It’s a new year, but airdrop season is continuing at full force into 2024. The latest: Dymension, a network for deploying app chains called “RollApps,” has revealed a token drop for more than a million crypto users across various chains and projects.

Dymension is a layer-1 blockchain built on Cosmos and the inter-blockchain communication protocol (IBC) to enable connections across various rollup scaling networks. “Dymension standardizes rollups with IBC, similar to how tokens were standardized with ERC,” Dymension wrote on Twitter (aka X), referring to Ethereum’s token standards.

The network lets RollApp creators choose which virtual machine and token to use, and can publish data to external chains like Celestia or Avail. Dymension CEO and co-founder Yishay Harel told Decrypt that the L1 network uses Ethereum Virtual Machine (EVM) addresses.

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Author: Andrew Hayward

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