Mar 21, 2024
DeFi
NIM for DYM: Dymension Stakers Get First Confirmed Airdrop
Dymension—a layer-1 blockchain network built with Cosmos tech for app-specific “RollApps”—launched a massive token airdrop back in February, raining down $390 million worth of DYM tokens on crypto users across various communities. Now anyone who staked DYM can claim another airdrop from a RollApp building on the chain. NIM Network, a RollApp powered by Dymension and Celestia that is focused on powering AI gaming applications, launched its own “Genesis Rolldrop” airdrop claim on Thursday, serving...
Feb 7, 2024
Markets
Dymension Gains 58% in First Day, But Questions Loom About Big Brain Staking
A day after Dymension, a Cosmos-based RollApp platform, airdropped 700 million tokens to users, DYM is trading for $5.60—around 58% higher than it was yesterday. It now also has a staggering $5.6 billion fully diluted valuation, according to CoinGecko data. Keep in mind that fully diluted valuation pretends that a coin's fully supply is circulating in the market, even if that isn't the case. The overwhelming majority of trading has occurred on Binance. Altogether, DYM has seen $511 million worth...