Buy Dymension (DYM)
What is Dymension?
Dymension is a Layer 1 blockchain designed to connect users, liquidity, and decentralised applications (dApps) through modular blockchains called RollApps. The platform aims to create a decentralised, high-performance internet by simplifying blockchain deployment and offering scalability and speed comparable to web2 servers. Its ecosystem integrates Layer 1 and Layer 2 solutions, a decentralised exchange (DEX), and RollApps-as-a-Service (RaaS) tooling.
How does Dymension work?
Dymension operates as a modular blockchain network, leveraging its Layer 1 architecture and innovative RollApps to deliver seamless connectivity and scalability. Key components include:
- RollApps: Modular blockchains that are fast, easily deployable, and connected through Dymension’s ecosystem.
- Inter Blockchain Communication (IBC): Ensures interoperability between RollApps, Dymension, and the broader crypto ecosystem.
- Non-Custodial Design: Maintains user control and decentralisation across all operations.
- Fullstack Protocol: Integrates L1, L2, DEX, and RaaS tooling into a unified framework, simplifying blockchain deployment and interaction.
Dymension's infrastructure abstracts the complexities of managing individual blockchains, enabling developers and businesses to focus on building dApps and services.
What are the potential use cases for Dymension?
Dymension supports a variety of applications across the blockchain and DeFi ecosystem:
- RollApp Deployment: Allows developers to create modular, high-performance blockchains.
- Interoperability: Connects blockchain applications and liquidity across ecosystems using IBC.
- Decentralised Finance: Facilitates seamless DeFi operations through integrated DEX functionality.
- Web3 Applications: Powers scalable and interconnected Web3 solutions.
These use cases position Dymension as a foundational technology for blockchain scalability and connectivity.
What is the history of Dymension?
Dymension was conceptualised as a solution to the scalability and complexity challenges faced by blockchain developers and users. While specific details about its origin, founding team, or milestones are unavailable, its focus on modular architecture and interoperability reflects a commitment to enhancing the blockchain ecosystem.
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Frequently Asked Questions (FAQs)
What is the current price of Dymension (DYM)?
The Dymension price is $2.2931 AUD, representing a -11.31% from the day prior.
Where is the best place to buy Dymension (DYM) in Australia?
The best place to buy Dymension (DYM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Dymension (DYM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Dymension (DYM)?
The trading volume of Dymension (DYM) is $31.1M AUD in the last 24hrs, representing a -11.31% from the day prior.
How can I buy Dymension (DYM)?
Dymension (DYM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Dymension (DYM)?
The current market cap of Dymension (DYM) is $496.1M AUD.
Can I convert Dymension (DYM) to cash?
Yes - With Coinstash you can convert your Dymension (DYM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Dymension (DYM) are there?
The current circulating supply of Dymension (DYM) is 219.6M.
Is Coinstash a safe place to buy Dymension (DYM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Dymension (DYM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.