BlockDAG’s Beta Testnet Becomes the Dev Hub – Ondo Crosses $3.2B & Ethena’s Supply Hits 6B
See how BlockDAG is redefining scalability with its Beta Testnet rollout—stacked up against Ondo’s asset tokenization and Ethena’s stablecoin momentum.
Blockchain’s evolution is no longer just about digital hype—it’s about building usable systems. Ondo Finance and Ethena have made waves by reshaping asset models and introducing stable digital currencies. Ondo’s $3.2 billion in Total Value Locked (TVL) and Ethena’s six billion circulating supply point to expanding confidence in decentralized tools.
However, BlockDAG (BDAG) Network’s Beta Testnet pushes further by offering developers and users an open space to trial large-scale, high-speed decentralized networks. With its presale raising $210.5 million and a 2,380% return since its earliest batch, BlockDAG is shaping up as the true framework supporting the future of blockchain activity.
Ondo Finance: Linking Financial Assets to Blockchain Systems
Ondo Finance focuses on bringing traditional financial assets onto the blockchain by issuing tokenized forms of instruments like U.S. Treasuries and corporate bonds. This approach offers blockchain users exposure to assets backed by existing financial markets.
In January 2025, the platform reported $3.2 billion in TVL, up from $773 million a year prior—an impressive 417% growth. The rapid rise highlights how tokenized assets are gaining popularity within the decentralized finance (DeFi) space.
Ethena: Driving Synthetic Stablecoins Through USDe
Ethena launched USDe, a synthetic dollar tailored to create a scalable and crypto-native digital currency. Since early 2024, USDe has grown quickly, with its supply hitting 6 billion tokens by December. That made it the third-largest USD-pegged asset in crypto. This fast adoption reflects strong interest in blockchain-based options that mirror fiat currency.
A big reason behind Ethena’s expansion is its wide compatibility with both DeFi and CeFi platforms. This cross-ecosystem access allowed more users and institutions to interact with USDe. Because of that, Ethena has emerged as a major name in the stablecoin space and is helping push the use of synthetic assets in everyday digital finance.
BlockDAG’s Beta Testnet Unlocks Real-Time Decentralization Trials
The Beta Testnet now active on BlockDAG isn’t just another update—it’s an open invitation to developers, miners, and users eager to shape how future decentralized systems actually function. Using a DAG-based Proof-of-Work model and compatibility with the Ethereum Virtual Machine, this testnet gives hands-on access to scalable tools.
It’s open and permissionless, with tools ready for testing smart contracts, simulating real usage, and mining activity before the full mainnet launch. To reward participants, BlockDAG offers $2,000 in BDAG—real coins priced at $0.05 each—to top wallets based on transaction activity, top miners, and biggest holders.
So far, more than 110,000 users have joined the vesting contract, receiving 10,000 test tokens each via automated airdrops. In parallel, the wider BlockDAG activity is gaining speed. The crypto presale has now reached $210.5 million in funds, placing batch 27 at $0.0248 per coin. Compared to the first batch at $0.001, this marks a massive 2,380% return.
Over 19.1 billion BDAG coins have already been sold, highlighting rising belief in the long-term plan behind the project. With a target performance of 2,000+ transactions per second, near-instant finality, and seamless support for wallets like MetaMask and integrated dApps, BlockDAG offers more than testing—it opens a path to building tomorrow’s decentralized tools.
Final Words!
Capital continues to move into platforms such as Ethena and Ondo, showing that people are choosing usefulness over short-term excitement. Ondo helps blend traditional financial instruments with blockchain, while Ethena is exploring new ways to stabilize digital value.
But these systems rely on strong underlying tech. BlockDAG addresses that directly, prioritizing scale, decentralization, and real-world testing via its Beta Testnet. If future progress is measured by what users build and interact with, not just what they hold, BlockDAG’s foundation-first approach could be what sets it apart.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
