The newly launched modular blockchain token Dymension (DYM) noticed a 55% spike shortly after the platform’s mainnet was initiated as we speak.
The platform’s preliminary “genesis rolldrop” occasion has drawn appreciable curiosity from the blockchain group, with participation from over 1,000,000 distinctive wallets. Over 528,000 wallets acquired an airdrop of DYM tokens valued at roughly $390 million.
The initiative noticed engagement from customers throughout a number of ecosystems, together with Solana, Celestia, and Ethereum scaling options like Arbitrum and Optimism, in addition to from burgeoning networks corresponding to Base and Blast.
This occasion follows the $527 million JUP airdrop by the decentralized change aggregator Jupiter on the Solana community, contributing to the escalating enthusiasm inside the modular blockchain sector.
DYM began buying and selling as we speak on a number of main exchanges, together with Kraken, beginning at a value of round $4.50. Following the airdrop, Dymension’s buying and selling quantity soared over 7,000%, taking its value to $6.29.
Dymension’s platform is designed to allow builders to create their very own software chains, termed “RollApps”. The layer-1 blockchain resolution leverages Cosmos expertise and the Inter-Blockchain Communication (IBC) protocol and is designed for top interoperability with varied blockchain networks.
This framework permits builders the flexibleness to customise digital machines and tokens to satisfy the distinctive wants of their purposes.