A new altcoin Dymension (DYM) has gained incredible momentum over the past three days, increasing its value by more than 96% after its mainnet went live earlier this week.
Dymension is a layer-1 blockchain that aims to serve as a network for “RollApps,” which it defines as fast modular chains that work for games, decentralized finance (DeFi) protocols, and non-fungible tokens (NFTs).
The project explains its vision as follows:
Dymension was conceptualized as a monumental vision to add another dimension (Y-axis) to the Interchain by building a modular rounding internet. Today, with the first block and the birth of Dymension, a new chapter in blockchains begins…
NEWS CONTINUES BELOWDymension’s vision for Internet of RollApps accelerates Interchain exponentially for everyone from solo developers in garages to established teams, bringing crypto back to its roots. It allows anyone to create their own chain and connect it to the crypto economy.
Launched on Tuesday morning, the project introduced its native token, DYM. DYM is increasing rapidly compared to its market value. crypto- It ranked 65th among assets. The token, which was $3.95 at launch, is currently trading at $7.75. This dramatic increase shows that the new project is making a notable impact on the crypto market.
Binance quickly launched trading support for DYM on Tuesday. This move by the global crypto exchange added a seed tag, which is generally valid for low-liquidity projects that may show higher volatility compared to other listed tokens.
Binance, requires users with seed-tagged assets to pass an exam every 90 days to ensure they understand the risks before buying or selling tokens. This aims to enable users to assess the potential risks of such assets and make informed investment decisions.
