When a blockchain plans a new upgrade, snapshots are one of the most critical steps. A snapshot is a photograph of the entire blockchain’s state at a particular block height. It captures every wallet’s balance on the blockchain at that exact moment. From that moment, henceforth, only balances recorded on snapshots count towards the new chain.
Weeks back, the DMD Diamond blockchain underwent a snapshot, and upon transition into the DMDv4 mainnet, DMD Diamond coin holders can now claim an accurate snapshot balance of their DMDv3 coins on v4 airdrop for v4 coins.
However, confusion often happens when DMD Diamond’s users see activities continuing on the old chain explorer and wonder: Do these new transactions affect my claimable balance on the new DMDv4 chain? The answer is No! This article will explain why!
Why Old Chain Explorer Shouldn’t be your Focus
After the snapshot, the old DMDv3 continues to run. Any transaction you see on-chain on the old network and captured by the old Explorer doesn’t count for your new balance. The DMDv3 blockchain is deprecated. It won’t be supported for further development, as announced!
Your original coin balance at the snapshot has already been taken. No amount of movement on the old chain can change what was recorded on the snapshot. You can view your snapshot coin balances here!
What About Exchanges Where DMD Diamond Coins Are Listed?
If exchanges where DMD Diamond coins are listed (Bitmart and P2PB2B) did a snapshot during the DMDv4 transition support process as agreed, what were they trading with after the snapshot?
The answer is: Yes, both exchanges support DMDv4 migration! However, they both disabled withdrawals and deposits pre-snapshot. This means that, at snapshot, every DMD Diamond v3 coin in their trading databases was accounted for!
While trading continues on these exchanges post-snapshot, the coins traded there represent those of the new chain: the DMDv4 coins. Depositing the old DMDv3 coins has no effect and can never be reflected in the latest v4 chain. When exchanges finalize their full DMDv4 integration, withdrawals and deposits will be enabled for DMDv4 coins. Practically, trading on both exchanges, Bitmart and P2PB2B, reflects the new v4 chain (which is DMDv4 coins), while only exchange transfer systems (deposit and withdrawal) are awaiting completion.
Why Do Some Old (DMDv3) Addresses Still Move Coins?
On the old DMDv3 Explorer, you might also see that coins are moving between v3 addresses, balances are either increasing or decreasing, or large DMDv3 coins are transferred post-snapshot date. Kindly know, these movements are irrelevant! This is because they were not captured on the official snapshot and hold no claimable value in the new DMDv4 network. Every v3 transaction post-snapshot is outside the record history (snapshot) that defines the claimable equivalent DMDv4 coins.
The DMD Diamond’s v4 Mainnet
The DMD Diamond blockchain has successfully launched the DMDv4 mainnet since October 13th, 2025. Community members are now using the official guide and support on Discord and Telegram to set up their DMDv4 node and validator node, create a pool to become a validator, do delegated staking, take advantage of the configurable node-operator share usecase, and participate in the DAO, all via the Diamond-UI. While they participate in securing the blockchain, they are now seeing how epoch rewards are earned in return.
The DMDv3 coin holders are also actively claiming their V3 coins based on their V3 snapshot coin balances to receive their V4 airdrop for DMDv4 coins.
Centralized exchanges are also aligning with the DMDv4 mainnet transition and hence, the following updates;
- BitMart fully supports the new chain and is currently testing DMDv4 coin deposits and withdrawals before making the final reopening announcement.
- P2B: Confirmed support for V4, with integration currently underway.
- Biconomy: Becomes the first new exchange to list DMD Diamond v4 coins.
- Another primary exchange listing is on the way!
Indeed, the journey ahead looks promising for the DMDv4 chain!
