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BlockDAG Launches Beta Testnet, Aiming for 100+ Active Wallets: Analysis and Prospects

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by Giorgi Kostiuk

a day ago


While Ripple faces challenges with XRP price movements and Solana aims to sustain its previous levels, BlockDAG focuses on adoption metrics for long-term success.

Ripple's Legal Victory Fails to Propel XRP Past $2.50

Ripple Labs has settled its lawsuit with the U.S. Securities and Exchange Commission (SEC), agreeing to pay a reduced fine of $50 million. However, despite this favorable legal outcome, XRP's price continues to hover below the $2.50 threshold, indicating a lack of bullish momentum. Technical analysis reveals a persistent bearish divergence on the 3-day chart, suggesting limited upward movement in the near term. Currently, XRP is oscillating between support levels at $2.24 to $2.30 and $1.95 to $2.05, with immediate resistance at $2.56.

Solana's Breakout Signals Potential for Further Gains

Solana (SOL) has recently surpassed key resistance levels, igniting discussions about its future trajectory. At the time of writing, it is trading at approximately $139.72, marking a 0.96% increase over the past 24 hours. Analysts observe an upward reversal pattern, with the $120–$130 support zone playing a crucial role in this rebound. If the momentum persists, SOL may test the next significant resistance at $160; on the other hand, failure to maintain levels above $137 could result in a retracement toward previous support. Solana's Total Value Locked (TVL) has risen to $6.85 billion, reflecting renewed interest in its ecosystem.

BlockDAG Aims for 100+ Active Wallets in First Month of Beta Testnet

User onboarding is often the clearest indicator of traction—and BlockDAG is placing wallet creation at the heart of its Beta Testnet performance goals. Specifically, with a target of 100+ active wallets in the first 30 days, the project isn’t simply chasing numbers. It’s measuring how quickly users engage with the network, explore its tools, and begin meaningful interactions like mining, transacting, and testing smart contracts. This early activity feeds directly into broader testnet objectives: validating network stability, user experience, and scalability under real-world conditions. Furthermore, supported by intuitive wallet integration, including MetaMask compatibility, BlockDAG is lowering the barrier to entry for both crypto newcomers and seasoned participants.

Legal victories and technical rallies often dominate headlines, but long-term impact depends on real engagement. XRP’s stalled price and Solana’s cautious climb reflect this gap between news and network activity. Meanwhile, BlockDAG is shifting focus toward measurable outcomes—specifically, wallet creation and user participation.

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