$DYM
How Does Dymension Work?
• It allows developers to build RollApps, which act as both independent blockchains and dApps.
• Uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, where DYM token holders can delegate tokens to validators and participate in network governance.
• Focuses on interoperability and easy customization of blockchain applications.
DYM Token: Uses and Functions
• Staking: Users can stake DYM tokens to help secure the network and earn rewards.
• Governance: Token holders can vote on important decisions about the platform’s development.
• Transaction Fees: DYM is used to pay transaction fees on the network.
• Interoperability: Helps facilitate value transfer between different RollApps on the platform.
Market Data (as of July 29, 2025)
• Current Price: Around $0.27 USD
• Market Cap: Approximately $92 million USD
• Circulating Supply: About 335 million DYM
• Total Supply: Up to 1 billion DYM
• 24h Trading Volume: Roughly $10 million USD
• All-Time High: About $7.48 USD (February 2024)
• All-Time Low: About $0.19 USD (June 2025)
The token has experienced significant price volatility, dropping roughly 96% from its all-time high.