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BlockDAG Lunar Keynote 2 Sparks 1120% Price Surge Amidst Developments in the Ethereum Network and Arbitrum Updates

June 14, 2024 By Crypto Reporter

The Ethereum network is witnessing substantial expansion, marked by a 55% increase in active users during the first quarter of 2024. In parallel, Arbitrum is poised to enhance its presence in the blockchain gaming sector with a new $200 million initiative.

Amidst these exciting developments, BlockDAG‘s second keynote has garnered significant attention due to its innovative approaches to scalability and security, attracting considerable investor interest. This interest has been reflected in an extraordinary presale performance, where the price soared from $0.001 in the initial batch to $0.0122 by the 18th batch, accumulating $50.2 million in sales. These accomplishments underscore BlockDAG’s emergent leadership in the competitive cryptocurrency landscape of 2024.

Impressive Expansion of the Ethereum Network

The Ethereum network has demonstrated impressive growth in terms of active users and trade volumes. Notably, the Volatility Shares 2x ETH Futures ETF (ETHU) saw more than $15 million in trade volume on its second day, tripling its debut performance. This spike is attributed to the anticipated approval of Ethereum-based ETFs following the SEC’s nod to the issuers’ 19b-4 filings.

Despite a lag in Ethereum’s price, its user base expanded by 55% in the first quarter of 2024, reaching 2.25 million daily active users. The Base ecosystem has largely driven this growth, which has accumulated over 7 million users since January. Ethereum’s Layer 1 technology continues to surpass both Layer 2 solutions and competitors like Solana in fee performance, maintaining a dominant stance in the marketplace.

Arbitrum’s Blockchain Gaming Expansion Initiative

Arbitrum is significantly advancing in the blockchain gaming world with its ambitious $200 million Gaming Catalyst Program (GCP). This initiative aims to cement Arbitrum’s position as a premier platform for game developers by providing financial support, mentorship, and additional resources.

Over the next two years, the program plans to distribute 200 million ARB tokens to spur game development and attract leading developers. Arbitrum has seen a remarkable increase in active daily users, reaching 4 million in May. Moreover, it has strengthened its position in the decentralised finance (DeFi) sector, boasting a Total Value Locked (TVL) of $3.133 billion by late May, emphasising its growing influence in the blockchain arena.

BlockDAG’s keynote 2 Emphasizes Enhanced Speed and Security

The second BlockDAG keynote showcased several critical improvements, particularly in terms of scalability and security. Adopting the Detailed Acyclic Graph (DAG) structure enables simultaneous transaction processing, significantly boosting the network’s scalability. This capacity for parallel processing allows BlockDAG to handle a substantially higher volume of transactions per second (TPS), reducing delays and enhancing throughput.

The keynote also detailed BlockDAG’s sophisticated security mechanisms, which integrate Proof-of-Work (PoW) consensus with the DAG structure, ensuring a high level of security. Transactions undergo validation through complex cryptographic puzzles, and the cumulative PoW approach presents challenges for malicious entities attempting to manipulate transaction histories. This method effectively prevents double-spending and preserves the integrity of transactions, ensuring a secure and dependable network.

The presale of BlockDAG coins was another focal point, showing significant engagement. Starting at $0.001 in the first batch, the price escalated to $0.0122 by the 18th batch, marking an impressive 1120% increase. To date, BlockDAG has raised $50.2 million and sold over 11.5 billion BDAG coins. Additionally, BDAG has amassed $3.2 million from the sale of over 7,600 miners. This strong market interest highlights confidence in BlockDAG’s innovative technology and future prospects.

Concluding Remarks

BlockDAG’s second keynote underscores its potential within the Ethereum network due to its innovative DAG structure and solid security features. With Ethereum experiencing a surge in user activity and Arbitrum launching significant gaming initiatives, BlockDAG stands out with its rapid presale progress and considerable financial gains.

Having raised $50.2 million and witnessed a price increase of 1120% from the first to the 18th batch, BlockDAG is poised to become a major player in the burgeoning crypto market of 2024. For those exploring the next significant crypto investment, BlockDAG offers an enticing opportunity. Visit their website to participate in the presale and invest in the future.

Invest in the BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News Tagged With: BlockDAG

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