BlockDAG’s Keynote 3 Triggers $213M Presale Surge! MATIC Drops 60% & AVAX Falls 49%

Polygon (MATIC) and Avalanche (AVAX) have both experienced sharp market downturns in recent months. Since early 2025, each has lost around half or more of its market value. Sluggish activity combined with overall market pressure has raised doubts about short-term prospects for many blockchain platforms.

On the other hand, BlockDAG (BDAG) is making headlines not with speculation but with real developments. Its Beta Testnet, introduced as part of Keynote 3, is live and fully operational. The network showcases live transaction processing, an updated explorer, user minting tools, and wallet integration. While others backtrack, BlockDAG pushes forward with tools that are functional today.

Polygon (MATIC): Facing a Market Pullback

As of April 4, 2025, Polygon (MATIC) is valued at approximately $364 million, trading at $0.19. In comparison, its market cap was $906 million on January 1, 2025, with the token at $0.47. That’s a drop of about 60% in both price and value, marking a clear bearish trend.

This decline has come during a broader correction in the market and a drop in usage across many Layer 2 platforms. Even though Polygon is still working on ecosystem expansion—including zk-rollups and business collaborations—confidence has taken a hit. Lower trading volume and capital movement reflect this change. Despite that, long-term supporters believe Polygon’s solid tech base and developer backing could lead to a comeback.

Avalanche (AVAX): Sharp Decline After a Strong Run

Avalanche (AVAX), known for quick transactions and scalability, currently holds a market cap of $7.5 billion, with a token price of $18.15 as of April 4, 2025. In late January 2025, AVAX was valued at around $14.76 billion with a token price of $35.86.

This marks a 49% drop in both value and price within just over two months. The decline has been linked to global economic pressures, tightening regulations, and a natural slowdown following strong performance in late 2024.

Still, Avalanche continues to be a top Layer 1 network with growing DeFi presence and ongoing tech updates. Some users are cautious due to the decline, but others view this period as a reset before potential gains. Avalanche is actively moving into areas like real-world asset tokenization and subnet growth.

BlockDAG’s Beta Testnet Brings Keynote 3 Promises to Life– Presale Hits $213M!

What sets BlockDAG apart is that its Beta Testnet isn’t on a roadmap—it’s already active and delivering exactly what Keynote 3 outlined. The testnet highlights major progress in performance, ease of use, and accessibility.

A standout feature is its improved performance, now handling up to 10 blocks per second. This boost translates into faster confirmations and improved scalability, making the network more reliable for future use.

Another highlight is the upgraded BlockDAG Explorer. It now provides a cleaner look and better tools for tracking transactions and blocks in real time. Developers can also use the testnet’s minting tools to build and test their own assets directly. Wallet functionality is live, letting users send, receive, and manage assets just like they would on the main network.

These aren’t features in development—they’re fully functional. The project’s credibility is backed by numbers: $213 million raised in crypto presale and over 19.1 billion coins sold. Batch 27 is now active at $0.0248, and early buyers from batch 1 have already gained 2,380% returns.

Wrapping Up!

Market drops often show which projects are delivering and which are not. While Polygon and Avalanche are still major names, their recent price drops point to slowing progress and cautious sentiment. BlockDAG, on the other hand, is proving its capability with working tools already in users’ hands.

The Beta Testnet is not a plan for the future—it’s functioning now and meeting every Keynote 3 goal. With real-time block generation, user-friendly tools, and wallet access already in play, BlockDAG proves that delivery speaks louder than future predictions. As market conditions change, results could be the most important signal.