Solana Flips ETH in Total Revenue But Traders Pump $5M Into BlockDAG’s Presale Overnight!
The post Solana Flips ETH in Total Revenue But Traders Pump $5M Into BlockDAG’s Presale Overnight! appeared on BitcoinEthereumNews.com.
Advertisement     Solana (SOL) has surged, overtaking Ethereum in application revenue and sparking optimism about its potential to hit $300. However, BlockDAG (BDAG) is quickly gaining traction, having raised over $142.5 million in presale funds and seeing a $5 million jump in just 24 hours. This Layer 1 is positioning itself as a leader in blockchain innovation, particularly with its low-code/no-code platform that makes blockchain accessible to all users. With 170,000 unique holders, 200,000 miners on the X1 app, and the BULLRUN100 offer ending in 5 days, BlockDAG’s momentum is undeniable. Solana Sprints: Can SOL Break the $300 Barrier? Analysts think Solana could be on its way to $300, particularly after surpassing Ethereum in total application revenue. This victory is a testament to Solana’s high-speed architecture and low fees, which have made it a popular choice for decentralized applications (dApps). As Ryan Watkins pointed out in a Tweet, “Total Application revenue is one the strongest indicators of value creation in an ecosystem” signaling that the network’s growth isn’t just about speed but real value creation within its ecosystem. Despite SOL’s successes, cracks are starting to appear. Solana’s scalability has been a double-edged sword—while its throughput is impressive, network outages and occasional bottlenecks have raised concerns over its ability to maintain stability under heavy load. Advertisement   The high transaction volume has also put pressure on its decentralized structure, with fewer validators controlling the network compared to other blockchains. Solana’s price has surged to new heights, but the question remains: can it continue this growth trajectory without encountering performance issues that could derail its path to $300? BlockDAG Sees A $5M Day: Presale Crosses $142.5M Solana’s performance may have earned it a place in the blockchain spotlight, but BlockDAG is quickly becoming a serious challenger. Unlike Solana’s traditional blockchain, BlockDAG…
Filed under: News - @ November 23, 2024 4:22 pm