Dymension (DYM) is a Layer 2 scaling solution built on top of Ethereum. The project aims to simplify the blockchain landscape using the Inter-Blockchain Communication (IBC) protocol, unifying and securing rollups.
The platform's RollApps prioritize security, scalability, and user-friendly interactions, facilitated by the Dymension Hub. This approach streamlines rollup launch and management, ensuring standardized communication through the IBC protocol and enhancing collaboration across diverse blockchain networks.
DYM is the utility token that powers the Dymension network and token holders can use DYM to participate in the network governance process, pay for gas fees, and staking.
