SHIB Burn Activity Grows, Hyperliquid Hits $39.89, But BlockDAG’s Testnet Brings Real Features Now

When testnets start looking like production environments, the real competition kicks off. Hyperliquid is getting noticed for its community-driven token model, and Shiba Inu (SHIB) keeps pushing forward with massive burn rates. Still, both follow familiar paths. BlockDAG (BDAG), however, changes direction with a testnet that doesn’t feel like a test, it feels like a launch.

Equipped with tools like an explorer, NFT minting, EVM support, and a working faucet, BlockDAG’s testnet isn’t a prototype, it’s already doing the job. This seamless connection between testing and live use suggests the project is headed toward a smoother mainnet rollout and stands out as a utility-first player in a field often driven by hype.

BlockDAG’s Testnet Bridges the Gap to Full Mainnet Rollout

BlockDAG’s testnet is more than just a staging ground, it’s a clear sign of what’s ahead. It already includes an operational explorer, a faucet for test tokens, NFT creation tools, and full EVM compatibility. These aren’t just placeholders. They’re early versions of the core systems that will run the mainnet, giving developers, validators, and users a realistic sense of what to expect. This kind of openness helps reduce confusion later and boosts user trust in the platform’s preparedness.

Even more important is the ability to mint NFTs and run smart contracts directly within the testnet. That tells users that key launch features are already functional. The built-in explorer also allows real-time tracking of transactions, giving transparency a central role in BlockDAG’s structure.

As presale interest climbs, it’s clear the market is watching closely. BlockDAG has secured over $273 million, sold more than 21.4 billion coins, and reached batch 28, where the coin trades at $0.0262. Yet for a limited time, coins are available at just $0.0020 until June 13, pushing total ROI since batch 1 to 2,520%.

At this stage, BlockDAG is proving itself as one of the best crypto for payments, not through future promises, but by showing what already works. The testnet proves the tech can scale, adapt, and handle transactions smoothly. It’s less about preparation and more about performance, with the testnet offering an early look at what’s ready to go live.

Hyperliquid HYPE Market Cap Jumps as Network Expands

Hyperliquid’s HYPE token is rapidly climbing the ranks, now holding the #11 spot by market cap with a valuation around $12.4 billion. This impressive figure comes from a circulating supply of 333.9 million tokens, with each trading close to $37.37.

What’s getting people’s attention is the platform’s decision to skip venture capital and instead prioritize its community. Hyperliquid gave 31% of its token supply to users through airdrops, strengthening its reputation for decentralization.

On the technical side, Hyperliquid’s setup is also strong. It uses the HyperBFT consensus to ensure fast, secure transactions. Combined with the HyperEVM mainnet, developers have a smooth experience building and launching apps on the platform.

HYPE’s price reached a record high of $39.89 on May 26, 2025, showing strong buyer sentiment. While it has experienced some normal pullbacks, its price movement reflects growing confidence in the project’s long-term future.

Shiba Inu’s Burn Rate Skyrockets as Supply Shrinks

Shiba Inu (SHIB) is gaining traction with its community-led effort to reduce circulating supply. In one recent spike, the burn rate jumped by 22,662%, removing nearly 38 million SHIB tokens from circulation. This push aims to increase scarcity, which could potentially strengthen the token’s value over time.

The rollout of Shibarium, Shiba Inu’s Layer-2 network, has made the burn process more efficient. By linking token burns to transaction fees, the network has helped eliminate over 1.1 billion SHIB tokens in just one week. This not only reduces total supply, but also signals the team’s focus on building long-term value.

Still, price action remains tied to broader market trends. While these burn initiatives are promising, long-term performance will likely depend on growing adoption, more use cases, and overall market sentiment.

BlockDAG’s Testnet Shows It’s Ready for Real-World Use

Speculation can fuel the hype, but functionality earns real trust. Hyperliquid may lean on tokenomics, and Shiba Inu is betting big on deflation, but BlockDAG’s real strength is in what it’s already delivering. The testnet isn’t a teaser, it’s an operational preview of the mainnet.

With key tools up and running, the leap to mainnet looks more like a smooth upgrade than a risky jump. In a market full of promises, BlockDAG stands out with results. Its infrastructure is already working, making the case that it’s not just one to watch, but one that’s ready. For those exploring the best crypto for payments, the signal is clear, BlockDAG is already delivering.