Dymension Research Hub | DYM information, history and analysis
Dymension, a layer-1 blockchain within the Cosmos ecosystem, aims to transform decentralized applications (dApps) with its innovative modular blockchain system known as “RollApps.” This system enables developers to enhance the efficiency and speed of application development on the Dymension network, facilitated by the user-friendly RollApp Development Kit.
By providing standard modules for essential functions like account creation and token management, the kit streamlines the development and deployment processes, significantly minimizing the time and effort needed for coding fundamental features while also enhancing performance and scalability.
DYM is a native coin of the Dymension ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Pay bridge fees and swap fees.
- Participate in the project governance
DYM trading volume is $53.47m. Market capitalization reaches $106.79m.
Binance has announced its full support for the Dymension network upgrade aimed at enhancing user experience. This move underscores Binance’s commitment to providing seamless services during the upgrade. Scheduled at block 5,135,550, the upgrade is anticipated to occur by 08:00 on January 6, 2025.
Deposits and withdrawals of DYM tokens will be temporarily halted from 07:00 on January 6, 2025, to facilitate the network upgrade. Despite this pause, trading activities involving DYM tokens will proceed as USUAL, ensuring uninterrupted operations for traders in the market.
After the network upgrade is confirmed stable, Binance will automatically resume both deposits and withdrawals of DYM tokens. No separate notification will be issued for this continuation. Binance’s initiative highlights their dedication to integrating advanced technological developments within blockchain networks.
Modular blockchain network Dymension has announced the upcoming launch of its domain name service, DymNS.
This new service will integrate multiple blockchains and RollApps under a single domain name system. Each deployed RollApp will automatically register a RollApp domain, also known as a handle on Dymension
Dymension, a modular settlement layer of the Cosmos ecosystem, has announced the integration of eIBC (Hosted IBC) into its mainnet.
eIBC is a novel protocol based on IBC that enables near-instantaneous Rollup withdrawals. This development marks a significant step forward in enhancing the functionality and efficiency of the platform.