$98,525.00
4.83%$3,365.06
9.69%$255.69
8.21%$623.05
2.52%$1.20
8.35%$0.385481
1.72%$0.999409
0.03%$3,361.24
9.60%$0.813474
0.90%$0.198117
1.35%$35.70
5.72%$0.00002472
2.88%$98,183.00
4.54%$3,982.11
9.78%$5.49
3.38%$3.66
2.78%$3,358.13
9.38%$485.34
9.58%$14.86
3.68%$0.00002099
11.20%$5.93
3.27%$8.81
5.51%$0.253331
1.41%$5.77
4.68%$89.03
6.01%$12.01
0.74%$3,538.41
9.48%$9.26
5.02%$1.001
0.03%$0.186023
3.63%$0.1256
1.90%$9.23
3.41%$27.47
8.35%$0.00005353
5.54%$524.91
9.20%$0.152736
0.56%$7.37
-1.70%$1.001
0.03%$0.449328
3.24%$24.73
3.43%$3.81
-0.79%$1.27
2.42%$3.25
5.60%$0.78137
16.31%$160.83
-0.12%$1.93
5.84%$45.39
4.01%$4.54
6.85%$0.795857
10.70%$2.08
25.79%$0.03209004
0.93%$0.000261
-3.53%$168.46
7.22%$6.41
2.60%$25.11
7.15%$5.41
8.37%$1.36
6.55%$0.998084
-0.08%$0.219392
-0.70%$0.485315
4.35%$3,363.02
9.54%$1.44
6.92%$0.708077
6.06%$5.37
5.78%$6.23
10.52%$0.214879
1.08%$3,753.53
9.22%$1.71
3.23%$0.579962
12.29%$0.162871
1.77%$3,523.26
9.52%$2.25
5.69%$98,559.00
4.73%$1.58
3.64%$98,393.00
4.85%$1.12
4.27%$3,451.90
9.72%$0.414937
-0.39%$1.019
3.56%$1,646.04
9.45%$69.09
0.18%$315.70
7.83%$1.35
-6.88%$11.03
1.79%$9.97
3.07%$86.04
-2.18%$17.98
4.21%$0.02893032
3.51%$0.02194826
0.78%$98,412.00
4.76%$0.710484
4.92%$0.00000113
5.57%$1.22
8.84%$1.055
1.71%$0.02018051
0.13%$0.503264
10.80%$3.16
2.06%$0.448745
3.27%$269.59
7.68%$3,322.48
8.42%$0.661239
5.24%$0.02068584
3.39%$0.00000256
23.68%$98,031.00
4.56%$0.990907
7.00%$5.73
0.47%$98,253.00
4.73%$3.85
-1.93%$11.56
2.48%$13.06
5.15%$1.32
5.67%$1.31
7.47%$0.01027677
-1.26%$0.977533
4.95%$5.78
4.42%$0.00004473
1.27%$0.147843
4.30%$0.755584
-2.71%$5.22
6.24%$1.16
2.24%$30.16
4.05%$1.29
5.52%$0.00197447
13.15%$3,468.17
9.77%$0.00826202
16.29%$259.03
7.92%$0.344719
2.96%$0.38693
1.88%$37.83
6.24%$0.663181
3.75%$0.409821
3.53%$0.997908
-0.04%$0.00739363
6.23%$0.158126
12.17%$3,354.44
9.16%$267.18
7.00%$0.00996849
6.08%$45.08
7.56%$0.074319
3.11%$2,668.72
0.61%$2.09
-0.84%$3,355.05
9.32%$0.239259
7.76%$0.99732
0.35%$19.07
9.33%$0.04209776
0.80%$0.00011076
6.17%$3,636.20
9.46%$1.85
11.01%$0.171703
2.26%$0.710599
3.88%$0.01341746
6.28%$1.31
7.55%$33.49
2.84%$2.40
14.04%$1.28
3.65%$0.0081552
6.05%$0.562652
2.99%$3,369.17
9.10%$0.082574
6.84%$1.95
3.86%$98,418.00
4.89%$0.1496
10.62%$0.999387
0.03%$0.081343
1.28%$1.069
0.55%$98,530.00
4.85%$2,673.57
0.76%$0.00153313
0.09%$0.558174
13.36%$1.42
5.56%$0.252555
5.16%$3,315.37
8.57%$0.00000024
5.53%$0.404606
7.20%$0.167745
7.40%$0.461449
5.10%$1.001
0.24%$97,617.00
3.89%$2.63
17.81%$8.54
0.78%$3,365.42
9.61%$0.065555
2.33%$0.482678
21.47%$0.507418
2.62%$3.97
8.03%$53.99
1.55%$0.00000048
1.53%$0.453357
9.38%$0.067985
2.02%$0.459301
-13.59%$1.061
1.66%$0.441692
4.28%$3,600.46
9.31%$0.234351
10.46%$3.30
20.83%$3,360.40
9.53%$0.335919
4.28%$7.00
8.22%$0.99944
-0.01%$3,508.29
9.50%$0.0133919
6.09%$8.31
7.02%$0.00772671
4.15%$0.04262004
3.59%$0.998913
0.03%$0.979381
0.04%$97.64
-0.04%$0.996127
-0.41%$0.04265955
5.78%$0.962774
5.22%$3.60
4.97%$1.064
