Solana News Today: Solana Climbs 4.05% as Artelo Biosciences Invests $9.475M in Treasury

Solana (SOL) rose 4.05% to $168.48, buoyed by institutional support as Artelo Biosciences committed $9.475 million of its treasury to Solana [1]. The move has sparked speculation that more biotech companies might follow suit, integrating digital assets into their financial strategies. Technically, Solana rebounded from the lower Bollinger Band at $156.83, with a bullish MACD crossover and increased volume signaling further upward potential. Solana’s ecosystem continues to gain traction, with Solaxy, its first Layer-2 solution, nearing mainnet launch and offering staking rewards of up to 70% APY [1].

Meanwhile, Ethereum (ETH) saw July’s on-chain volume surge to nearly $240 billion, the highest level since December 2021 [1]. The figure reflects a 70% increase from June and is supported by rising transaction activity and a seven-day average of 1.64 million transactions. With ETH trading near $3,700, the network’s active address count has hit 17.55 million, its highest since May 2021 [1]. As Ethereum’s L2 ecosystem expands and staking remains robust, the network continues to dominate the broader crypto landscape. However, its current valuation offers less room for outsized short-term gains compared to other projects.

BlockDAG (BDAG) has emerged as a focal point of attention in the current market cycle. Its presale has raised over $367 million, with a 10 BTC auction underway, drawing significant participation [1]. A key milestone occurred on August 11, when the token’s price increased 17x, rising from $0.0016 to $0.0276. Those who participated before the deadline were automatically entered into the auction, with larger purchases increasing chances to win a share of the Bitcoin prize pool. The project’s infrastructure is also expanding, with the X1 mining app reaching 2.5 million global users and Dashboard V4 now live, offering real-time charting and simulated trading [1].

BlockDAG’s architecture integrates blockchain with DAG (Directed Acyclic Graph) technology, offering high-speed scalability, EVM compatibility, and a low-code smart contract builder. The project is already listed on five major exchanges: MEXC, BitMart, XT.com, CoinStore, and LBank [1]. If the token reaches its expected listing price of $0.05, early participants who entered at $0.0016 could potentially see returns exceeding 3,000%, making it a compelling case for asymmetric upside.

While Solana and Ethereum continue to show strong fundamentals and adoption, BlockDAG is redefining the narrative in the 2025 crypto cycle. With a live 10 BTC auction, a 17x discount window set to close on August 11, and a growing user base, BlockDAG is not only capturing market attention but also setting the pace for the next surge. As the crypto market remains fragmented, these three projects are shaping the trajectory of the top crypto for 2025 [1].

Source:

[1] Cryptonewsland - [Solana Climbs 4% ETH Volume Nears $240B While BlockDAG 10 BTC Auction Draws Market Attention](https://cryptonewsland.com/solana-climbs-4-eth-volume-nears-240b-while-blockdag-10-btc-auction-draws-market-attention/)