Solana News Today: Ondo Surges Past $1 as Solana Outpaces Ethereum and BlockDAG Gains Momentum

The cryptocurrency market is showing renewed interest in three key narratives centered on Ondo, Solana, and BlockDAG. Ondo (ONDO) has recently rebounded above the $1 level, having previously found support at $0.92, which analysts view as a positive sign. A breakout from a descending wedge pattern, which had restricted price movement since November 2024, has shifted the mid-term outlook. Recent retests in July have reaffirmed upward momentum, with the 4-hour RSI at 52.86 and a narrowing bearish MACD gap suggesting growing buying pressure. Trading volume has surged to 6.6 million, reflecting strong attention from market participants. Analysts suggest that a breakout above the $1.70–$1.85 resistance zone could pave the way for potential targets of $2.30 and $3.00 on a successful continuation setup [1].

Meanwhile, Solana (SOL) is maintaining a strong bullish trend, having surpassed Ethereum in 24-hour perpetual futures trading volumes. This shift highlights growing demand for decentralized derivatives on the Solana network. Weekly settlements reached $2.89 billion, driven by the Phantom wallet’s ease of access and the popularity of protocols like Drift, which now holds $1.2 billion in value locked. SOL and JLP tokens account for 68% of activity. While Ethereum remains strong in Layer 2 solutions and main-chain perpetuals, Solana’s higher per-app fees and rising TVL—now above $10 billion—suggest stronger engagement. With stablecoin liquidity exceeding $12 billion, analysts believe Solana’s momentum could push it past the $210 level [2].

BlockDAG (BDAG) is capturing investor attention with structural growth beyond speculative trading. The project has secured $380 million in presale funds, with BDAG currently priced at $0.0276 in Batch 29. The platform has already clinched 20 confirmed exchange listings, including MEXC, LBank, and BitMart, ensuring immediate liquidity and global accessibility. Adoption is accelerating through the X1 mobile miner app, which has attracted 2.5 million users worldwide. The X10 hardware miner, introduced in July, further lowers the barrier to entry by enabling plug-and-play mining for everyday users. Additionally, the BlockDAG Explorer provides real-time transparency into network activity, enhancing trust among participants. With presale discounts nearing an end, investors are rushing to secure positions as the network builds a robust foundation [3].

While Ondo and Solana offer compelling short-term setups, BlockDAG is positioning itself for long-term growth. Its extensive exchange readiness, user adoption, and infrastructure development—supported by a $380 million presale—distinguish it as a project with strong fundamentals. The addition of the BlockDAG Explorer further cements its credibility as a functioning network prior to launch. As the presale enters its final stages, the combination of liquidity, accessibility, and transparency is attracting a wide range of investors seeking sustainable returns [4].

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[1] https://coinmarketcap.com/community/articles/68aa4dc12cdfe41d296afbef/