Is BlockDAG the Next Ethereum? Here’s How It’s Gaining Ground on Avalanche & Ethena

In crypto, standout performance always raises the bar. Recently, BlockDAG has emerged as the one setting that bar. While Avalanche focuses on speed and scalability, and Ethena experiments with synthetic stablecoins, both are facing mixed results. Avalanche has dealt with a significant price dip, and Ethena’s bold yield promises are drawing skepticism. Meanwhile, BlockDAG is gaining ground steadily, with a 2,380% return since batch 1 and $213.5 million already raised. As the conversation turns to which project could rival Ethereum, BlockDAG’s solid delivery and rising user support make it a name worth watching closely. Avalanche: Speed, Scalability, & Recent Market Movement Avalanche was designed to be a fast, flexible, and scalable blockchain network. It uses a unique consensus model that processes up to 4,500 transactions per second and allows developers to create custom subnets for different use cases. AVAX, the platform’s native token, plays a central role in transaction fees, staking, and governance. In terms of price, AVAX hit a peak of $65 in March 2024 but slipped to around $34.05 by January 28, 2025. That’s a decline of about 47.6%. Still, analysts are hopeful, with some predicting AVAX could rebound and climb to $110 before 2025 ends—an increase of over 220% from where it stands today. Ethena: Taking on DeFi with Synthetic Stability Ethena is making waves in DeFi by offering USDe, a synthetic stablecoin designed to mirror the dollar’s value by hedging Ethereum through perpetual swaps. Investors use ENA tokens for governance and utility on the platform. By late 2024, USDe had grown its supply to $6 billion in just 10 months, making it the third-largest USD-linked asset in crypto. The protocol also reached $1.2 billion in annualized revenue in its first year. In February 2025, Ethena raised $100 million privately to expand its DeFi suite and launch an institutional-grade stablecoin. However, ENA’s price hasn’t kept up with its earlier momentum. After a 63% rally in December 2024, experts noted that its near-300% yield expectations might not hold. Even so, Ethena’s plans show potential in connecting traditional finance and DeFi more effectively. BlockDAG: The Hidden Contender for the Next Big Crypto Title BlockDAG is quickly shaping up to be one of crypto’s most promising projects, thanks to strong numbers and buyer trust. So far, it’s pulled in $213.5 million during its presale, with over 19.2 billion coins sold. Now in batch 27 and priced at $0.0248, the coin has already delivered a 2,380% ROI from its initial batch—a signal that it’s doing more than just generating hype. The recent Keynote 3 pushed things even further, introducing the “Primordial” beta testnet and outlining a clear roadmap to mainnet. The team also launched the X1 Miner app, adding mobile mining to the mix. These updates helped bring in another $5 million in funding just days after the keynote—proof that BlockDAG’s appeal is growing fast. More importantly, BlockDAG is drawing early comparisons to Ethereum’s rise. While Bitcoin brought decentralization and Ethereum introduced smart contracts, BlockDAG is offering something different—scalability without losing speed or security. With this foundation, it’s aiming to power the next generation of dApps, payments, and enterprise-level blockchain solutions. What Sets BlockDAG Apart in This Comparison? Looking at all three projects, a few things become clear. Avalanche has strong tech, but its market movement has been shaky. Ethena grew fast, but its future yield sustainability is in question. BlockDAG, however, is building steadily—with results to show for it. Raising $213.5 million, selling 19.2 billion coins, and delivering a 2,380% ROI—these aren’t projections. They’ve already happened. Add in real updates like a working testnet and a live mobile mining app, and BlockDAG is making a strong case. If the next Ethereum is going to rise based on real-world results, BlockDAG may already be leading the race. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Is BlockDAG the Next Ethereum? Here’s How It’s Gaining Ground on Avalanche & Ethena appeared first on TheCoinrise.com .

Source: The Coin Rise