Is Dymension (DYM) worth $6.28?

Mr. Market paid $6.28 for Dymension (DYM) on 7 February 2024. Incredibly, Dymension’s Coin Price grew by 53.22% in 24 hours between 6 February 2024 and 7 February 2024. Moreover, Dymension’s Coin Price grew by 32.03% in the 30 days ending on 7 February 2024.

So what is Dymension and why is its price growing so fast? Dymension is a platform that lets developers deploy app-chains they call RollApps. I guess a RollApp is a small blockchain built to support and deploy one decentralized application (DApp).

Consensus-Free Blockchains

They claim Dymension lets anyone deploy a consensus-free blockchain by building a RollApp. To explain, in a traditional blockchain all participants need to agree to let data into the blockchain. Hence, they need a consensus for a blockchain to process a transaction.

All decentralized blockchains and cryptocurrencies need consensus mechanisms to function. For example, Proof-of-Work (PoW) and Proof-of-Stake (PoS) are consensus mechanisms.

A consensus-free blockchain processes transactions without a consensus. Being consensus-free speeds a blockchain up.

Traditional blockchains are frustratingly slow because of the consensus mechanisms. For example, Ethereum (ETH), the most popular blockchain, was processing just 22.7…