Dymension[DYM]
Dymension is a Cosmos-based Layer 1 and the inter-blockchain communication protocol.
Dymension is a Layer 1 modular blockchain platform designed to facilitate the development and deployment of RollApps - Layer 2 networks that operate on Dymension’s underlying consensus mechanism while maintaining their customizable execution logic.
Dymension's RollApps are application-specific Layer 2 platforms, each launched with a single application in mind, providing significant cost and scalability advantages compared to transacting directly on a Layer 1 chain. Unlike standard rollups that support multiple decentralized apps (DApps), RollApps are tailored to optimize performance for specific use cases. These RollApps utilize Dymension's validator network for secure operations and consensus, with the flexibility to source their data availability layer externally from providers like Celestia and Near.
Built on the Cosmos SDK, one of the industry's leading blockchain development frameworks, Dymension has further expanded its capabilities with the introduction of the RollApp Development Kit (RDK). This kit extends the functionality of the Cosmos SDK, enabling streamlined and modular RollApp development. Dymension also incorporates the Inter-Blockchain Communication (IBC) protocol from Cosmos, allowing its RollApps to seamlessly communicate with one another across the Dymension network and connect with other IBC-enabled chains within the Cosmos ecosystem.
Dymension's RollApps are application-specific Layer 2 platforms, each launched with a single application in mind, providing significant cost and scalability advantages compared to transacting directly on a Layer 1 chain. Unlike standard rollups that support multiple decentralized apps (DApps), RollApps are tailored to optimize performance for specific use cases. These RollApps utilize Dymension's validator network for secure operations and consensus, with the flexibility to source their data availability layer externally from providers like Celestia and Near.
Built on the Cosmos SDK, one of the industry's leading blockchain development frameworks, Dymension has further expanded its capabilities with the introduction of the RollApp Development Kit (RDK). This kit extends the functionality of the Cosmos SDK, enabling streamlined and modular RollApp development. Dymension also incorporates the Inter-Blockchain Communication (IBC) protocol from Cosmos, allowing its RollApps to seamlessly communicate with one another across the Dymension network and connect with other IBC-enabled chains within the Cosmos ecosystem.
Proof of StakeLayer 1 (L1)Cosmos Ecosystem
Current price
24h:5.23%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
94.48%All time low price
10.48%Token supply
0 DYM (0%)
1B DYM (100%)
$0
$0.47
$0
$469.72M
235.97M DYM (23.6%)