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Cryptocurrency News Articles

BlockDAG to Build DeFi 2.0 with HackerEarth Partnership – Injective Upgrade & Cosmos Price Action Drive Hype

Jan 16, 2025 at 06:00 am

What sets the top crypto projects apart in a market bursting with options? Injective Protocol's recent upgrade has positioned it as a standout

BlockDAG to Build DeFi 2.0 with HackerEarth Partnership – Injective Upgrade & Cosmos Price Action Drive Hype

BlockDAG recently announced a strategic partnership with HackerEarth, a leading global platform for developer engagement and talent assessment. This collaboration marks a significant step in BlockDAG's mission to drive mass adoption and become one of the top crypto projects in January.

The partnership will see BlockDAG participate in four global hackathons hosted by HackerEarth, aiming to engage over 10,000 developers and launch 200 groundbreaking projects on the BlockDAG network. This initiative aligns with BlockDAG's goal of onboarding developers and building a robust ecosystem.

Known for its advanced technology, BlockDAG boasts EVM compatibility, the Phantom protocol, and the GhostDAG protocol, ensuring high scalability, security, and seamless dApp integration. This makes BlockDAG a prime hub for decentralized innovation and a project to watch.

Adding to its momentum is BlockDAG's highly successful presale, currently in Batch 27. With 17.8 billion coins sold at $0.0248, it has raised $180.5 million and delivered a staggering 2380% ROI. This strong financial backing bodes well for the project's future endeavors.

For those who missed out on the early days of Ethereum or Solana, BlockDAG offers a fresh opportunity to be part of a transformative movement. With its HackerEarth partnership and innovative ecosystem, it’s poised to ignite a Web3 boom and emerge as one of the top cryptos for January with significant long-term potential.

The Injective upgrade has brought about several enhancements to the network, making it one of the most talked-about developments in the crypto space. This upgrade is set to boost the token burn rate by 400% over the next two years, strengthening the token's deflationary dynamics.

This development bodes well for INJ, especially for those seeking tokens with long-term growth potential. Moreover, staking rewards have become more attractive, with a yield of approximately 10.68% and 56% of the circulating supply already staked.

This upgrade also amplifies Injective's appeal within the DeFi sector. Its ecosystem has crossed over $55 million in Total Value Locked (TVL), with dApps like Hydro, Helix, and DojoSwap driving usage. As interest grows, this Injective upgrade cements INJ's position as a leading blockchain for innovative DeFi solutions and a crypto to watch in 2025.

Recent updates have brought renewed attention to Cosmos as its ecosystem evolves. The implementation of Interchain Security (ICS) has bolstered the network. This enables blockchains to share resources and enhance overall security, a development that not only increases utility but also offers additional rewards for ATOM stakers. These advancements contribute to the steady Cosmos price, making it a project to watch as the year unfolds.

Another notable update is the reduction of ATOM's inflation rate from 14% to 10%, which was approved in Proposal 848. This adjustment decreases token issuance, potentially supporting a stronger Cosmos price in the long term. With a stable price trajectory and technical advancements, Cosmos continues to position itself as a key player for blockchain interoperability, offering promising developments for 2025 and beyond.

The injective upgrade, aimed at upgrading the ecosystem, has improved metrics, is driving deflationary growth, and is solidifying its position as a leader in DeFi innovation. Similarly, the Cosmos price benefits from ecosystem advancements like Interchain Security and reduced inflation, positioning ATOM as a key player in blockchain interoperability.

However, BlockDAG stands out with its bold partnership with HackerEarth and a highly successful presale, offering a unique opportunity in the Web3 space. Its focus on scalability and innovation, coupled with a proven ability to attract developers, makes it a project worth exploring. If you missed Ethereum or Solana, BlockDAG might be your next big opportunity.

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Other articles published on Jan 16, 2025