Ethereum

Arbitrum

BlockDAG

The Ethereum ecosystem is witnessing robust expansion, evidenced by a 55% rise in active users during the first quarter of 2024. Simultaneously, Arbitrum is enhancing its presence in the gaming sector with a substantial $200 million initiative.Amid these advancements, <a href="https://blockdag.network/" rel="noopener noreferrer nofollow">BlockDAG</a>’s keynote 2 has captured significant attention for its scalability and security improvements, drawing investors’ keen interest. This interest has translated into stellar presale results, with values escalating from $0.001 in the first batch to $0.0122 by the 18th batch, cumulatively raising $50.2 million. These successes firmly establish BlockDAG as a formidable player in the competitive crypto market for 2024.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfVgZTkc2vun37IkHKn3TK1PcmVF7y5ydToTWyYyJ_jKOeNi9Casd-LrWCD-x0eTGap-ABnXJQwN9YaQC9UCDwYPnAMowTxS2f7g8-jSRZGrUxumH2O2J7x8qcx5YV-ySrXzssyikR5z8oZKmhiNJegFxA2aZbd9zIrVQ_eSg?key&#61;eWy_cw7ge8HF6G_LaA3KjQ" /><h2 id="header-0">Ethereum’s Remarkable Ecosystem Expansion</h2>Ethereum’s ecosystem has demonstrated significant growth in user activity and trading volumes. The Volatility Shares 2x ETH Futures ETF (ETHU) saw over $15 million in trade volume on its second day, tripling its debut performance. This uptick is attributed to the anticipated approvals of ETH ETFs following the SEC’s green light on issuers’ 19b-4 filings.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdm26SUuqhUOFA8wcMZH9yVMLTvFmW_5-QaBbSt4vjxx9Vhb2zRL0LqC1rsz7L2N36UP4mA2Os-iT34SzGDupzLrWaXpHvRCx-UOT4BmCgsap-puaWIyEUW5bnA3h2TdPLtJsCXS-mWwVheh75k6qbN_7zRDbTNykCe1zHxvw?key&#61;eWy_cw7ge8HF6G_LaA3KjQ" />Although Ethereum’s price has been lagging, the ecosystem saw a user base increase of 55% in the first quarter of 2024, with daily active users reaching 2.25 million. This surge is primarily fueled by the Base ecosystem, which has garnered over 7 million users since January. Ethereum’s Layer 1 continues to overshadow both Layer 2 solutions and Solana in terms of fees, maintaining a dominant stance in the market.<h2 id="header-1">Boost in Gaming through Arbitrum’s Catalyst Program</h2>Arbitrum is making substantial progress in the realm of blockchain gaming through its $200 million Gaming Catalyst Program (GCP). This initiative is designed to position Arbitrum as the premier platform for game developers by offering financial support, mentoring, and additional resources.The program plans to distribute 200 million ARB tokens over the next two years to expedite game development and attract premier developers. Arbitrum’s daily active users have impressively reached 4 million in May. The platform has also solidified a strong position in the DeFi sector, with a Total Value Locked (TVL) of $3.133 billion as of late May, underscoring its growing influence in the blockchain arena.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdmiD9k7NhGLgbxjLdFmg2yueKjzZzqM4Z_yrtfMaBanRsbvRe_gmJTUgGRs9hglbHbM_cz2eGXmGdN-7upq-eUnLFFcuyp39tvnlcf1AFTLiOmyMmfvpmu_JaHMf5-xd_uqwzgXY0_89zXz3HI9pbNW8IVwP_V7HABMOZ_tA?key&#61;eWy_cw7ge8HF6G_LaA3KjQ" /><h2 id="header-2">BlockDAG’s keynote 2 Emphasizes Enhanced Speed and Security</h2>BlockDAG’s recent keynote 2 showcased notable advancements, especially in scalability and security. Adopting the Detailed Acyclic Graph (DAG) structure enhances the network’s ability to process transactions concurrently, significantly boosting scalability. This parallel processing