Keynote 3 Reveals BlockDAG Network as Developer Hub—DOGE Drops to $0.171591 Amidst Losing Hype, While SHIB Rises 27%

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Speed, scalability, and usability are essential for developers. While Dogecoin and Shiba Inu initially attracted attention with their meme-based appeal, their platforms do not support complex applications or fast-paced developer environments. As blockchain technology moves towards practical utility, developers look for infrastructures that can handle demanding applications.

BlockDAG (BDAG) is becoming a popular choice in this regard. Thanks to its scalable DAG architecture, compatibility with the Ethereum Virtual Machine, and comprehensive developer tools, BlockDAG allows for efficient development without bottlenecks. This trend demonstrates developers’ shift towards platforms that deliver high performance, with BlockDAG meeting these critical criteria.

Dogecoin: Evolution from a Joke to a Respected Currency

Dogecoin (DOGE) was launched in 2013, drawing its initial appeal from a humorous internet meme depicting a Shiba Inu dog. Although it started as a jest, Dogecoin has built a substantial community and carved out a notable niche in cryptocurrency. It operates on a decentralized, peer-to-peer network, supporting swift, economical transaction processing. Unlike Bitcoin, which limits its total supply, Dogecoin allows for endless issuance, with 10,000 new coins minted every minute. This encourages using DOGE for daily transactions and tips rather than saving.

Defi Revolution starts now

As of March 30, 2025, the price of DOGE stands at $0.171591, down from around $0.20 the previous year, showing a 14% annual decrease. March 2025 saw a continuation of this downward trend with a 14% drop. In April 2024, DOGE’s price surged 87% in March, only to fall by over 40% the following month due to a market correction. Despite these ups and downs, Dogecoin maintains a substantial presence in the market, with its valuation exceeding $23 billion.

Shiba Inu: Emergence of a Market Contender

Shiba Inu (SHIB) emerged in 2020 as a direct challenger to Dogecoin, built on the Ethereum network as an ERC-20 token. Initially, the supply was capped at one quadrillion coins. Half of these coins were secured in Uniswap to support liquidity, and the remaining half was sent to Ethereum co-founder Vitalik Buterin, who eliminated 90% of these tokens from circulation by burning them, enhancing their scarcity and potential value. The Shiba Inu ecosystem includes features like ShibaSwap, a decentralized exchange, and ventures into NFT art, contributing to a dynamic and engaging community.

Shiba Inu

Over the past year, Shiba Inu has shown growth and adaptability. By March 30, 2025, SHIB is valued at $0.00001271, up from about $0.00001000 a year earlier, marking a 27% increase. In March 2025, SHIB saw a 15% price increase within a single day and a significant spike in its burn rate of 8,400% after a major token burn event by an unknown entity. This decrease in available tokens has helped drive its recent price rise. Moreover, the interest in SHIB futures has grown by 30%, reaching over $166.74 million, indicating a robust interest among traders.

Why Developers Favor BlockDAG Over Traditional Blockchains

Developers are gradually shifting from conventional blockchain technologies to BlockDAG, a DAG-based Layer 1 technology known for its scalability and full EVM compatibility, alleviating typical issues like network congestion and high transaction fees. This migration is motivated by more than just improved performance; it’s about functionality.

BlockDAG’s unique architecture overcomes the linear processing limitations of older blockchains by utilizing a directed acyclic graph structure that processes multiple blocks concurrently. This setup accelerates transaction verifications, reduces delays, and significantly cuts down on costs. Consequently, developers working on projects like DeFi platforms, NFT marketplaces, or real-time gaming do not have to trade off speed for decentralization.

Build fast on blockdag Evm compatible

The user-friendly platform features a Token Creation Wizard that simplifies the deployment of ERC-20, ERC-721, and ERC-1155 tokens with functionalities like minting, burning, pausing, and managing access rights— all without needing to write code. For more skilled developers, it provides a robust EVM-compatible IDE that supports the deployment of smart contracts, offering tools and APIs for deeper protocol interaction.

BlockDAG’s growing appeal is evident not just in its technical capabilities but also in its market success. Its presale has amassed $210.5 million, with more than 19 billion coins distributed. The ongoing sale is in its 27th batch, priced at $0.0248 per coin, marking a 2,380% ROI from the first batch. These figures reflect a strong confidence from the community and market participants.

Opting for Technological Substance Over Mere Popularity

Despite achieving significant popularity and financial gains, cryptocurrencies like Dogecoin and Shiba Inu are not optimized for developers focused on creating applications with long-term viability, largely because they prioritize community engagement over robust technical infrastructure.

In contrast, BlockDAG is tailored for developers, blending a hybrid DAG and PoW architecture with EVM compatibility and versatile, no-code tools for token creation. As the industry evolves from a narrative-driven to a utility-focused approach, technologies providing scalability, efficiency, and ease of development are becoming more critical. For many developers, BlockDAG represents a logical and advantageous progression.

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