BlockDAG Rolls Out Raffle as HBAR and Solana Test Key August Levels
Key Takeaways
- •Hedera's HBAR traded near $0.06519, with $0.06166 serving as key support; losing that level could push the price toward $0.047, while defending it could set up a retest of $0.068.
- •Solana traded around $76.07, just below resistance at $76.18, and remained above its 20-day and 50-day moving averages with an RSI of 56.05 indicating moderate buying strength.
- •Tokenized U.S. Treasury products on Solana recorded $378 million in net inflows over the past month, a sign of growing institutional interest following CME futures listings in March 2025 and spot Solana ETF approvals in July 2025.
- •BlockDAG's BDUSD stablecoin entered public beta, enabling holders to lock BDAG as collateral and mint the overcollateralized token directly into their wallets, a design modeled on MakerDAO's DAI.
- •BlockDAG reported a $500 million valuation increase attributed to BDAG AI, network throughput of 7,000 transactions per second, and more than $200 million in wagers on its casino and sportsbook platform.

The market has a habit of testing patience before rewarding it, and both Hedera and Solana are doing that now. Hedera is holding near $0.06519 after a quiet session, with buyers still unable to clear short-term resistance at $0.06166. Meanwhile, Solana is trading around $76.07, just below the key $76.18 level that could determine its next move.
While those larger tokens face near-term pressure, BlockDAG is drawing attention for a different reason. Its native stablecoin has entered public beta, allowing holders to lock BDAG as collateral and mint BDUSD directly into their wallets.
The rollout comes alongside a reported $500 million valuation increase driven by BDAG AI and network speeds that now reach 7,000 transactions per second. That combination has placed BlockDAG among the crypto projects being closely watched this year.
Hedera Price Eyes Its Next Move
Hedera is trading near $0.06519 after a quiet 24-hour session, with prices moving between $0.06500 and $0.06582. Weak buying interest has kept HBAR below important short-term resistance. The standoff is unfolding well below HBAR's all-time high near $0.57, set in September 2021, and it comes as Hedera continues to pitch institutions on its hashgraph consensus and a governing council composed of large enterprises.
For now, $0.06166 remains the key support level. If buyers defend that area, HBAR could attempt another move toward $0.068 and $0.070. A break above $0.070, backed by stronger volume, would indicate that recent downside pressure is easing and could open the path toward $0.075 and $0.080.
If $0.06166 fails, the outlook becomes more cautious, with the next major area near $0.047, about 28% below the current price. Hedera also faces broader resistance around $0.10 and above. In other words, HBAR is trading between support and resistance, and the next sustained move will likely depend on which side breaks first.
Solana Price Today Holds Above Key Averages
Solana is trading around $76.07, and traders are watching the $76.18 resistance level closely. A clear break above that point could support additional gains, while $74.59 remains an important support level. A drop below it could increase selling pressure.
SOL also has several supportive developments in the background. Solana is now available on the XRP Ledger's decentralized exchange through Axelar, which expands cross-chain access. In addition, tokenized U.S. Treasury products on Solana recorded $378 million in net inflows over the past month, a sign of growing institutional interest. That interest has been building all year: CME listed Solana futures in March 2025, and U.S. regulators approved spot Solana exchange-traded funds in July 2025, with the first of those products beginning to trade soon after — widening the channels through which mainstream money can reach the token.
From a technical perspective, Solana remains above its 20-day and 50-day moving averages, while the RSI at 56.05 points to moderate buying strength. Still, mixed signals suggest the price could continue moving sideways in the near term.
BlockDAG Adds a New Catalyst With Stablecoin Public Beta
Most projects are fortunate to generate one major headline in a month. BlockDAG has produced several, and the latest is the launch of a native stablecoin in public beta.
Holders can lock up BDAG as collateral, mint BDUSD directly into their wallets, pay the gas fee in BDAG, and follow the process on-chain from the first deposit to the final withdrawal. The rollout is being treated as a test of whether the network can support real financial activity, not just token transfers. The design — minting a stablecoin against locked collateral — follows the overcollateralized model popularized by MakerDAO's DAI, one of the longest-running decentralized stablecoins. The beta also lands as the stablecoin sector absorbs new ground rules, after the U.S. GENIUS Act, signed into law in July 2025, established federal reserve and disclosure standards for payment stablecoin issuers.
The launch did not happen in isolation. The recent introduction of BDAG AI is reportedly behind a $500 million increase in the project's overall valuation. The casino and sportsbook side has also surpassed $200 million in wagers, while network throughput has climbed to 7,000 transactions per second.
In addition, the BDAGSCAN infrastructure was upgraded so its RPC can handle around 100,000 transactions in a single day. The project says that improvement is translating into faster claims and more stable performance across the network.
BlockDAG's summer raffle is now live. Under the current offer, $100 buys 5 million BDAG, while $5,000 buys 250 million BDAG, with no bonus codes required. Coins are also listed at $0.0000017, according to the project.
The project says additional products are also in development, including a dedicated exchange and a super app designed to combine trading, staking, storage, and spending in one place. That broader utility is part of why BlockDAG is being positioned among the year's notable crypto projects.
Final Thoughts
For Hedera, the immediate question is whether $0.06166 can hold. If it does, HBAR could retest $0.068. If it does not, the price could move toward $0.047.
Solana appears slightly more constructive, with the price still above its 20-day and 50-day moving averages and the RSI near 56. A close below $74.59 would quickly change that picture. For now, both tokens remain in a wait-and-see phase as traders look for confirmation of the next breakout.
BlockDAG, meanwhile, is advancing with its own set of developments. With BDUSD in public beta, a reported $500 million valuation increase from BDAG AI, 7,000 TPS, more than $200 million wagered on its casino platform, and the summer raffle now live, the project is presenting a new round of catalysts for potential buyers.
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