An increase in Polygon’s (MATIC) adoption has led to an increase in its users, despite facing a decline in DeFi activity and revenue. Meanwhile, the Pyth Network value has soared, marking a recovery and demonstrating its strength in the DeFi sector. Amidst these developments, BlockDAG (BDAG) shines, achieving a 1120% price surge from its batch 1 to batch 18, raising over $48.5 million and distributing over 11.3 billion BDAG coins. This remarkable growth has secured BlockDAG’s top position on CoinSniper, showcasing its dominance in the altcoins season shortly after it made it to CoinMarketCap listing.
Polygon Nears 10 Million Users
Despite increasing popularity among other cryptocurrencies, Polygon (MATIC) continues to attract a growing user base, nearing 10 million users. However, the network faces challenges with a significant decline in DeFi activity, DEX volumes, TVL, and overall revenue, which could impact its scalability and ability to fund improvements.
The surge in Polygon’s adoption and the activity on its network is driven by the popularity of its ecosystem. However, the state of DeFi on the network is less positive despite the rising activity. Data reveals that DEX volumes on the network have fallen significantly, with daily TVL dropping from $1 billion to $942 million. Consequently, the network’s revenue has also declined, presenting challenges for future growth and improvements.
Pyth Network Value Soars
The Pyth Network has reported an impressive milestone, securing over $7 billion in value and becoming a go-to spot for real-time price data for blockchain developers on over 50 blockchain platforms. This marks a substantial recovery from a drop to under $400 million in 2023.
The network has seen a considerable increase in active users and growth in supported blockchains within a year. The network’s growth is further highlighted by its expanding data provider base and the number of price feeds it offers, making Pyth Network a crucial player in the DeFi sector.
BlockDAG’s Progress: Global Tour to Topping CoinSniper
BlockDAG has rapidly climbed to the top of CoinSniper’s listing, cementing its position as a pivotal player in the cryptocurrency world. The project’s remarkable journey began with a dazzling display at Tokyo’s Shibuya Crossing as it unveiled its first keynote, followed by another significant display at the Sphere in Las Vegas, celebrating its DAGPaper V2.
BlockDAG then made another appearance at Piccadilly Circus in London, and now it is shaking the crypto world with its groundbreaking second keynote broadcasted ‘from the moon’. These strategic marketing efforts have greatly enhanced BlockDAG’s brand visibility and market influence.
These strategic marketing efforts and popularity among investors has led to BlockDAG achieving the top position on CoinSniper listing, further solidifying its status. The addition to CoinMarketCap signals the project’s alignment with its roadmap and strategic goals. BlockDAG’s presale batches have progressed rapidly, starting at Batch 1 priced at $0.001 and increasing with each subsequent batch. The current Batch 18 is currently priced at $0.0122, representing a 1120% price increase from the initial batch.
This impressive growth has attracted significant investor attention, resulting in a total presale inflow of $48.5 million and the distribution of over 11.3 billion BDAG coins. This comprehensive approach to engaging both investors and miners have bolstered BlockDAG’s market position and credibility. Topping the CoinSniper listing further cements BlockDAG’s position in the market.
Last Words
BlockDAG’s exceptional performance and strategic marketing efforts have positioned it as a leader in the cryptocurrency market. Although Polygon’s (MATIC) sees a surge in users and Pyth Network value shows a promising recovery, BlockDAG’s 1120% presale surge and $48.5 million from the sale of 11.3 BDAG coins highlight its potential to shape the future of digital assets. In the ongoing altcoins’s season, BlockDAG is setting new benchmarks, making it a key player to watch. Investors keen on finding the best crypto to invest should keep an eye on BlockDAG’s continued success and innovative advancements.
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
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