Dymension

Arbitrum

Base

Jupiter

Cosmos

The newly launched modular blockchain token Dymension (DYM) saw a 55% spike shortly after the platform’s mainnet was initiated today.
The platform’s initial “<a href="https://airdropalert.com/dymension-genesis-airdrop" target="_blank" rel="noopener noreferrer nofollow">genesis rolldrop</a>” event has drawn considerable interest from the blockchain community, with participation from over a million unique wallets. Over 528,000 wallets received an airdrop of DYM tokens valued at approximately $390 million.
The initiative saw engagement from users across multiple ecosystems, including <a href="https://crypto.news/solana-on-chain-activity-rises-on-jupiter-airdrop-algotech-drawing-investors/" rel="noopener noreferrer nofollow">Solana</a>, <a href="https://crypto.news/celestia-and-injective-bullish-kangamoon-community-driven-meme-coin-soaring/" rel="noopener noreferrer nofollow">Celestia</a>, and <a href="https://crypto.news/ethereum-developer-says-mainnet-eventually-will-not-function-as-daily-transaction-hub/" rel="noopener noreferrer nofollow">Ethereum</a> scaling solutions like <a href="https://crypto.news/solana-arbitrum-ethereum-defi-volumes-sol-price/" rel="noopener noreferrer nofollow">Arbitrum</a> and <a href="https://crypto.news/bitcoin-halving-will-impact-kangamoon-ethereum-and-optimism/" rel="noopener noreferrer nofollow">Optimism</a>, as well as from burgeoning networks such as Base and Blast.
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 Big step yesterday, but this is really just the beginning for Dymension. Now it’s time to see how deep the Dymension rabbit hole goes. Think bigger. <a href="https://t.co/toCTYdFT3C" target="_blank" rel="noopener noreferrer nofollow">https://t.co/toCTYdFT3C</a>— Yishay (@yishayRL) <a href="https://twitter.com/yishayRL/status/1755233125079093615?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 7, 2024</a>
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This event follows the $527 million <a href="https://crypto.news/jupiter-airdrop-farmer-earns-1-1m-using-thousands-of-wallets/" rel="noopener noreferrer nofollow">JUP airdrop</a> by the decentralized exchange aggregator Jupiter on the Solana network, contributing to the escalating enthusiasm within the modular blockchain sector.
DYM started trading today on several major exchanges, including Kraken, starting at a price of around $4.50. Following the airdrop, Dymension’s trading volume soared over 7,000%, taking its price to $6.29.&nbsp;
<a href="https://twitter.com/yishayRL/status/1755233125079093615" target="_blank" rel="noopener noreferrer nofollow">Dymension’s</a> platform is designed to enable developers to create their own application chains, termed “RollApps”. The layer-1 blockchain solution leverages Cosmos technology and the Inter-Blockchain Communication (IBC) protocol and is designed for high interoperability with various blockchain networks.
This framework allows developers the flexibility to customize virtual machines and tokens to meet the unique needs of their applications.
Read more: <a href="https://crypto.news/cleanspark-to-double-hash-rate-with-new-mining-facility-acquisitions-ahead-of-bitcoin-halving/" rel="noopener noreferrer nofollow"> CleanSpark to double hash rate with new mining facility acquisitions ahead of Bitcoin halving </a>

Dymension sees 55% surge within hours of mainnet debut

crypto.news

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