Dymension
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Dymension in numbers
Dymension (DYM) ranks #924 by market capitalization, at $11.74M. It belongs to the Networks sector (Layer-1). It has traded since Feb 6, 2024, across 23 markets on 16 exchanges, with $5.42M of volume in the last 24 hours. Its all-time high of $8.50 was reached on Feb 15, 2024; the current price is 99.8% below that peak. Its cycle low of $0.0127889 came on Jul 29, 2026.
692.22M DYM are in circulation. 94.7% of the token allocation has been unlocked. 5 investors are recorded as backers, including Big Brain Holdings, Stratos Technologies, Celestia Foundation. It is available on 2 networks.
About Dymension
Dymension Hub (Dymension) is a Layer-1 network that serves as a modular settlement and consensus layer, whereas its application-specific Layer-2s serve as modular execution layers. Dubbed “RollApps,” the Layer-2s are “enshrined,” meaning Dymension is aware of them and is optimized for maintaining the state of each one. This is in contrast to Ethereum Layer-2s, which rely on smart contracts on Ethereum for settlement and data availability.
Background
Founded by Yishay Harel and Barry Kuts, Dymension was first announced in April 2022 and aims to be the “home for easily deployable and lightning fast app-chains, called RollApps.” In September 2022, Dymension released an updated roadmap for its testnet and mainnet launches. In February 2023, the permissioned Dymension Hub 35-C non-incentivized testnet went live. In August 2023, the permissionless Froopyland incentivized testnet went live.
On Feb. 6, 2024, Dymension’s mainnet was launched. Simultaneously, Dymension’s native token, DYM, went live as the Genesis Rolldrop distributed 70.00 million DYM (7.00% of the initial total token supply).
Dymension’s mainnet is live and functional, with usage metrics seen here. As of February 2024, no RollApps have been deployed, and DYM can only be used to stake to operate a validator, delegate to a validator, or vote on governance proposals. Several of Dymension’s features, such as IBC Bridge and the embedded automated market maker (AMM), will become live once RollApps launch. While no timelines have been announced, Dymension plans the following formal stages for the network: