A brand new altcoin surged by more than 96% over the last three days after its mainnet went live earlier this week.
Dymension (DYM) is a layer-1 blockchain that aims to serve as a network for “RollApps,” which the project defines as fast modular chains that work for games, decentralized finance (DeFi) protocols and non-fungible tokens (NFTs).
Says the project,
“Dymension was conceptualized two years ago as a monumental vision of adding another dimension (Y axis) to the Interchain by building a modular Internet of rollups. Today, with the first block and the birth of Dymension, a new chapter of blockchains begins…
Dymension’s vision of the Internet of RollApps exponentially accelerates the Interchain for all, from solo developers in garages to established teams, bringing back crypto to its roots. Empowering anyone to build and connect their own chain to the crypto economy.”
The project launched its first block and native token on Tuesday morning. The token, DYM, has already become the 65th-ranked crypto asset by market cap and is trading at $7.75 at time of writing, up from $3.95 during its launch.
Binance immediately rolled out trading support for DYM on Tuesday. The top global crypto exchange attached a seed tag to the asset, which often applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
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