Blockchain is shifting gears. The focus is moving from speculation to real infrastructure. Ethena and Ondo are gaining attention by turning traditional financial concepts into on-chain assets—Ethena with its synthetic stablecoin and Ondo with tokenized securities. Ethena’s USDe supply has surged to 6 billion tokens, while Ondo’s total value locked (TVL) has climbed to $3.2 billion.
Still, BlockDAG is taking a more foundational approach. Its Beta Testnet, designed for developers, miners, and everyday users, invites them to explore scalable, decentralized systems in action. With $210.5 million already secured through its presale and a 2,380% return since Batch 1, BlockDAG is positioning itself as the infrastructure layer that future crypto systems will depend on.
Ondo Finance: Bringing Real-World Assets Onto the Blockchain
Ondo Finance focuses on merging traditional financial instruments with decentralized platforms. It does this by offering tokenized versions of assets like U.S. Treasuries and bonds, giving crypto users exposure to real-world investments. This model opens up new ways for investors to access stable, yield-generating assets using blockchain networks.
In January 2025, Ondo reached a TVL of $3.2 billion—up sharply from $773 million a year earlier, marking a 417% year-over-year increase. That rise shows growing confidence in real-world asset tokenization within the DeFi space. Investors are increasingly interested in stable returns with blockchain access, and Ondo’s growth is a direct result of that shift.
Ethena’s USDe Stablecoin Gains Traction with 6B Tokens in Circulation
Ethena has introduced a synthetic stablecoin called USDe that aims to be a scalable, crypto-native version of the U.S. dollar. Launched in early 2024, USDe saw rapid uptake, growing its total supply to 6 billion tokens by December—placing it as the third-largest dollar-pegged crypto asset by that time.
This rapid growth didn’t happen in isolation. Ethena strategically expanded across major DeFi protocols and integrated with centralized finance (CeFi) platforms as well. This cross-platform compatibility helped it reach a wide user base—from individuals to institutions—contributing to the adoption of synthetic assets. Today, Ethena stands out as a key player in the stablecoin arena, furthering the shift toward decentralized financial instruments.
BlockDAG’s Beta Testnet Opens Infrastructure Testing to Builders & Users
BlockDAG’s Beta Testnet isn’t just a showcase—it’s an open environment for building and testing real blockchain infrastructure. Now live, the testnet features a DAG-based Proof-of-Work model with full EVM compatibility, allowing developers and miners to test scalability, contract deployment, and system performance ahead of mainnet launch.
What makes it practical is its open and permissionless design. It includes everything needed for testing—from smart contract execution to mining mechanics—under real network conditions. To encourage deeper participation, BlockDAG is offering $2,000 in BDAG tokens (valued at the projected $0.05 launch price) to the top 10 wallets, miners, and holders based on their activity.
In addition, more than 110,000 presale users are already included in the automated testnet token distribution. Each qualified wallet receives 10,000 test tokens through a smart contract with scheduled vesting—no manual claiming required.
From a financial perspective, BlockDAG continues to make significant progress. The presale has raised $210.5 million to date, with over 19 billion coins sold. The current price in Batch 27 is $0.0248, up from just $0.001 in Batch 1—yielding a 2,380% return for early participants.
Looking ahead, BlockDAG aims to support over 2,000 transactions per second with near-instant confirmation. Integration with MetaMask and purpose-built dApps is already underway. With the Beta Testnet live, users now have the chance to help test and refine the technology that could serve as a base layer for tomorrow’s decentralized finance systems.
Key Insights!
As funding and interest flow into projects like Ondo and Ethena, one pattern is becoming clear: the focus is shifting from hype to practical use. Ondo is pushing tokenized traditional assets, and Ethena is rethinking stablecoins. Both have found product-market fit.
However, none of that is sustainable without reliable infrastructure underneath. This is where BlockDAG steps in—with its high-speed architecture, real-time testing environment, and scalable model that supports both developers and end users.
If the next phase of blockchain is about what gets built—not just what gets held—then BlockDAG’s strategy of focusing on performance and participation may well become the model others follow. It’s not chasing trends. It’s building the tech that others will use when the next trend arrives.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu