BlockDAG Struggles With Exploit, TAO Charts a Rally, But BlockDAG Moves Ahead With $211.5M Raised

While Hyperliquid deals with a major exploit and Bittensor gains strength on the charts, another project is pushing forward at full speed. BlockDAG's presale recently surpassed $211.5 million

Hyperliquid (HYPE: price today $14.23) is struggling to regain trust after a major exploit on its platform. The Hyperliquidity Provider (HLP) vault suffered a loss of over $12 million.

The exploit was linked to trades using the thinly traded JELLY token. One trader managed to deposit $7.1 million and manipulate price movements, leading to substantial losses for other platform users.

Following the incident, HYPE dropped 14% and encountered selling pressure. However, Hyperliquid aims to reimburse the majority of users through its Hyper Foundation.

Validators and protocol settings are also being reviewed to improve platform stability.

Bittensor (TAO) continues its rally after clearing a key resistance zone. The token has moved out of a six-month wedge pattern, a technical formation that often marks a change in direction.

TAO’s breakout is supported by rising volume and strength in technical indicators. At the time of writing, the token trades at $274.8, while its price on major exchanges ranges from $273 to $275.

According to technical analysis, indicators such as RSI and MACD suggest further upward strength in the short term.

Open interest on derivatives exchanges has also increased by more than 10% in just 24 hours, indicating heightened activity and interest in the token.

If TAO can sustain its momentum and clear the $300 barrier, analysts are eyeing $750 as the next possible resistance level.

However, the sustainability of this rally depends largely on how long the current buying pressure persists.

Despite the exploit on Hyperliquid and its associated trust issues, BlockDAG’s presale has now surpassed $211.5 million.

Several factors are contributing to BlockDAG’s rising popularity, particularly among developers.

Unlike Ethereum, which slows down under high usage and pushes up gas fees, BlockDAG can handle more activity without increasing costs.

Its hybrid system, which uses a Directed Acyclic Graph (DAG) structure combined with Proof-of-Work, allows for thousands of transactions per second, while gas fees remain low—a crucial factor for developers.

This cost-efficiency, together with speed, addresses two major pain points seen on Ethereum.

Furthermore, BlockDAG is attracting builders with its comprehensive developer toolkit.

From a no-code Token Creation Wizard to a simplified environment for smart contract deployment, the platform removes many of the technical barriers that usually deter new developers.

Even those new to blockchain can launch assets on BlockDAG with minimal effort.

Security is also a key strength. With multiple miners validating transactions at once, BlockDAG offers an alternative to Ethereum’s network congestion and occasional vulnerabilities.

This parallel processing model improves defense by limiting single points of failure.

These strengths are backed by impressive numbers. So far, BlockDAG’s presale has sold 19.1 billion BDAG coins at an average price of $0.0248 in Batch 27, which began on March 27.

This pricing reflects a 2,380% return since the presale’s beginning.

As listings on 10 exchanges approach, and developers continue to onboard platforms and dApps, BlockDAG appears to be building toward more than just hype. It’s building toward long-term usability and scale.

The above is the detailed content of BlockDAG Struggles With Exploit, TAO Charts a Rally, But BlockDAG Moves Ahead With $211.5M Raised. For more information, please follow other related articles on the PHP Chinese website!