Due to the distribution of more than 27 million SEI tokens, the SEI price dropped by 3.91% on the last day. Aave has also suggested launching the Aave Blockchain simultaneously to serve as the hub for Aave and its stablecoin, GHO. In stark contrast, BlockDAG (BDAG) has captivated global attention with the release of its Moon Keynote 2, driving presale sales to an impressive $46.8 million with 11.1 billion coins and over 7,100 miners.
This keynote underscores BlockDAG’s potential as a leading Layer 1 cryptocurrency, predicting a remarkable ROI of 30,000x. With groundbreaking advancements and a swiftly growing community, BlockDAG is poised to revolutionize the cryptocurrency market.
SEI Price Drops Following Token Distribution and v2 Upgrade
The SEI price has decreased by 3.91% in the past 24 hours, accompanied by a 19.51% drop in trading volume. This decline followed the Sei Foundation’s successful v2 upgrade, which led to the distribution of over 27 million SEI tokens. The airdrop was intended to reward active participants since the Pacific-1 Mainnet launch but faced criticism over its fairness.
To address these concerns, the foundation set eligibility criteria, excluding addresses with high SEI holdings or large NFT collections. The v2 upgrade introduced sub-second transaction finality and enhanced scalability, positioning Sei to compete with networks like Monad and Neon.
Aave Blockchain Concept: An Aave Staking & GHO Multichain Hub
Aave’s proposal suggests launching the Aave Blockchain as a primary network hub for Aave and its native stablecoin GHO, maintaining a multichain and network-agnostic approach for seamless integration across various blockchain ecosystems. The GHO stablecoin could be used to pay gas fees, while the AAVE token would serve as the main staking asset for decentralized validators and sequencers.
This initiative aims to boost the utility and demand for both tokens. Aave, the largest lending protocol with over $13 billion in Total Value Locked (TVL), plans to surpass major Layer-2 networks. The crypto community has welcomed this move, highlighting a trend of decentralized applications (dApps) launching dedicated blockchains to enhance interoperability and collaboration.
BlockDAG’s Moon Keynote 2 Unveils Major Advancements
BlockDAG’s second keynote has revealed significant progress, earning praise from notable publications like Forbes and Bloomberg and gaining support from prominent figures in the cryptocurrency world. Key updates include the debut of the X1 App, blockchain enhancements, the announcement of a fully human workforce, global marketing efforts, and refined roadmaps.
The keynote highlighted BlockDAG’s Directed Acyclic Graph (DAG) technology, which enhances scalability by allowing multiple transactions to be processed simultaneously. They have introduced a Low Code/No Code platform and plan to release the mainnet four months after the mid-August Testnet. Currently generating $500,000 daily, forecasts suggest this could rise to $5 million per day. The presale is expected to conclude in tandem with the mainnet launch within four months.
The Lunar Keynote also shed light on the X1 Miner app, now in beta on both Android and Apple platforms. This app transforms smartphones into efficient BDAG coin-mining machines using a power-saving algorithm. It features a user-friendly interface, a referral program to increase mining rates, and daily participation rewards. Upcoming features like Wallet, Send/Receive, Leaderboard, and Community Section will further enhance the app’s utility. Participants can begin mining up to 20 BDAG daily, valued at $1 upon release.
Key Takeaway
In the last 24 hours, SEI prices dropped by 3.91% following the distribution of over 27 million SEI tokens. Meanwhile, Aave’s plan to establish the Aave Blockchain as a central hub for Aave and its native stablecoin GHO is promising but still in the early stages.
In a significant contrast, the release of BlockDAG’s Moon Keynote 2 has generated global excitement, pushing the presale to $46.8 million by distributing 11.1 billion coins and engaging over 7,100 miners. This keynote highlights BlockDAG’s status as a premier Layer 1 cryptocurrency, with a potential ROI of 30,000x. With innovative technologies and a rapidly growing community, BlockDAG stands on the brink of transforming the crypto landscape, surpassing both SEI and Aave.
Join BlockDAG Now!
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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