Dymension (DYM) Airdrop Distribution to Over One Million Users 🥁
🎈airdrop alert🎈
After launching its mainnet, Dymension token (DYM) experienced a 40% surge in value within two hours of being listed on major centralized exchanges like Binance. The token, which is part of the app-chain infrastructure, reached a market cap of over $370 million with a fully diluted value exceeding $4.5 billion.
For the airdrop, over one million addresses qualified to receive 70 million DYM units, constituting 7% of the total supply. Eligibility criteria included interactions with Ethereum layer-2 blockchains, Celestia (TIA), Cosmos Hub (ATOM), Osmosis (OSMO) staking, and activity on Solana.
According to DYM tokenomics, 80 million tokens were issued, accounting for 8% of the 1 billion total supply. Dymension focuses on creating purpose-specific blockchains, known as app-chains, built on layer-1 blockchains and termed 'RollApps'. This modular approach addresses Web3 scalability challenges, similar to protocols like AltLayer and Celestia, by separating execution layers from data availability and consensus layers.
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