their own chain and connect to the crypto economy. ”
project launched The first block and native token will be generated on Tuesday morning. The token DYM is already the 65th largest crypto asset by market capitalization, and at the time of writing, it is trading at $7.75, up from $3.95 at launch.
Binance immediately launched trading support for DYM on Tuesday. The world’s top cryptocurrency exchange has placed a seed tag on the asset. This is often applied to illiquid projects that may exhibit high volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass a quiz every 90 days to ensure they are aware of the risks before trading their tokens.
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Generated image: Mid Journey