BlockDAG’s Beta Testnet Live Now, Pi Network Dips & GateToken Surges

Pi Network Drops 70%, GateToken Crosses $2.6B While BlockDAG’s Beta Testnet Supercharges Wallet Functionality!

Airdrops, token burns, and wallet features are now the key tools for driving user participation across crypto projects. Pi Network started by offering easy mobile mining, but later faced steep price drops post-launch. GateToken took a different route by enhancing its exchange use and deflationary steps to increase returns. Meanwhile, BlockDAG (BDAG) is taking a unique direction, turning wallets into active hubs where users can mine, earn rewards, and engage directly with the testnet.

Its Beta Testnet is fully focused on real usage and user experience, showing how wallets can be more than just storage — they become central to testing blockchain tools and earning through activity.

Pi Network: Mining with Phones and Market Changes

The Pi Network app allows users to mine crypto on their phones using the Stellar Consensus Protocol (SCP), which works without heavy battery or data use. Early Pi coins were mined only inside the app and couldn’t leave the system.

Things changed with the Mainnet going live on February 20, 2025, which let Pi Coin be listed on exchanges. At first, the price jumped to $1.97, but later fell sharply to $0.737 — a 62.63% decline. By March 27, 2025, the coin was trading between $0.84 and $0.85, down 70% from the February high.

Still, the number of users kept growing. Between June and December 2024, the count of KYC-verified users grew from 12 million to 18 million.

GateToken (GT): Strong Exchange Use and Burn Strategy

GateToken (GT) is used within the Gate.io platform for fee cuts, joining launchpads, and getting other features. It was launched in April 2019 at $0.40 per coin. Since then, early holders have gained nearly 58.09x in USD returns. GT was priced at $5.127 in early 2024 and climbed to $17.167 by the end of December 2024, a 300% rise.

By March 2025, GT’s total value in circulation passed $2.6 billion, placing it among the top 50 digital coins globally. A big part of this growth came from Gate.io’s burning model — they regularly reduce the supply to increase value. Over 31 million GT coins, worth about $190 million, were burned by the end of 2024, cutting the supply to below 100 million.

BlockDAG’s Beta Testnet Turns Wallet into All-in-One Hub

The Beta “Primordial” Testnet by BlockDAG is making the user wallet the core place for everything — from earning airdrops and mining to testing smart contracts and checking token unlocks. In the first 30 days, over 100 wallets were observed closely to see how well they handle real-time balance tracking, usability, and task performance.

Every pre-sale buyer receives 10,000 testnet coins, which are released smoothly over three weeks. The simple dApp dashboard shows locked and unlocked amounts clearly, letting anyone follow their rewards without needing advanced skills. This helps both casual users and developers see how smart contracts affect balances.

On top of that, wallet activity comes with rewards. The 10 most active wallets — by transactions, mined coins, or highest holdings — each get $2,000 worth of BDAG at its $0.05 rate. These aren’t test coins, but actual BDAG.

The strength behind this model comes from strong fundraising. BlockDAG has secured $210.5 million through 27 presale stages. With the price now at $0.0248, that’s a rise of 2,380% since the first batch. More than 19 billion BDAG coins have been sold.

The wallet isn’t just for storing crypto — it’s the user’s entry point to the full BlockDAG experience, whether it’s earning through mining or tracking airdrops. The setup is simple for beginners and detailed enough for more advanced users.

Final Verdict!

While Pi Network focused on mining through phones and GateToken built on exchange perks, both show that growth alone isn’t enough to keep value high. BlockDAG is testing how people actually use their wallets — from tracking earnings to running live tasks.

The wallet isn’t being treated like a vault. It’s the active interface of the system, giving users a window into testnet actions and smart contract performance. As networks aim to stand out, making the wallet the key interaction layer could be what raises expectations going forward.