Recently, I saw $DYM trending on CoinGecko. Then, I decided to conduct some research, and based on my findings, it appears that Dymension Blockchain is positioned for massive growth.. In addition to being a platform designed as a settlement layer for launching rollups within Cosmos, it also aims to standardize rollups using the IBC protocol, similar to how ERC standardized tokens on Ethereum. This interoperability will likely bring huge potential.
They recently airdropped 70 million $DYM tokens, approximately 7% of the total supply, to its community. This is a large amount but unlikely to significantly affect the project.
Based on my experience with the Celestia $TIA airdrop, I expect DYM to increase at least 2x from its current price.
This is because it facilitates asset transfers between Cosmos and Ethereum, allowing Ethereum dApps to use Cosmos' low fees. The EVM support also eases migration.
As interoperability gains traction in 2023, I think this blockchain can accelerate crypto by enabling seamless multi-chain applications. With the airdrop and this will help it gain more support over time.
I'm considering investing in this project and would welcome others' thoughts. But overall, th :ois Blockchain seems well-positioned for massive growth.