Bitget Lists Dymension in Innovation Zone - Chainwire

07Feb

Bitget Lists Dymension in Innovation Zone

Victoria, Seychelles, February 7th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of Dymension (DYM) in the Innovation Zone, a groundbreaking project that standardizes rollups with the Inter-Blockchain Communication Protocol (IBC).

Dymension introduces RollApps, a new crypto primitive that combines the rollup business model, speed, and scalability, providing users with an unparalleled unified experience. This development marks an important step towards the emergence of a true Internet of rollups.

RollApps, unlike traditional blockchains, are modular blockchains that leverage the Dymension Hub (layer 1) for securing funds and rely on Data Availability (DA) networks for publishing transaction data. By eliminating the need for costly validators, RollApps revolutionize the efficiency and cost-effectiveness of blockchain transactions.

Gracy Chen, Managing Director of Bitget, said “Bitget seeks to support the development of different blockchains and ecosystems. The Dymension project showcases tremendous innovative potential and aligns with our commitment to offering our users access to cutting-edge projects. We are excited to join forces with Dymension and bolster the crypto ecosystem.”

Bitget has been consistently expanding its market share in both spot and derivatives trading among centralized exchanges. Bitget aims to provide opportunities for users to invest in popular and valuable projects and is actively expanding the variety of digital assets in its spot market. In 2023, the platform has added over 350 new listings. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between 40 mainnets.

For more information, please visit: https://www.bitget.com/support/articles/12560603805103

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.