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Dymension

Dymension priceDYM

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Dymension price calculator

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DYM
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1 DYM = 6.46 USD
Last updated 2024-02-23 20:47:33(UTC-0)

Dymension price live data summary

The live price of Dymension is $6.46 per (DYM / USD) today with a current market cap of $943.53M USD. The 24-hour trading volume is $91.41M USD. DYM to USD price is updated in real time. Dymension is -13.26% in the last 24 hours. It has a circulating supply of 146,000,000 .

What is the highest price of DYM?

DYM has an all-time high (ATH) of $8.66, recorded on 2024-02-14.

What is the lowest price of DYM?

DYM has an all-time low (ATL) of $2, recorded on 2024-02-04.

When is a good time to buy DYM? Should I buy or sell now?

When deciding whether to buy or sell DYM, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DYM technical analysis can provide you with a reference for trading.
According to the DYM 4h technical analysis, the trading signal is Sell.
According to the DYM 1d technical analysis, the trading signal is Neutral.
According to the DYM 1w technical analysis, the trading signal is Sell.

Dymension price performance in USD

24h7d30d90d1yAll-time
-13.26%-15.54%------+61.88%

Dymension price history in USD

TimeLowHigh
24h$6.28$7.49
7d$6.28$7.88
30d$2$8.66
90d$2$8.66
1y$2$8.66
All-time$2(2024-02-04, 20 days ago )$8.66(2024-02-14, 10 days ago )

Dymension market information

Market capCombinedShapeIcon
$943,527,271.96
-13.26%
Fully diluted market capCombinedShapeIcon
$6,462,515,561.35
-13.26%
Volume (24h)CombinedShapeIcon
$91,406,878.3
+11.05%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+14.00%
24h volume / market capCombinedShapeIcon
0.0968
Circulating supplyCombinedShapeIcon
146,000,000 DYM
Total supply / Max supplyCombinedShapeIcon
1,000,000,000 DYM
1,000,000,000 DYM
ICO price
share

Dymension ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Dymension Social Data

In the last 24 hours, the social media sentiment score for Dymension was 0, and the social media sentiment towards Dymension price trend was Bearish. The overall Dymension social media score was 21,546, which ranks 107 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,240,010 times, with Dymension being mentioned with a frequency ratio of 0.02%, ranking 79 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Dymension, with a total of Dymension mentions of 228. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has decrease by 61%.

On Twitter, there were a total of 1 tweets mentioning Dymension in the last 24 hours. Among them, 0% are bullish on Dymension, 0% are bearish on Dymension, and 100% are neutral on Dymension.

On Reddit, there were 0 posts mentioning Dymension in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Dymension. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
21.55K(#107)
Social contributors(24h)
0
0%
Social mentions(24h)
228(#79)
-61%
Social dominance(24h)
0.02%
Twitter
Tweets(24h)
1
-50%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Dymension(DYM)

What Is Dymension?

Dymension is a Delegated Proof-of-Stake Layer-1 blockchain. It introduces a network of high-speed, modular blockchains known as RollApps. These RollApps are designed to be easily deployable and offer a streamlined approach for creating diverse blockchain applications, addressing the need for scalability, interoperability, and efficiency in the blockchain ecosystem.

The core of Dymension's innovation lies in its RollApp Development Kit (RDK), which acts similarly to the Cosmos SDK for RollApps, providing developers with a robust toolkit to expedite the building process of these applications. This unique approach positions Dymension as a pivotal player in the future development of blockchain technology, offering modular and highly efficient solutions. In February 2024, Dymension launched its mainnet with a 700 million DYM token airdrop to Ethereum and Solana users .

Resources

Official Documents: https://docs.dymension.xyz/

Official Website: https://dymension.xyz/

How Does Dymension Work?

Dymension and its ecosystem of RollApps offer a solution to the blockchain scaling trilemma, which involves achieving a balance between scalability, security, and decentralization. RollApps use Elastic Block Production (EBP) to produce blocks on-demand, significantly reducing the network load and improving efficiency, especially during periods of low activity. This modular nature allows for tailor-made solutions for specific use cases, optimizing transaction throughput. Each RollApp, secured by the validators of the Dymension network through a Delegated Proof of Stake (DPoS) mechanism, represents a significant step forward in the development of scalable, secure, and decentralized applications (DApps).

The operation of Dymension revolves around the use of RollApps, which are essentially individual, application-specific blockchains deployed on the Dymension network. These RollApps are customizable and optimized for specific use cases, using EBP to produce blocks on-demand in response to network activity. The RDK facilitates the building of RollApps by providing pre-built modules and necessary tools, making Dymension act as a hub that connects various RollApps, enabling interoperability and communication between different blockchain ecosystems. Sequencers within RollApps are responsible for validating, ordering, and processing transactions, providing immediate state updates upon transaction submission. This system ensures network security while allowing connections to external blockchains, with the DYM token playing a crucial role in transaction processing, staking, governance, and as a medium for cross-chain value transfer.

What Is DYM Token?

DYM is the native token of the Dymension ecosystem, serving various roles from securing the network to enabling governance and facilitating interoperability across blockchain networks. Validators stake DYM tokens to secure the network and process transactions, earning rewards for their contributions. DYM token holders have governance rights, allowing them to participate in decision-making processes regarding the ecosystem's future development. Additionally, DYM tokens facilitate transactions and interactions across different blockchain networks, including paying for the costs associated with cross-chain data and asset transfers. DYM has a total supply of 1 billion tokens.

What Determines Dymension’s Price?

The price of Dymension (DYM) is influenced by a complex interplay of factors that resonate with the broader cryptocurrency market trends, including supply and demand dynamics, market sentiment, technological advancements within the Dymension ecosystem, and the overall performance of the blockchain sector. As investors and enthusiasts closely monitor price predictions for DYM in 2024, historical charts of Dymension offer valuable insights into its performance and potential as a good investment. Factors such as the adoption rate of RollApps, updates to the Dymension network, regulatory developments, and more play pivotal roles in shaping DYM's valuation. Like other digital assets, DYM price is also subject to the speculative interest of traders, making it essential for potential investors to conduct thorough research and consider the inherent volatility of the cryptocurrency market before making investment decisions.

For those interested in investing or trading Dymension, one might wonder: Where to buy DYM? You can purchase DYM on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Related Articles about Dymension:

Dymension (DYM): Revolutionizing Decentralization with RollApps

How to buy Dymension (DYM)

Buying Dymension on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Dymension (DYM) .

Trade DYM perpetual futures

After having successfully signed up on Bitget and purchased USDT or DYM tokens, you can start trading derivatives, including DYM futures and margin trading to increase your income.

The current price of DYM is $6.46, with a 24h price change of -13.26%. Traders can profit by either going long or short onDYM futures.

Join DYM copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DYM tokens, you can also start copy trading by following elite traders.

Dymension news

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People are also inquiring about the price of Dymension.

What is the current price of Dymension?

We update our Dymension to USD price in real time. Get the live Price of Dymension on Bitget.

What is the 24 hour trading volume of Dymension?

Over the last 24 hours, the trading volume of Dymension is $91.41M.

What is the all-time high of Dymension?

The all-time high of Dymension is $8.66. This all-time high is highest price for Dymension since it was launched.

Can I buy Dymension on Bitget?

Yes, Dymension is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Dymension guide.

Can I get a steady income from investing in Dymension?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Dymension with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Dymension online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Dymension, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Dymension purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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