Dymension Airdrop, Potential BRC-20 Split
Jan 4, 2024
Market Update $BTC is trading near $44k, recovering some of its losses after yesterday’s leverage flush sent prices down 9% from $45k to a low of $40.8k. $ETH is performing in line with $BTC, rising 2.3% to ~$2.3k. U.S equities are relatively flat from yesterday, with the S&P gaining 0.1% while the Nasdaq was down 0.12%. Layer-1 tokens $SOL and $AVAX show the most strength among the top 10, gaining 3.9% and 6.2%, respectively. Among the top 100, $BEAM (+37.8%) and $TIA (+29.6%) have outperformed in the last day. Merit Circle DAO’s $BEAM has plans to create an ecosystem for gamers and developers, with the token serving as gas and governance for game developers that utilize Beam SDK to build in-game blockchain elements. The promise of a blockbuster mainstream game has eluded blockchain development teams, and many investors who are bullish on the intersection of gaming and crypto would rather bet on its growth through an ecosystem token than pick from hundreds of potential launches. Celestia’s $TIA continues to reflect market optimism for modular blockchains. Airdrops from Saga and Dymension to $TIA stakers are likely further catalyzing demand from buyers who hope to buy and stake $TIA to be eligible for future airdrops from its long list of ecosystem partners.Dymension's air