Bittensor Skyrockets 184%, Ethena Struggles—BlockDAG’s 2,380% ROI & 1,000 dApp Plan Stuns at Keynote 3 Reveal

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Blockchain technology has come a long way, with projects like Bittensor and Ethena making notable contributions. Bittensor has decentralized artificial intelligence by creating a collaborative marketplace for AI models, while Ethena has tackled financial stability through its synthetic dollar protocol.

However, both projects face challenges in scalability and mass adoption. In contrast, BlockDAG is setting a new standard by combining Directed Acyclic Graph (DAG) and Proof-of-Work (PoW) to offer unmatched transaction speed and security.

By focusing on usability and developer engagement, BlockDAG is building an ecosystem that aims to support 1,000 dApps by 2026, redefining what’s possible in Web3.

Bittensor: Decentralizing Artificial Intelligence

Launched in March 2023, Bittensor (TAO) introduced a decentralized network aimed at revolutionizing artificial intelligence (AI) development by leveraging blockchain technology.

Specifically, the platform creates a global marketplace where AI models can be collaboratively built, trained, and monetized. Central to this ecosystem is the TAO token, which incentivizes participants to contribute computational power, data, and expertise.

Furthermore, Bittensor has garnered significant attention from both investors and the broader tech community. Notably, venture capital firms such as Polychain Capital and Digital Currency Group have invested hundreds of millions of dollars into the project, underscoring its potential in the AI and blockchain sectors.

Additionally, in August 2024, Grayscale Investments launched the Grayscale Bittensor Trust, providing investors with exposure to TAO through a traditional investment vehicle.

beta testnet launch

As of March 26, 2025, TAO is trading at approximately $265.63, with a market capitalization of around $2.26 billion. This reflects a substantial increase from its launch price of $93.40 in March 2023, marking a growth of approximately 184%.

Consequently, this impressive performance highlights Bittensor’s success in delivering value to its initial investors and solidifying its position in the decentralized AI landscape.

Ethena: Bridging Crypto and Traditional Finance

Ethena, established in early 2024, aims to provide a crypto-native solution for stable currency not reliant on the traditional banking system. In particular, the platform introduced USDe, a synthetic dollar protocol built on Ethereum, offering users a stable digital asset.

Moreover, in December 2024, Ethena completed a $100 million funding round through a private sale of its governance token, ENA. This round attracted prominent investors, including Franklin Templeton and F-Prime Capital, reflecting strong institutional interest in Ethena’s vision.

Importantly, the funds are intended to support the development of a new token targeting traditional financial institutions and the creation of Ethena’s blockchain.

ethena trading chart

As of March 26, 2025, ENA is priced at approximately $0.4204, with a market capitalization nearing $2.22 billion. Given its initial private sale price of $0.40, this represents a modest increase of about 5%.

Nevertheless, despite this gradual growth, Ethena’s strategic partnerships and ongoing developments position it as a noteworthy entity in bridging the gap between decentralized finance and traditional financial systems.

BlockDAG’s Plan to Power the Next Generation of Web3 Apps

BlockDAG is positioning itself as a cornerstone of Web3, aiming to host over 1,000 decentralized applications (dApps) by 2026.

Unlike traditional blockchain networks that struggle with congestion and high fees, BlockDAG’s hybrid architecture—combining Directed Acyclic Graph (DAG) and Proof-of-Work (PoW)—offers unparalleled scalability and security.

By processing multiple transactions simultaneously, it ensures a seamless user experience without the bottlenecks typical of linear blockchains.

To support this ambitious development roadmap, BlockDAG is targeting diverse sectors like finance, gaming, healthcare, identity, and governance. To foster growth, BlockDAG has introduced a comprehensive ecosystem strategy.

This includes the Ambassador Program to engage developers, a Grants Program to fund innovative projects, and global hackathons with prize pools exceeding $100k. The goal is to equip developers with the resources and support needed to build, scale, and maintain impactful dApps.

Furthermore, the project’s momentum is already evident. With a presale fundraising total of $208 million, BlockDAG has reached its 27th batch with a current price of $0.0248—showcasing an impressive ROI of 2,380% since batch 1. Over 18.9 billion coins have been sold, highlighting strong community support and confidence.

backbone of web3

As the mainnet launch approaches, BlockDAG’s commitment to usability and developer engagement sets it apart from other Layer 1 projects. By addressing long-standing issues like network congestion and high fees, it is laying the groundwork for a thriving dApp ecosystem that can truly meet the demands of next-generation Web3 applications.

Building the Future of Blockchain Usability

While Bittensor and Ethena have made significant progress in decentralizing AI and bridging finance with blockchain, they still encounter hurdles related to adoption and scalability. BlockDAG, on the other hand, is focused on making blockchain more practical and accessible.

By combining DAG and PoW, it addresses long-standing issues like transaction bottlenecks and high fees, paving the way for seamless integration into various sectors.

With a roadmap targeting 1,000 dApps by 2026, BlockDAG is not just building technology—it’s building an ecosystem designed to support the next generation of Web3 applications, empowering developers and users alike.

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