Deutsch한국어 日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçe
Portfolio TrackerSwapBuy CryptoCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsCoinStats MidasDeFi Portfolio Tracker24h ReportPress KitAPI Docs

BlockDAG’s Moonshot Keynote 2 Drives a 1120% Value Increase Amid Ethereum Ecosystem Developments & Arbitrum News

bullish:

0

bearish:

0

blockdag11

The Ethereum ecosystem is witnessing robust expansion, evidenced by a 55% rise in active users during the first quarter of 2024. Simultaneously, Arbitrum is enhancing its presence in the gaming sector with a substantial $200 million initiative. 

Amid these advancements, BlockDAG’s keynote 2 has captured significant attention for its scalability and security improvements, drawing investors’ keen interest. This interest has translated into stellar presale results, with values escalating from $0.001 in the first batch to $0.0122 by the 18th batch, cumulatively raising $50.2 million. These successes firmly establish BlockDAG as a formidable player in the competitive crypto market for 2024.

Ethereum’s Remarkable Ecosystem Expansion

Ethereum’s ecosystem has demonstrated significant growth in user activity and trading volumes. The Volatility Shares 2x ETH Futures ETF (ETHU) saw over $15 million in trade volume on its second day, tripling its debut performance. This uptick is attributed to the anticipated approvals of ETH ETFs following the SEC’s green light on issuers’ 19b-4 filings. 

Although Ethereum’s price has been lagging, the ecosystem saw a user base increase of 55% in the first quarter of 2024, with daily active users reaching 2.25 million. This surge is primarily fueled by the Base ecosystem, which has garnered over 7 million users since January. Ethereum’s Layer 1 continues to overshadow both Layer 2 solutions and Solana in terms of fees, maintaining a dominant stance in the market.

Boost in Gaming through Arbitrum’s Catalyst Program

Arbitrum is making substantial progress in the realm of blockchain gaming through its $200 million Gaming Catalyst Program (GCP). This initiative is designed to position Arbitrum as the premier platform for game developers by offering financial support, mentoring, and additional resources. 

The program plans to distribute 200 million ARB tokens over the next two years to expedite game development and attract premier developers. Arbitrum’s daily active users have impressively reached 4 million in May. The platform has also solidified a strong position in the DeFi sector, with a Total Value Locked (TVL) of $3.133 billion as of late May, underscoring its growing influence in the blockchain arena.

BlockDAG’s keynote 2 Emphasizes Enhanced Speed and Security

BlockDAG’s recent keynote 2 showcased notable advancements, especially in scalability and security. Adopting the Detailed Acyclic Graph (DAG) structure enhances the network’s ability to process transactions concurrently, significantly boosting scalability. This parallel processing capability allows BlockDAG to manage a considerably higher transaction volume per second (TPS), minimising delays and enhancing throughput.

The keynote further outlined BlockDAG’s strong security protocols, merging Proof-of-Work (PoW) consensus with the DAG structure to elevate security levels. Transactions are secured through cryptographic puzzles, and the cumulative PoW method makes it challenging for malicious actors to alter transaction history. This combined approach helps prevent double-spending and ensures the integrity of transactions, providing a secure and dependable network. BlockDAG’s presale coin progress was another highlight of the keynote. 

The presale, conducted in multiple batches, has witnessed notable participation, starting at $0.001 in Batch 1 and escalating to $0.0122 in Batch 18—an impressive 1120% rise. So far, BlockDAG has raised $50.2 million and sold over 11.4 billion BDAG coins. Additionally, BDAG has collected $3.2 million from miner sales, distributing over 7,600 miners. This widespread interest underlines the market’s confidence in BlockDAG’s innovative technology and its future prospects.

Final Thought

BlockDAG’s keynote 2 underlines its potential within the Ethereum ecosystem owing to its pioneering DAG structure and stringent security measures. As Ethereum continues to experience a surge in user activity and Arbitrum launches significant gaming initiatives, BlockDAG distinguishes itself with swift presale progress and substantial capital inflows. 

Having raised $50.2 million and witnessed a price increment of 1120% from Batch 1 to Batch 18, BlockDAG is set to become a significant force in the thriving crypto market of 2024. For those looking for the next major crypto investment, BlockDAG offers an attractive proposition. Visit their website to participate in the presale and secure a stake in the future.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

bullish:

0

bearish:

0

Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.