Dymension is a modular settlement layer that provides all the tools and infrastructure needed to easily launch enshrined rollups as part of the Cosmos ecosystem. This opens up a whole new dimension of decentralized use cases. Dymension introduces a paradigm shift in scaling, allowing for a future where metaverse apps, games, and other ultra-high-throughput services can reside on the blockchain by easily deploying dedicated rollups tailored to their needs.

Dymension Fundraising

Fundraising Event

Round	Amount	Valuation	Date	Investors
Seed	$7M	--	Feb 09, 2023	Stratos* Big Brain Holdings* MatchboxDAO Shalom Meckenzie

Investor

Dymension Team

Dymension

DYM

-6.49%

Total dollar volume24H

$22,286,373

High24H

1.566 USDT

Low24H

1.391 USDT

Market Cap

#204$313,103,613

FDV

$1,456,000,000

Turnover rate

7.12%

Circulating supply

215,043,690

Total supply

1,000,000,000

Max supply

∞

All time high

8.734 USDT

All time high date

Feb 14, 2024

Down from All time high

-83.33%

Cycle low

0.957 USDT

Cycle low date

Aug 05, 2024

Up from cycle low

52.14%

Official links

Socials

Introduction

Dymension is a network of modular blockchains known as RollApps, designed to be easily deployable and extremely fast. It adopts a "Modular" blockchain paradigm, disaggregating responsibilities into multiple layers - Execution RollApps, Settlement, Consensus, and the Dymension Hub.

RollApps are the front-end applications of the Dymension network, offering users a platform for various applications like gaming, decentralized finance (DeFi), and NFTs. Dymension secured $6.7 million in funding through a private token round from key investors like Big Brain Holdings, Stratos, Matchbox DAO, and Shalom Meckenzie of DraftKings. An additional fundraising target of around $20 million is set prior to their mainnet launch.

Dymension is positioned as a transformative force in the blockchain space, with its modular network architecture, unique RollApps, and innovative consensus mechanism. Its strategic tokenomics and significant investor backing suggest strong potential for future growth and expansion, aiming to establish a more decentralized, efficient, and user-centric blockchain ecosystem.

Terms

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