Dymension, a layer-1 blockchain on the Cosmos network, recently launched its mainnet and introduced its native cryptocurrency, DYM.
Following the $403 million DYM airdrop, the token's value surged by an impressive 2,500%.
What sets Dymension apart is its modular blockchain structure, organized into layers to enhance performance, scalability, and efficiency.
Described as a "network of easily deployable and lightning-fast app-chains" called
RollApps, Dymension utilizes Cosmos technology and the IBC protocol to standardize rollups and connect with other blockchains.
Developers can choose any compatible virtual machine and token through RollApps.
Before deploying the mainnet,
Dymension initiated the Genesis Rolldrop, a reward program allowing over a million addresses, including users from Solana, Cosmos, Celestia, Ethereum L2 networks, and certain NFT holders, to claim up to 70 million DYM tokens.
Following the mainnet launch and DYM token distribution, the cryptocurrency's price experienced a remarkable surge from $0 to a peak of $6.02, currently trading at $5.77. DYM quickly gained traction on centralized exchanges like Binance, ByBit, and KuCoin, although U.S. citizens are excluded from the airdrop.
The success of DYM's airdrop positions it among the notable achievements in recent crypto market airdrops.
