The crypto market in 2025 continues to evolve, with market participants watching a mix of established networks and newer projects. BlockDAG, Cosmos, Tron, and Polygon have been drawing attention for different reasons, including network upgrades, ecosystem activity, and (in BlockDAG’s case) a project-reported token sale.
Because cryptoassets can be volatile, developments such as protocol upgrades, fee changes, and token distribution events are typically followed closely by traders and longer-term holders. Below is a summary of recent updates mentioned around each project, based on publicly available reporting and project communications where applicable.
1. BlockDAG: Token sale and testnet timeline (project-reported)
BlockDAG has been promoted by its team as an upcoming launch, alongside a token sale the project says is priced at $0.0013 in “Batch 30.” The project also reports that it has raised nearly $410 million, sold 26.2 billion coins, and reached more than 312,000 holders. It further claims that its ecosystem already includes 3 million users of its X1 mobile app and that 20,000 ASIC miners have been deployed ahead of a planned mainnet launch. These figures have not been independently verified in this article.
The project has also referenced a “Testnet Awakening” launch date of September 25, describing planned functionality such as miner integration, account abstraction, and smart contract readiness. Any future performance, token price levels, or exchange listing outcomes remain uncertain and should not be treated as projections.
In practical terms, BlockDAG’s near-term narrative is centered on whether the team delivers the technical milestones it has outlined and whether reported participation translates into sustained network usage after launch.
2. Cosmos: IBC upgrades and ecosystem activity
Cosmos (ATOM) has recently been discussed amid a move to around $4.45, which would be its highest level since March 2025 if confirmed by market data at the time of reading. Commentary around the move has referenced derivatives positioning and broader interest in interoperability-focused networks. Cosmos’ ecosystem continues to host DeFi projects, including Harbor and Ondo Finance, which have highlighted interchain functionality in their product plans.
Technical updates referenced in community and developer channels include Cosmos SDK v0.50.x and IBC-Go v8.5.x integration work attributed to Orbit Labs. If implemented as described, these types of upgrades can improve interoperability between chains built in the Cosmos ecosystem.
For observers, the key question is whether on-chain activity and application adoption continue to grow alongside interoperability improvements.
3. Tron: Energy fee change and corporate headlines
Tron has referenced the implementation of Proposal #789, which reduces its energy unit cost from 210 sun to 100 sun. Reported figures also note that daily revenue fell to around $5 million from $13.9 million following the change, while separate industry dashboards have been cited as showing Tron with a large share of Layer-1 revenue over the past week. Because methodologies differ across trackers, such metrics should be interpreted cautiously.
In addition, Tron Inc. has said it added $110 million in TRX to its treasury. Separately, plans for a public listing via a reverse merger with Nasdaq-listed SRM Entertainment have been discussed publicly; whether any transaction is completed, and what it would mean for adoption, remains uncertain.
4. Polygon: Network stability work and token migration
Polygon has said it addressed transaction delays that reached up to 15 minutes through a hard fork, aimed at restoring network stability. The migration from MATIC to POL tokens has been described as nearly complete, with 99% transitioned, and Polygon has referenced a 2% annual emission rate as part of its updated tokenomics.
Despite reported short-term price fluctuations (including a move to about $0.27), Polygon’s recent updates have been framed as infrastructure-focused changes intended to improve reliability for users and developers building on Layer-2 scaling technology.
The Bottom Line
These projects reflect different parts of the crypto market: Cosmos is often discussed in the context of interoperability and DeFi infrastructure, Tron around fee changes and on-chain usage metrics, and Polygon around network performance and token migration. BlockDAG, by contrast, is being marketed as an early-stage project with a token sale and upcoming testnet milestones.
As always, claims and metrics—especially those tied to fundraising events and early-stage launches—benefit from independent verification and careful risk assessment.
Readers comparing multiple networks may want to focus on verifiable factors such as delivered upgrades, developer activity, usage trends, token supply mechanics, and project transparency, rather than short-term narratives.
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, we encourage readers to do their own research before participating, carefully considering both the potential benefits and the risks involved. This article is for informational purposes only and does not constitute financial or investment advice.
