Dymension’s native cryptocurrency for the modular blockchain has surged in designate after the blockchain’s originate on Tuesday, despite concerns that a single validator named Enormous Mind Staking controls about 18.5% of the balloting strength.

DYM has increased nearly 30% within the previous 24 hours to $6.01, striking its market cap at $877 million and its fully diluted valuation at $6 billion.

Despite the worth appreciation, crypto denizens delight in raised eyebrows over the reality that the balloting strength of Enormous Mind Staking, the largest validator securing the Dymension community, stands at roughly 35.6 million DYM, per recordsdata from Dymension’s portal web effect.

Read More: Dymension Airdrops Over $400 Million in DYM Tokens Amid Mainnet Launch Points

A blockchain explorer web effect created by Dymension validator Nodes.Guru reveals that full balloting strength is soundless of 192.49 million DYM tokens, that approach Enormous Mind Staking controls about 18.5% of that.

At presstime, the tip 10 validators by the volume of DYM tokens retain watch over over 65% of your total balloting strength for the unusual modular blockchain community, per Nodes.Guru’s explorer on Dymension.

Crew Issues

One particular person requested within the commonplace channel of Dymension’s Discord, “What are the correct validators to stake with?” A community member with the characteristic of “Gate Keeper,” in Dymension’s Discord channel with the duvet title “Kolodovan” replied, “I’d counsel those who delight in much less tokens to make the community more decentralized.”

The community contributors’ push for decentralization follows Dymension creating its genesis block for its layer-one blockchain that used to be “launched with a decentralized global effect of validators,” as acknowledged in its weblog post published on the identical day of its rocky mainnet rollout.

As an illustration, the previous day, Refrain One – one other validator that has a balloting strength of over three million DYM – experienced technical difficulties that adversely impacted Dymension’s skill to realize consensus.