Market attention in 2025 is increasingly focused on projects that emphasize long-term development and sustained network activity. Ethereum’s (ETH) ecosystem continues to expand through rising total value locked (TVL) metrics, while Cardano (ADA) is drawing interest as traders watch key support levels. Both remain widely followed assets as the market evolves.
At the same time, BlockDAG (BDAG) has described plans to transition an early-stage token sale into an operational network. The project states that BDAG is priced at $0.005 in “Batch 32” and that it has raised $435 million so far. BlockDAG also describes this period as its “Value Era,” which it says is intended to increase disclosure and reduce short-term marketing incentives.
Fusaka upgrade targets higher Ethereum throughput
Ethereum’s (ETH) ecosystem is a major venue for decentralized finance activity. Figures cited by on-chain analytics dashboards are described as showing TVL rising from about $24 billion in 2020 to about $379 billion in 2025. These totals are typically associated with activity across areas such as stablecoins, lending, and staking, although TVL measurements can vary by data source and methodology.
Upcoming developments such as the Fusaka upgrade have been discussed as aiming to raise network capacity (often cited in the thousands of transactions per second) and potentially reduce fees. Separate from protocol upgrades, asset managers including BlackRock and Fidelity have publicly discussed experiments with tokenized, on-chain products; timelines, scale, and broader adoption remain uncertain.
For readers tracking widely traded crypto assets, Ethereum is often used as a reference point for application activity and developer adoption. However, network usage, fees, and market pricing can change quickly based on broader conditions.
Cardano holds a key technical area amid mixed signals
Recent Cardano (ADA) market commentary has focused on whether a technical rebound could emerge after weeks of selling pressure. ADA has been trading around $0.61, and some traders point to RSI-based divergence as one sign that downside momentum may be easing. Such indicators are not predictive and can fail, particularly during volatile periods.
Cardano’s ecosystem development has included work on layer-2 efforts, staking-related updates, and collaborations described by projects building on the network. The pace and impact of these initiatives can vary and may depend on broader adoption trends.
Compared with other large-cap crypto assets, ADA’s recent range-bound trading has been cited as a sign of reduced short-term volatility. This does not imply any specific future performance.
BlockDAG outlines transparency measures in its “Value Era”
BlockDAG says it has entered a “Value Era” focused on changes to how its token sale is managed. CEO Anthony Turner said that bonuses and incentives have ended and that the project is using a fixed vesting model. Under the approach described by the team, 40 percent of each allocation is released upfront, while the remaining 60 percent is distributed over three months (20 percent per month). The project says this structure is intended to reduce abrupt supply shocks.
BlockDAG also states that about 4.3 billion BDAG tokens remain available under its public allocation, with pricing described as $0.005 in “Batch 32.” The team says the allocation is planned to move through additional stages before exchange listings, and that the token sale is expected to conclude when the remaining allocation is sold or by February 10, 2026, whichever comes first.
According to the project, previous bonus issuance has been reduced, with a stated cap of 50 billion BDAG tokens allocated to the token sale. The team also reports an $86 million institutional commitment covering 2.664 billion tokens and says it has raised $435 million to date. These figures have not been independently verified in this article.
More broadly, BlockDAG’s disclosures and distribution structure are being positioned by the project as part of an effort to improve clarity around token supply and release schedules. As with other early-stage crypto initiatives, the outcome depends on execution, market conditions, and adoption.
Final Thoughts
Ethereum and Cardano continue to attract attention for different reasons: Ethereum for its application activity and planned upgrades, and Cardano for its technical positioning and ongoing ecosystem development. Both remain subject to broader market volatility and changing risk conditions.
BlockDAG, meanwhile, is presenting its “Value Era” as a shift in how its token sale handles incentives and vesting. Readers should treat project-reported fundraising and allocation details as unverified unless supported by independent documentation.
Token sale page (for reference): https://purchase.blockdag.network
Project website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
Discord (for reference): https://discord.gg/Q7BxghMVyu
This article references a cryptocurrency token sale. This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
