Dymension (DYM)
Why Dymension
Crypto apps are in dire need of ease of use and economic sustainability. Recently, rollups have shown a simple business model that works, fees minus base layer costs equals their profit. As a result, a surge of L2s were deployed each with its own custom implementation, multi-sig bridge, and security assumptions. This led to a fragmented, unsecure, and chaotic user experience diminishing the advantages of rollups and modular blockchains.
How Dymension
Dymension standardizes rollups with IBC (Inter-Blockchain Communication Protocol), similar to how tokens were standardized with ERC. RollApps are a new crypto primitive offering the rollup business model along with speed and scale under one unified experience. This paves the way for the emergence of a true Internet of rollups. RollApps are modular blockchains, instead of maintaining costly validators, RollApps leverage the Dymension Hub (layer 1) for securing their funds and Data Availability (DA) networks for publishing their transaction data.
Building Blocks of Dymension
Security IBC is an important aspect of Dymension. IBC is a battle-tested bridging protocol that allows secure communication between different chains. RollApps connect to the IBC economy via Dymension Hub, similar to how a server connects to the internet via an internet service provider. Dymension replaces centralized and risky multi-sig bridges prevalent in Ethereum and L2 ecosystems with IBC-connected rollups. By building IBC for rollups, Dymension validates that all funds deposited into a RollApp are as secure as the Dymension Hub itself. Liquidity Dymension Hub hosts an embedded liquidity layer that facilitates asset pricing, swapping, and efficient token routing across the ecosystem. This promotes economic growth by enabling a seamless user onboarding experience to RollApps and easy access to RollApp tokens. Data, Scale and Costs RollApps publish transaction data to external blockchains such as Celestia, Avail, NEAR and others to provide verifiability for RollApps. RollApps can choose which blockchain is the best choice for their data according to costs, values, tech and more. This creates competition and a data market necessary for scaling all data requirements of the entire Internet of RollApps. Crypto UX The future of crypto UX is deposit, play, withdraw. Dymension’s infrastructure streamlines it in scale, enabling developers to deploy RollApps in a few clicks with the Dymension RollApp Development Kit (RDK). Users can easily deposit from Ethereum and further across all of the crypto ecosystem with a single transaction routed through the Dymension Hub.
What tools does Nimbus offer for effortlessly monitoring Dymension?
Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor Dymension effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to Dymension. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking Dymension prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.
How does Nimbus enable tracking Dymension prices with profit and loss?
Nimbus facilitates the tracking of Dymension prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.
How does Nimbus analyze Dymension, and what insights does it provide?
Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting Dymension . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their Dymension. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.
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DYM Market Statistics
Price USD
$1.73Market Cap
$333,511,038.67Total Volume USD
$19,942,999.25Total Supply
1,029,523,762.00 DYMCirculating Supply
192,559,387.00 DYMFully Diluted Market Cap
$1,783,125,427.18Socials
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