The post BlockDAG Keynote 2 | Ethereum Ecosystem appeared on BitcoinEthereumNews.com.

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, BlockDAG’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. Ethereum’s Remarkable Ecosystem Expansion 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.  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. Boost in Gaming through Arbitrum’s Catalyst Program 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…

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Filed under: News - @ June 15, 2024 9:14 am