capability allows BlockDAG to manage a considerably higher transaction volume per second (TPS), minimising delays and enhancing throughput.The keynote further outlined BlockDAG’s strong security protocols, merging Proof-of-Work (PoW) consensus with the DAG structure to elevate security levels. Transactions are secured through cryptographic puzzles, and the cumulative PoW method makes it challenging for malicious actors to alter transaction history. This combined approach helps prevent double-spending and ensures the integrity of transactions, providing a secure and dependable network. BlockDAG’s presale coin progress was another highlight of the keynote.The presale, conducted in multiple batches, has witnessed notable participation, starting at $0.001 in Batch 1 and escalating to $0.0122 in Batch 18—an impressive 1120% rise. So far, BlockDAG has raised $50.2 million and sold over 11.4 billion BDAG coins. Additionally, BDAG has collected $3.2 million from miner sales, distributing over 7,600 miners. This widespread interest underlines the market’s confidence in BlockDAG’s innovative technology and its future prospects.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf9HHaFCDexruWiQXkOZdM7S5CN4uV4LUu4aWwO41e17R3bza2Tf7J0QZ4fQU669Pq53pra7ekjPhbtHWUJIb7IsDQbTI2d97652DZGufSISZnHBwoSWsGhF5DqCraa0zNkDRtJcaftrROkLiIhfKLeW7oSNAd0oeogIsUy?key&#61;eWy_cw7ge8HF6G_LaA3KjQ" /><h2 id="header-3">Final Thought</h2>BlockDAG’s keynote 2 underlines its potential within the Ethereum ecosystem owing to its pioneering DAG structure and stringent security measures. As Ethereum continues to experience a surge in user activity and Arbitrum launches significant gaming initiatives, BlockDAG distinguishes itself with swift presale progress and substantial capital inflows.Having raised $50.2 million and witnessed a price increment of 1120% from Batch 1 to Batch 18, BlockDAG is set to become a significant force in the thriving crypto market of 2024. For those looking for the next major crypto investment, BlockDAG offers an attractive proposition. Visit their website to participate in the presale and secure a stake in the future.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcX5xksHCQOCa9cnsliVUADin4cGb6Tosrw_JAXOa-k-NCPabDy5gx15MiBszABQ0t3SU_IfLBcsUSTGrd-NLUHyt3CbMBFraQu_euUDiZfmxP31V1HTdX_DXcp_oNKiRS4YLeUp9EId0IEjJ3agm736uY3hUuO3ZboM11CTw?key&#61;eWy_cw7ge8HF6G_LaA3KjQ" />Invest in the BlockDAG Presale Now:Presale: <a href="https://purchase.blockdag.network/" rel="noopener noreferrer nofollow">https://purchase.blockdag.network</a>Website: <a href="https://blockdag.network/" rel="noopener noreferrer nofollow">https://blockdag.network</a>Telegram: <a href="https://t.me/blockDAGnetwork" rel="noopener noreferrer nofollow">https://t.me/blockDAGnetwork</a>Discord: <a href="https://discord.gg/Q7BxghMVyu" rel="noopener noreferrer nofollow">https://discord.gg/Q7BxghMVyu</a>

BlockDAG’s Moonshot Keynote 2 Drives a 1120% Value Increase Amid Ethereum Ecosystem Developments & Arbitrum News

Table of Contents

BlockchainReporter

Other articles published on Jun 14, 2024

Andrew Tate Influences Cryptocurrency Market

Top 4 Crypto Presales: Spearheading the Dawn of a New Era

CHAD CAT: The Latest Memecoin Sensation on Solana

The MoonBag Presale Phenomenon: Overpowering BOME and BITBOT’s Fumble, Moonbag’s $1 Prediction Ig...

DeFi Protocol UwU Lend Suffers Second $3.7 Million Attack During Reimbursement Process

Why Toncoin might dip to $7.2 before rising to new highs

Join our free newsletter for daily crypto updates!