Solana News Today: Solana Rises 4.05% After $9.475M Treasury Investment Boosts Momentum

Crypto markets are experiencing a sharp upturn driven by major developments in Solana (SOL), Ethereum (ETH), and the emerging BlockDAG (BDAG) project. These three assets are gaining traction for distinct reasons, but the latter is attracting the most immediate attention due to its aggressive marketing and price dynamics.

Solana saw a 4.05% increase in value, pushing its price to $168.48, following a $9.475 million investment from Artelo Biosciences into its treasury [1]. This marked the first time a pharmaceutical company has allocated such a large sum to Solana, signaling growing institutional interest in the blockchain space. Technically, Solana’s price rebounded from the $156.83 lower Bollinger Band and showed bullish momentum with MACD indicators. Analysts suggest $180 as an immediate resistance level, with further gains potentially reaching $185 or $190 if the trend continues. Additionally, Solana’s ecosystem is expanding with Solaxy, a Layer-2 platform, nearing its mainnet launch and offering up to 70% APY through staking [1].

Ethereum, meanwhile, is showing robust on-chain activity, with July processing over $238 billion in transactions—the highest monthly figure since December 2021 [1]. This reflects a 70% increase from June and highlights Ethereum’s continued dominance in the blockchain ecosystem. The network also recorded 46.67 million total transactions in July, surpassing previous bull cycle records. Currently trading near $3,700, Ethereum’s 7-day transaction average has reached 1.64 million, and active addresses have surged to 17.55 million, the highest in over three years. Despite these strong fundamentals, many investors are now shifting focus to lower-cost growth opportunities, such as BlockDAG.

BlockDAG has raised over $364 million and sold 24.7 billion coins, with a limited-time offer on its GLOBAL LAUNCH phase at $0.0016 per token. This phase is set to end on August 11, after which the price will jump to $0.0276, a 17x increase. Investors who purchase before this date are also entered into a 10 BTC auction, increasing their chances of winning a share of the prize pool proportional to their investment [1]. The project’s Dashboard V4 is now live, offering real-time charts and a demo trading feature, and the X1 mining app has surpassed 2.5 million users globally. BlockDAG has also secured listings on major exchanges including MEXC, BitMart, XT.com, CoinStore, and LBank.

Technologically, BlockDAG is leveraging a hybrid blockchain-DAG (Directed Acyclic Graph) architecture, allowing for faster transactions, smart contract support, and a low-code builder. This infrastructure enables scalability and performance, setting it apart from many competitors [1]. The project is not just speculative—key features such as its mining application and trading dashboard are already operational, providing real-world utility.

In summary, while Solana and Ethereum are consolidating their positions through institutional backing and growing transaction volumes, BlockDAG is capturing immediate market interest with a combination of aggressive price dynamics and tangible infrastructure development. As the market continues to evolve, these three assets are shaping the current landscape with distinct narratives and growth trajectories. Investors are closely watching for the next wave of momentum as the year progresses.

Source: [1] Solana Surges on $9.4M Deal, Ethereum Volume Soars, BlockDAG’s BTC Auction and $0.0016 Price Spark A Buying Frenzy! (https://cryptonewsland.com/solana-surges-on-9-4m-deal-ethereum-volume-soars-blockdags-btc-auction-and-0-0016-price-spark-a-buying-frenzy/)