The crypto market continues to show peaks followed by cautious pauses. Let’s review the latest events surrounding Tron (TRX), Polygon (POL), and the emergence of the new player, BlockDAG.
Tron Activity and Its Role in Stablecoins
Recent activity of Tron (TRX) has drawn attention from analysts. Market analysis indicates that short-term holders realized over a 31% profit within three months, while those holding for a month saw an increase of more than 10%. This has created positive sentiment regarding a potential breakout. Tron also remains a leader in the stablecoin space, hosting over $82 billion in Tether (USDT) and routing nearly 60% of all global transfers through its network.
Polygon Growth and Its Impact on DeFi
The price forecast for Polygon (POL) has improved following significant advancements in its ecosystem. The total value locked (TVL) has increased by 43% this year, reaching $1.23 billion. This indicates active use of Polygon's DeFi protocols with growing confidence in its infrastructure. Stablecoin usage also fueled this growth, with $2.56 billion processed in payments in July alone, and USDT supply on the network growing to $1.29 billion.
BlockDAG Successes and Its Unique Features
BlockDAG has attracted crypto investors' attention with its progress, raising over $386 million. A standout feature is the Buyer Battles mechanism, where the day’s largest purchaser secures any unsold allocations for free. This keeps engagement levels high. Security is also a priority: BlockDAG has successfully passed audits from CertiK and Halborn, reinforcing its stance in the market.
In the crypto market, Tron and Polygon remain strong players, but attention toward BlockDAG is increasing. Current trends suggest these projects could secure their places in 2025.