0.22%$0.02078412
4.61%$0.709951
7.72%$1.90
27.34%$3,718.65
9.97%$0.387952
31.79%$1,979.94
4.86%$3.56
10.18%$10.58
5.76%$0.545713
1.39%$0.00213059
6.60%$0.00462815
3.64%$0.04632979
11.05%$98,288.00
4.55%$1.002
0.19%$3,567.58
9.71%$0.666994
1.90%$0.430755
3.59%$0.898283
7.98%$0.00
6.23%$1.67
14.63%$0.359563
3.44%$0.02096483
16.50%$0.322955
8.81%$41.95
5.80%$97,382.00
4.94%$0.200251
4.76%$1.37
3.37%$4.50
8.22%$0.671357
5.53%$0.00602047
0.93%$0.00106585
9.76%$28.71
4.05%$3.24
8.01%$0.03377085
2.78%$20.77
2.55%
A day after Dymension, a Cosmos-based RollApp platform, airdropped 700 million tokens to users, DYM is trading for $5.60—around 58% higher than it was yesterday.
It now also has a staggering $5.6 billion fully diluted valuation, according to CoinGecko data. Keep in mind that fully diluted valuation pretends that a coin's fully supply is circulating in the market, even if that isn't the case.
The overwhelming majority of trading has occurred on Binance. Altogether, DYM has seen $511 million worth of trading volume in its first day, according to CoinGecko.
Dymension launched its mainnet on Tuesday and distributed more than $390 million in DYM tokens through an airdrop targeting early users and communities across Solana, Ethereum, and other networks.
The airdrop involved 700 million DYM tokens, representing 7% of the total supply.
Dymension is a layer-1 blockchain enabling developers to deploy app-specific chains, or "RollApps," using Cosmos technology and the IBC protocol for cross-chain connectivity. The "genesis rolldrop" reached over a million unique wallets but only about half claimed their share.
But there's already concerns about how staking has concentrated 35 million DYM tokens—and with it, more than 44% of total voting power—with just one validator: Big Brain Staking. The Dymension team hasn't yet commented on the concentration of staked DYM tokens or said anything to reveal the identity of the validator.
35 MILLION $DYM Delegated to Big Brain Staking
44.49% of Voting Power
APR was around 1,100% and fell to under 200% within the first 3 hours. That's JUICY returns, while users scrambled with no info on how to stake.
Who is Big Brain Staking @dymension ?
Wen Decentralization? pic.twitter.com/0RwhesL4rw
— Airdrops (@Airdrops_one) February 6, 2024
In the early, volatile days of the DYM token dropping, the Dymension metrics dashboard still promises 65.32% APR on staked tokens. But that's liable to change. It's already dropped by 98% since yesterday.
DYM's airdrop ranks as the second-largest by value so far of 2024. It follows decentralized exchange (DEX) aggregator Jupiter on Solana, which airdropped 1 billion JUP last week—which, at the current price, puts the total value of that drop at $527 million.
Dymension's tokenomics include a total supply of 1 billion DYM, with 7% allocated for airdrops, aiming to distribute the native token to support the ecosystem's security, growth, and the sustainability of RollApps.
