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Dymension is a network of easily deployable and lightning fast modular blockchains called RollApps. Dymension is similar to a full-stack web application where users interact with RollApps (front-end), the Dymension Hub (back-end) acts as the coordinator for the ecosystem, and the data availability networks (database) provide a place to publicize data. RollApps are the interactive applications for the Dymension network. Like any web application, each RollApp is fully customizable. You can build games, DeFi, NFT projects and much more!
Dymension has airdropped a total of 70,000,000 DYM to Ethereum L2s, Cosmos, Celestia, Solana and various NFT holders. Users who qualified could claim the airdrop until January 21st, 2024. Unclaimed tokens were redistributed to those who had already claimed the airdrop.
New DYM holders or stakers could still become eligible for future airdrops from projects that are building on Dymension, as we’re seeing with Celestia airdrops.
Step-by-Step Guide: Potential Airdrops to DYM Stakers
Firstly, get some DYM. You can get it on Binance.
Add the Dymension network to your Metamask wallet from Chainlist.
Now withdraw your DYM from Binance to your Metamask wallet.
Then go to the Dymension staking page, select a validator and stake some DYM.
Please note that it will take 21 days to unstake your tokens.
Dymension is a home for easily deployable and lightning fast RollApps. Lot of projects are currently building on the platform. Similar to the Celestia airdrops, The projects that are using the Dymension blockchain to build RollApps could also likely airdrop their tokens to DYM stakers.
#Bitcoin Tops $44K, With Whale Accumulation Suggesting Conviction in More Price Gains.
Bitcoin has surged above $44K, fueled by whale accumulation and a bullish U.S. stock market. This surge comes after a period of consolidation following the debut of spot ETFs. Large holders have been accumulating Bitcoin, with addresses holding over 1,000 BTC reaching a multi-month high. This increase in accumulation suggests a strong conviction in further price gains.
The overall market sentiment has been positive, with major U.S. indices hitting new all-time highs. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite have all shown robust performance. This optimism has spilled over into the cryptocurrency market, with Ethereum also making gains, surpassing $2,400 on renewed ETF optimism.
However, concerns about the health of New York Community Bancorp briefly impacted market sentiment. Shares initially faced losses but recovered after the bank issued a statement reassuring investors about its liquidity and stability.
Ether has led the gains among altcoins, driven by optimism surrounding spot ETFs. Asset managers Ark Invest and 21Shares have updated their joint application, aligning it more closely with approved Bitcoin ETFs and potentially appeasing regulators. This move also hints at the possibility of staking tokens to earn rewards, further enhancing investor interest.
Overall, the cryptocurrency market is experiencing a bullish trend, supported by strong accumulation, positive stock market performance, and optimism surrounding ETFs.