![DYM](https://images.mudrex.com/DYM.png)
Dymension
DYM
Watchlist
₹115.19
LIVE
Watchlist
24H Low ₹108.96
24H High ₹117.35
Price of DYM today
The current live price of DYM today is ₹115.19, with a 24-hour trading volume of ₹86,79,07,002.27. Our DYM to INR price is updated in real-time. DYM has seen a increment of 5.61% in the last 24 hours. With a live market cap of ₹23,19,98,71,349.03 , the circulating supply is at 201,747,877 DYM coins, with a maximum supply of 1,032,853,888DYM coins.
Dymension Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹4.15 | 3.75% |
7 Days | -₹3.16 | 2.67% |
30 Days | -₹7.31 | 6.01% |
1 Year | ₹0.00 | 0% |
Dymension Price Information
Price Change (1hr)
3.46%
Price Change (24hr)
3.75%
Price Change (7d)
2.67%
Dymension Market Stats
Market Cap
₹23,19,98,71,349.03
Fully Diluted Market Cap
₹1,18,77,23,88,983.38
24hr Volume
₹86,79,07,002.27
11.87%
Circulating Supply
201747877 DYM
Total Supply
1032853888 DYM
Things to know about Dymension
What is the Token?
Dymension (DYM) is a cryptocurrency token that operates on a modular blockchain platform with built-in roll-ups technology for scalability. It is designed to facilitate the deployment and operation of modular blockchains called RollApps. Dymension aims to address the challenges of scalability and interoperability in the blockchain ecosystem by providing a settlement layer and hub for Layer 2 RollApps. This architecture enables secure communication and liquidity sharing among Layer 2 applications, making it a pivotal component for the development of decentralized applications (dApps) and services.
Tokenomics
Staking:
DYM tokens can be staked to secure passive returns and secure the blockchain.
Token Burns:
Periodic token burns are undertaken to reduce the supply and potentially increase demand.
Inflation Rate:
Adjusted based on the proportion of DYM tokens staked relative to the total supply.
Market Data
As of today #{today’s date}, the price of Dymension is ₹115.19 INR or 1.277 USD, with a 24-hour trading volume of 9622028.85 USD. The market capitalization for Dymension is 257204782.14USD. The circulating supply is 201747877 Dymension, with the total supply also being 1032853888 Dymension.
Token Pros and Cons
Pros
Scalability:
Dymension’s modular architecture and roll-ups technology address scalability issues, enabling high transaction throughput.
Interoperability:
The introduction of an Inter-Blockchain Communication (IBC) protocol facilitates seamless interaction between different blockchain networks.
Decentralized Governance:
Dymension integrates a community voting mechanism, allowing token holders to influence the project’s direction.
Economic Incentives:
Staking and token burns are designed to create a sustainable economic model for token holders.
Security:
The use of DYM tokens to delegate to validators helps secure the network and provides transparency.
Cons
Market Volatility:
Like all cryptocurrencies, DYM is subject to market volatility, which can lead to significant price fluctuations.
Regulatory Risks:
Changes in cryptocurrency regulations could impact Dymension’s operations and token value.
Technical Complexity:
The modular blockchain and roll-ups technology may present a steep learning curve for new users and developers.
Competition:
Dymension faces competition from other Layer 1 and Layer 2 solutions aiming to solve similar problems.
Adoption Rate:
The success of Dymension heavily depends on the adoption rate among developers and users in the crypto ecosystem.
Why Should You Invest in the Coin?
Innovative Technology:
Dymension’s unique approach to scalability and interoperability positions it as a leading solution in the blockchain space.
Growing Ecosystem:
The platform’s ability to host a wide range of dApps and services attracts developers and users, potentially increasing the token’s value.
Active Development:
Continuous improvements and updates by the Dymension team demonstrate a commitment to the project’s long-term success.
Staking Rewards:
The opportunity to earn passive returns through staking DYM tokens provides an additional incentive for investors.
Community Governance:
The decentralized governance model empowers investors to have a say in the project’s future developments.
