Dymension

The Sandbox

Million

Cosmos

Gains

<a href="https://bitcoinworld.co.in/dymension-dym-price-surged-125-top-gainer-for-third-straight-day/" title="Dymension (DYM) Price Surged 125%, Top Gainer For Third Straight Day" rel="nofollow"></a>
Dymension (DYM), the newly launched modular blockchain, becomes the top gainer in the crypto market for the third straight day, with price surging about 125%.&nbsp; 
Yesterday, DYM surged nearly 55% after Dymension’s mainnet went live.&nbsp; 
Its trading volume soared over 7,000% on debut day and maintained a similar level today. So far, the token has surged nearly 125%, from $3.54 to $8.2 before dropping <a href="https://coinstats.app/coins/dymension/">currently</a> to $6.98.&nbsp; 
<figure id="attachment_65485" aria-describedby="caption-attachment-65485" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-65485" src="https://bitcoinworld.co.in/wp-content/uploads/DYM-Price-Chart-1-483x300.png" alt="" width="592" height="368" srcset="https://bitcoinworld.co.in/wp-content/uploads/DYM-Price-Chart-1-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/DYM-Price-Chart-1.png 760w" sizes="(max-width: 592px) 100vw, 592px">
 <figcaption id="caption-attachment-65485" class="wp-caption-text">
 DYM Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
The token quickly became the 65th largest cryptocurrency on the market, taking over popular meme coins like BONK and gaming tokens such as The Sandbox and Axie Infinity.&nbsp; 
The network quickly became popular among the developer community, as it’s poised to be the first platform to allow developers to create their own application chains using the Cosmos Interchain technology.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/dymension-dym-gains-58-in-first-day-after-airdrop/" aria-label="“Dymension (DYM) Gains 58% In First Day After Airdrop” (Edit)">Dymension (DYM) Gains 58% In First Day After Airdrop</a> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Welcome <a href="https://twitter.com/dymension?ref_src=twsrc%5Etfw">@dymension</a> to the interchain <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/269b.png" alt="⚛" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Dymension mainnet paves the way for standardizing rollups with <a href="https://twitter.com/hashtag/IBC?src=hash&amp;ref_src=twsrc%5Etfw">#IBC</a> and enables the easy deployment of app-specific rollups (RollApps). 
 The Interchain Stack empowers the modular era! <a href="https://t.co/paT4EcFYjs">pic.twitter.com/paT4EcFYjs</a> 
 — Cosmos – The Interchain <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/269b.png" alt="⚛" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@cosmos) <a href="https://twitter.com/cosmos/status/1754841432659984566?ref_src=twsrc%5Etfw">February 6, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h3 id="span-style-font-weight-400-what-is-dymension-dym-span">What Is Dymension (DYM)?</h3> 
Dymension is a modular blockchain ecosystem designed to secure and interconnect application chains, named rollups, through the standardized Inter-Blockchain Communication (IBC) protocol. 
It aims to enhance scalability and efficiency in blockchain systems by providing a layer one blockchain system engineered to safeguard and link rollups, thus standardizing them like the ERC standardizes tokens. 
This approach enables the creation of deployable and high-speed modular blockchains, known as RollApps, intended to offer lightning-fast transaction speeds and address scalability issues inherent in traditional blockchain systems​. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 A big step to enable a bigger rollup ecosystem! 
 Congratulations on the mainnet launch. To the growth of the internet of rollapps <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f942.png" alt="🥂" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/C8P3Qa60Kt">https://t.co/C8P3Qa60Kt</a> 
 — Avail (@AvailProject) <a href="https://twitter.com/AvailProject/status/1755283487308026265?ref_src=twsrc%5Etfw">February 7, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h3 id="span-style-font-weight-400-why-is-dymension-pumping-span">Why Is Dymension Pumping?</h3> 
DYM’s massive rise in popularity within hours of launch can be attributed to several factors.&nbsp; 
The platform provided $390 million worth DYM <a href="https://airdropalert.com/dymension-genesis-airdrop">airdrop</a> to over 528,000 wallets, which strengthened its credibility among the developer community. 
The token reached a $5.2 billion valuation shortly after launch, despite a botched start marked by transactional errors and delays​​.&nbsp; 
This valuation reflects strong market interest and optimism about the project’s future. 
The token has also been listed on major exchanges, including KuCoin, Kraken, and Binance, with trading pairs like DYM/USDT among others.&nbsp; 
These listings have significantly contributed to its accessibility and trading volume, further driving interest and valuation.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/dym-surged-40-following-airdrop-distribution-to-over-one-million-users/" aria-label="“Dymension (DYM) Surged 40% Following Airdrop Distribution To Over One Million Users” (Edit)">Dymension (DYM) Surged 40% Following Airdrop Distribution To Over One Million Users</a> 
Most importantly, the platform’s ability to create application-specific blockchains, or RollApps, has positioned it as a notable player in addressing scalability and efficiency challenges in the blockchain space​​.&nbsp; 
These factors have greatly contributed to Dymension’s popularity, driving its value beyond the pre-launch anticipated prices.&nbsp; 
Despite this, Binance has marked DYM with a seed tag, indicating its innovative yet volatile nature. 
It remains to be seen whether DYM can maintain its robust performance in the coming week. 
<blockquote>
 Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
</blockquote> 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/dymension-dym-price-surged-125-top-gainer-for-third-straight-day/">Dymension (DYM) Price Surged 125%, Top Gainer For Third Straight Day</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Dymension (DYM) Price Surged 125%, Top Gainer For Third Straight Day

Table of Contents

ItsBitcoinWorld

Other articles published on Feb 9, 2024

Stablecoin Discussions Continue in the UK: Industry Advocates Want Regulations Reviewed!

Hacken Finds Links Of XRP Hacker To Ripple-Controlled Wallet

Emerging Cryptocurrencies Eye Billion-Dollar Market Valuation

WB Network Blockchain Changes Its Name to Whitechain and Announces Important Updates

dYdX Foundation Secures $30 Million for Ecosystem Growth

Hypeloot Casino Trends – First AI Powered Crypto Casino Begins Certik Audited ICO

Join our free newsletter for daily crypto updates!