Bittensor Surges 184%, Ethena Faces Hurdles—BlockDAG’s 2,380% ROI & dApp Strategy Steals Spotlight at Keynote 3

Blockchain technology has evolved significantly, with contributions from projects such as Bittensor and Ethena. Bittensor has decentralized artificial intelligence by creating a shared marketplace for AI models, while Ethena has addressed financial stability through its synthetic dollar protocol.

However, both projects have encountered issues with scalability and widespread adoption. In comparison, BlockDAG (BDAG) is establishing a new benchmark by integrating Directed Acyclic Graph (DAG) and Proof-of-Work (PoW) technologies, providing exceptional transaction speed and security. Focused on user-friendliness and developer involvement, BlockDAG is developing an ecosystem designed to accommodate 1,000 dApps by 2026, pushing the boundaries of what’s achievable in Web3.

Bittensor: Pioneering Decentralized AI Technology

Bittensor (TAO) was launched in March 2023 as a decentralized network aimed at transforming artificial intelligence (AI) development by using blockchain technology. The platform enables a worldwide marketplace for AI models to be collectively developed, trained, and monetized. The TAO token plays a crucial role in this ecosystem by encouraging contributions of computational resources, data, and expertise.

Bittensor has also attracted significant attention from the tech community and major players. Investment from firms like Polychain Capital and Digital Currency Group, totaling hundreds of millions of dollars, underlines its promise in the AI and blockchain industries. In August 2024, Grayscale Investments introduced the Grayscale Bittensor Trust, giving traditional investors access to TAO.

As of March 26, 2025, TAO’s price stands at about $265.63, with a market capitalization of approximately $2.26 billion. This marks a notable rise from its initial price of $93.40 in March 2023, an increase of roughly 184%, underscoring Bittensor’s effective delivery of value and its established presence in the decentralized AI market.

Ethena: Fusing Cryptocurrency with Conventional Financial Systems

Founded in early 2024, Ethena aims to offer a crypto-native solution for stable currency independent of conventional banking systems. Specifically, the platform introduced USDe, a synthetic dollar protocol built on Ethereum, providing a stable digital asset.

In December 2024, Ethena secured $100 million in funding through a private sale of its governance token, ENA, drawing attention from notable investors like Franklin Templeton and F-Prime Capital. These funds are earmarked for developing a new token aimed at traditional financial institutions and creating Ethena’s own blockchain.

As of March 26, 2025, ENA’s price is around $0.4204, with a market capitalization close to $2.22 billion. Starting from a private sale price of $0.40, this reflects a modest increase of about 5%. Despite this slow growth, Ethena’s strategic partnerships and continuous development keep it as a significant player in linking decentralized finance with conventional financial systems.

BlockDAG’s Strategy for Revolutionizing Web3 Application Development

BlockDAG is setting itself up as a foundational element in the Web3 space with a plan to support over 1,000 decentralized applications (dApps) by 2026. Its unique hybrid structure, which combines Directed Acyclic Graph (DAG) with Proof-of-Work (PoW), resolves the common issues of congestion and high transaction fees seen in traditional blockchains. This allows for multiple transactions to be processed at once, enhancing the user experience by eliminating the delays found in traditional linear blockchain models.

BlockDAG has laid out a comprehensive roadmap to propel this development, targeting key sectors including finance, gaming, healthcare, identity verification, and governance. To promote expansion within these sectors, BlockDAG has launched several initiatives: an Ambassador Program to connect with developers, a Grants Program to fund promising projects, and international hackathons with substantial prize pools over $100K, all aimed at providing the necessary tools and support for developers to create, scale, and sustain impactful dApps.

The project is gaining significant traction, evidenced by a presale that raised $209.5 million, reaching the 27th batch at a current price of $0.0248, translating to an impressive 2,380% ROI from the first batch. This achievement, supported by the sale of over 18.9 billion coins, reflects robust community support and confidence in the project.

With the upcoming mainnet launch, BlockDAG is dedicated to enhancing usability and engaging developers, distinguishing it from other Layer 1 projects. By tackling common challenges such as network congestion and high transaction fees, BlockDAG is preparing a robust foundation for a flourishing dApp ecosystem capable of supporting the sophisticated demands of next-generation Web3 applications.

Advancing Practical Blockchain Solutions for Wider Adoption

While Bittensor and Ethena have contributed significantly to decentralizing AI and integrating blockchain with financial systems, they face challenges in broader adoption and scalability. In contrast, BlockDAG is focused on enhancing the practicality and accessibility of blockchain technology.

By integrating DAG and PoW technologies, BlockDAG overcomes issues like transaction delays and exorbitant fees, facilitating smoother transitions across various sectors. With an ambitious goal to support 1,000 dApps by 2026, BlockDAG is not merely developing technology; it is cultivating an ecosystem that nurtures the future of Web3 applications, thereby empowering both developers and users.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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