USP of the Coin
Modular Blockchain Platform:
Dymension’s focus on modular blockchains and roll-ups technology sets it apart from traditional blockchain solutions.
Inter-Blockchain Communication:
The IBC protocol enables unprecedented interoperability among different blockchain networks.
Economic Model:
The combination of staking, token burns, and decentralized governance creates a robust economic model for token holders.
Problem the Coin is Solving
Dymension addresses the critical challenges of scalability and interoperability in the blockchain ecosystem. By providing a modular settlement layer and facilitating secure communication among Layer 2 applications, Dymension enables the development of scalable and interoperable dApps and services.
Founder and Team Background
Yishay Harel and Barry Kuts are the founders of Dymension. Harel observed the rollup technology employed on Ethereum’s Layer 2 in 2021 and, recognizing the potential to streamline rollup implementation for developers, went on to develop Dymension. The team behind Dymension successfully raised $6.7 million through a funding round, with participation from major Web3 funds such as Big Brain Holdings and Stratos. The team’s expertise and experience in the crypto industry have been instrumental in the development and launch of the Dymension network and its native token, DYM.
ICO Price
ICO Price:
$0.05 - $0.3 (varying prices across different rounds)
Listing Date:
February 2023
Risks Associated in Investing in the Coin
Technical Risks:
The complexity of Dymension’s technology may lead to unforeseen challenges or vulnerabilities.
Competition:
The rapidly evolving blockchain space means Dymension must continuously innovate to stay ahead.
Liquidity Risk:
Depending on the exchange and market conditions, investors may face challenges in buying or selling DYM tokens.
Adoption Challenges:
Without widespread adoption by developers and users, Dymension’s potential impact could be limited.
Dependency on the Team:
The project’s success is heavily reliant on the expertise and execution of the Dymension team.
Whitepaper Insights
The Dymension whitepaper outlines the project’s vision to create a scalable and interoperable blockchain ecosystem through its modular architecture and roll-ups technology. It introduces Dymension as a settlement layer that facilitates communication and liquidity sharing among Layer 2 applications, known as RollApps. This approach aims to overcome the scalability challenges faced by traditional blockchains while ensuring high levels of security and efficiency.
The whitepaper details the tokenomics of DYM, including its total supply, staking mechanisms, and the role of token burns in managing the token’s supply and demand. It emphasizes the importance of decentralized governance, allowing the community to vote on proposals and influence the project’s direction.
One of the key innovations presented in the whitepaper is the Inter-Blockchain Communication (IBC) protocol, which enables seamless interaction between different blockchain networks. This feature is crucial for achieving interoperability, a significant hurdle in the current blockchain landscape.
The document also explores the technical aspects of Dymension’s architecture, including the design of RollApps and the use of modular components to build scalable dApps. It highlights the economic incentives for developers and users, such as staking rewards and the potential for passive income through participation in the ecosystem.
In conclusion, the Dymension whitepaper presents a comprehensive solution to the scalability and interoperability challenges in the blockchain space. It outlines a clear vision for a decentralized, efficient, and user-friendly ecosystem powered by DYM tokens, aiming to drive the adoption of blockchain technology across various industries.
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Price as per 11:51 PM • 07 Sep 2024
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What is the price of Dymension (DYM)?
The current price of Dymension (DYM) in INR is ₹115.19 INR.
What is the current DYM market cap?
The current market capitalization of Dymension (DYM) is ₹23,19,98,71,349.03 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of DYM by the number of coins in circulation.
What is the current supply of Dymension (DYM)?
The current supply of Dymension (DYM) is 201747877 DYM. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Dymension (DYM)?
The 24-hour trading volume of Dymension (DYM) in INR is ₹86,79,07,002.27. This figure represents the total value of all DYM transactions across various exchanges within the last 24 hours.
How to Buy Dymension (DYM) in India?
To buy Dymension (DYM) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in DYM.
Can I buy Dymension (DYM) with UPI?
Yes, you can buy Dymension (DYM) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Dymension (DYM) to Indian Rupee (INR)?
To convert Dymension (DYM) to Indian Rupee (INR), you can use our DYM/INR conversion rates in real time.