In June 2023, significant changes are observed in the crypto market concerning NEAR Protocol, SUI, and BlockDAG. New data shows user growth and developmental successes despite various challenges.
NEAR Protocol Growth
The second quarter of 2023 brought over 46 million new users to NEAR Protocol. However, the token price remains below the resistance level of $2.80. Analysts report that long-term holders have started offloading tokens, creating selling pressure. Many market participants are waiting for more confident signals before reentering positions.
SUI Protocol Efficiency
SUI is gaining attention for its unique design that employs parallel transaction processing, allowing for faster confirmations and increased scalability. The recent surge in total value locked to $700 million indicates growing DeFi activity. Analysts expect SUI to potentially break above $4.
BlockDAG Achievements
BlockDAG has transitioned to a decentralized mining model, allowing users to run nodes and form their own mining pools. The total amount raised by the project has reached $304.5 million. Participants can start earning BDAG even before the official trading begins. This approach enhances network security and efficiency by distributing computational resources among many participants.
Thus, despite various pricing challenges, NEAR and SUI are showing significant user growth and effective design. Meanwhile, BlockDAG stands out with its approach to decentralized mining and high levels of community engagement.
