Ethereum Surges to New Highs, AAVE Rebounds While BlockDAG Raises $395M

The cryptocurrency market is abuzz with activity this week, with Cardano attracting attention from institutional investors and AAVE showing signs of recovery. Meanwhile, a new project named BlockDAG has captured significant investment, securing $395 million in its presale. 24-hour whale activity on the Cardano network, which saw large wallet holders acquiring over 100 million ADA, suggests renewed interest in the platform. This move also triggered a shift towards institutional buying, with funding rates on derivatives platforms turning positive for the first time in months. While broader market trends remain uncertain, Cardano’s price surge and potential regulatory clarity continue to fuel optimism. Meanwhile, AAVE saw a brief bounce but faces significant resistance near $300-$335. This level has repeatedly capped attempts at breakout, despite short-term gains pushing it closer. Technical indicators are mixed with the RSI hovering around neutral levels, while on-chain metrics show some improvement with a net inflow of $150,000 recorded in the last week. On the other hand, AAVE’s total value locked stands at approximately $37 billion. 3 million users actively participating in BlockDAG’s presale signify strong user adoption for the project, which has surpassed its fundraising target to secure $395 million with a fixed price of $0.0013 until the BDAG Deployment Event. This new pricing model removes confusion surrounding bonus tiers and aims to increase accessibility for all investors. 100% transparency in token generation through BlockDAG’s innovative Proof-of-Engagement model has led to significant community engagement, with active participation from its millions of users. BlockDAG’s momentum has been fueled by partnerships with major sports teams such as the Seattle Orcas and Seawolves. In addition to market trends and community growth, the project is pushing ahead as a clear contender for the top-trending crypto projects of 2025.