In 2002, American climber Dave Graham made the third ascent but used a heel hook that he felt lowered the grade to V14 (8B+).

Over the next five years, Dreamtime became one of the most desirable routes for leading climbers and repeats by Dai Koyamada, Nalle Hukkataival, Daniel Woods, Kilian Fischhuber and Adam Ondra (who was only 15 and solved it in 4 hours), led to a consensus grade of V14 (8B+).

[8][9] In November 2009, Italian climber Michele Caminati [fr] discovered that the crux pinch hold had broken off, thus changing the route.

[12] In November 2024, American climber Michaela Kiersch made the first female free ascent of Dreamtime,[13] which made her the first-ever female climber in history to have ascended both an 8C (V15) graded boulder and an 5.15a (9a+) graded sport climbing route, which she did on La Rambla in 2023.

[14] In June 2005, Dave Graham sent The Story of Two Worlds on the other side of the Dreamtime boulder, proposing a grade of 8C (V15).

[9] The Story of Two Worlds itself became subject to downgrade speculation, particularly with the development of kneepads that can be used for extended knee bar rests; Graham himself told Climbing in 2017 that the route "might be V14 now".

[21][22] In a 2009 article on Dreamtime, PlanetMountain said: "So beautiful and important, the Dreamtime immediately did as its name suggests, it made everyone dream and, in doing so, it became a reference point for cutting-edge problems, one of the most famous boulders in the world, second perhaps only to Midnight Lightning, freed by Ron Kauk in 1978 at Camp Four in Yosemite".

[8] Others have also labeled Dreamtime as being the world's most famous boulder route,[23] often along with Midnight Lightning, and credited it for promoting the development of the sport.

[9] In 2020, when German climber Alex Megos repeated Dreamtime, he wrote on his Instagram page: "This one has definitely been on the bucket list!