Ethereum News Today: Ethereum Surpasses $3,500 as BlockDAG Attracts $361M in Presale

Long-term crypto investors are closely analyzing which projects will deliver sustainable value in 2025. Ethereum, Solana, Cardano, and a new entrant, BlockDAG, are at the forefront of this discussion. Ethereum continues to attract institutional capital, with ETF inflows exceeding $5.4 billion in July alone, pushing its price above $3,500. Daily active users have reached nearly 931,000—the highest in almost two years—reinforcing Ethereum’s position as a foundational blockchain for DeFi, NFTs, and enterprise applications [1]. Analysts suggest that ETH could soon test the $4,000 resistance level [1].

Meanwhile, Solana faces temporary volatility after a 15% drop to $160, following Binance’s large SOL transfer. However, its technical indicators show resilience, and institutional interest is growing. Grayscale, Fidelity, and VanEck have all submitted ETF applications, signaling increased market confidence. In July, Solana outperformed both Ethereum and Bitcoin in on-chain fee revenue, which hit $87 million [1]. New developments like the Firestarter Storage launch and a $537 million validator stake pool further support its ecosystem growth.

Cardano, on the other hand, has seen a 13% decline, with its price falling to $0.71 after a failed upgrade to generate momentum. A break below the $0.72 support level has introduced short-term bearish pressure, with a potential fall to $0.65 [1]. However, ongoing initiatives such as the Glacier airdrop and an upcoming network-wide audit could help rebuild investor confidence. The project maintains a loyal base of long-term holders focused on formal verification and security [1].

The most notable newcomer is BlockDAG, which has raised over $361 million in its presale and sold more than 24.7 billion tokens at $0.0016 each. Its projected listing price of $0.05 implies a potential 3025% return for early participants [1]. What differentiates BlockDAG from the others is its live utility, including a demo trading platform and a 10 BTC Auction Pool. It also has a mobile mining app with 2.5 million global users, demonstrating real-world adoption. The project is set for a global launch on August 11, marking a significant milestone [1].

BlockDAG’s hybrid DAG plus Proof-of-Work architecture is designed for scalability, efficiency, and decentralization—key attributes for long-term sustainability [1]. With a growing user base and live tools already in use, BlockDAG is not just projecting future potential but delivering immediate value. As the presale nears its final days, early investors are presented with a rare opportunity to enter before broader market adoption [1].

Source: [1] Who’s Leading the Pack as the Best Crypto for Long Term in 2025: BlockDAG, ETH, Solana, Or ADA? (https://coinmarketcap.com/community/articles/68912e801137bf3ffd758e71/)