When short-lived rallies fade, the real test is whether underlying fundamentals can support longer-term activity. Uniswap’s UNI price is under pressure as sellers dominate, pushing it toward key support zones. Chainlink has seen a strong surge but also shows a dip in user retention that raises questions about longer-term engagement despite recent price strength.
By contrast, BlockDAG has drawn attention to product development by describing the activation of its Beta Testnet, which it says supports smart contracts, NFT minting, dApp testing, and MetaMask integration in an EVM-compatible environment. The project’s updates have focused on functionality and network readiness, alongside separate figures it has published about its ongoing token sale.
BlockDAG Beta Testnet: Reported developer-focused features
BlockDAG’s Beta Testnet is presented by the project as an environment intended for builders and early participants to test workflows under conditions that approximate a future mainnet. According to project materials, developers can deploy smart contracts, mint NFTs, deploy dApps, and transfer BDAG test assets via MetaMask in an EVM-compatible setup.
The project also says a blockchain explorer is available to view transactions and that an integrated faucet can be used to request test assets. As with any test environment, these features and their performance are subject to change as development continues.
Separately, BlockDAG has published figures about its token sale, including claims that $380 million has been raised, more than 25 billion coins have been sold, and that its most recent sale tranche (batch 29) priced the token at $0.0276. These figures are project-reported and have not been independently verified.
UNI Faces Heavy Selling Pressure Near Support
Uniswap’s UNI has seen a 6.6% fall, dragging it toward the $10.40 support zone. The move below $11.20, previously aligned with the 200 EMA and a support area, has added to downside pressure. The article’s cited on-chain data also points to increased exchange inflows, including a reported $25 million inflow into exchanges on August 15, which may indicate rising sell-side activity.
Technical indicators cited in the analysis remain cautious. RSI is in the mid-30s, and the 50 EMA ($10.75) and 100 EMA ($10.89) are described as near-term resistance levels. If $10.30–$10.40 does not hold, the next levels being watched are $9.60–$9.40. Market conditions can change quickly, and these levels are not predictive.
LINK Rallies, While User Retention Softens
Chainlink’s LINK has surged 57.6% in the past month, alongside growth in daily active addresses. Open Interest is described as up nearly 20%, Funding Rates remain positive, and spot CVD is cited as showing sustained buying interest, which together has supported recent price gains.
At the same time, user retention has reportedly slipped from 24.5% in April to 17%, suggesting fewer participants are remaining engaged beyond short-term activity.
The combination of stronger price action and weaker retention metrics can be interpreted in different ways, but it does highlight that price movement and user engagement do not always move in sync.
Looking Ahead
Price moves can draw attention, but sustained network health typically depends on adoption, liquidity, and ongoing development. Uniswap is facing near-term selling pressure, while Chainlink shows strong activity alongside softer user retention. BlockDAG’s latest updates have focused on its Beta Testnet and the developer tools it says are available today.
From NFT minting to dApp testing in an EVM-compatible environment, the project is positioning its testnet as a practical step in its development roadmap. As with any early-stage crypto project, timelines and capabilities can evolve as the technology matures.
Project website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
