A brand new altcoin surged by more than 96% over the last three days after its mainnet went live earlier this week.
Dymension (DYM) is a layer-1 blockchain that aims to serve as a network for “RollApps,” which the project defines as fast modular chains that work for games, decentralized finance (DeFi) protocols and non-fungible tokens (NFTs).
Says the project,
“Dymension was conceptualized two years ago as a monumental vision of adding another dimension (Y axis) to the Interchain by building a modular Internet of rollups. Today, with the first block and the birth of Dymension, a new chapter of blockchains begins…
Dymension’s vision of the Internet of RollApps exponentially accelerates the Interchain for all, from solo developers in garages to established teams, bringing back crypto to its roots. Empowering anyone to build and connect their own chain to the crypto economy.”
The project launched its first block and native token on Tuesday morning. The token, DYM, has already become the 65th-ranked crypto asset by market cap and is trading at $7.75 at time of writing, up from $3.95 during its launch.
Binance immediately rolled out trading support for DYM on Tuesday. The top global crypto exchange attached a seed tag to the asset, which often applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post New Modular Blockchain Altcoin Surges More Than 96% Just Two Days After Mainnet Launch appeared first on The Daily Hodl.