$238M ETH Liquidation Threat Looms, ENA Unlocks Yield Utility, While BlockDAG Secures $5M in 48 Hours With DeFi Launch Plan

In just 48 hours, BlockDAG raised $5 million, pushing its total presale past $210 million. Unlike many projects still drafting their roadmaps, BlockDAG is preparing to launch with a full suite of DeFi tools—staking, lending, swaps, governance, and more—ready to go live with its mainnet. While competitors respond to challenges, BlockDAG is building ahead of them.

MakerDAO Vaults Under Stress as $238M in Ethereum Edges Toward Liquidation

Two large Ethereum-backed vaults on MakerDAO are teetering on the brink of forced liquidation, putting approximately $238 million in collateral at risk. On-chain data from Lookonchain reveals that the whales behind these positions have locked up over 125,000 ETH to borrow $143.68 million in DAI. The danger zone? ETH dipping below $1,805 and $1,787, which would trigger automatic liquidations to repay the debt.

Current health ratios for these vaults stand at just 1.05 and 1.06, barely above the safety threshold of 1.00. ETH is currently priced at $1,870, down 2.2% on the day. With no additional collateral added so far, the risk of a domino effect grows with every price move downward.

ENA Integrates sUSDe Pool on Pendle—Can Yield Offset Unlock Pressure?

Ethena Labs is rolling out new functionality for its ENA token through a fresh integration with Pendle. The launch of the sUSDe yield farming pool will run from March 25 to July 31, 2025. The goal: provide consistent real yield to users and improve token demand following a significant unlock event This move introduces a practical layer of utility to ENA, offering users an opportunity to engage with the ecosystem beyond speculative holding.

Whether it succeeds hinges on adoption metrics—how many users deposit into the pool, and what kinds of yields it sustains over time. These indicators will offer clues on ENA’s mid-term performance and long-term viability as a utility-driven asset.

BlockDAG Unveils Full DeFi Stack—$5M Surge Signals Market Trust in Execution

BlockDAG isn’t following the common path—it’s setting a new one. While most Layer 1s roll out features in stages after launch, BlockDAG is preparing to deliver a complete DeFi suite at mainnet. This includes staking, token swaps, lending protocols, decentralized governance, and cross-chain bridges—all operational from day one. It’s a model built for immediate use, not long-term speculation.

This commitment to functionality is earning traction. In just 48 hours after Keynote 3, BlockDAG raised an additional $5 million, lifting its presale total beyond $210 million. With Batch 27 currently priced at $0.0248 and more than 19 billion BDAG already sold, the market is signaling strong confidence in the project’s vision and roadmap.

The Beta Testnet has already processed over 1.2 million transactions, supporting tools like a token creator, smart contract deployment, and a live blockchain explorer. These aren’t placeholder features—they are real tools for real users, operating now.

BlockDAG’s architecture combines a DAG-based structure with Proof-of-Work, enabling high throughput, strong decentralization, and increased scalability. It positions itself not just as an alternative to Ethereum, Solana, or Avalanche—but as a fully realized contender from day one. The comprehensive toolset, backed by exchange listings on 10+ platforms, suggests a launch primed for fast adoption and immediate liquidity.

This is more than just presale momentum—it’s the early signs of a Layer 1 platform entering with full readiness and real user functionality. For participants seeking a project with both immediate value and future scalability, BlockDAG stands as one of the most complete DeFi-ready platforms emerging in 2025.

Final Takeaway

The Ethereum liquidation threat is a clear example of how leveraged positions can quickly destabilize under price pressure. MakerDAO’s vaults remain exposed, and any slip below key levels could create rapid liquidations with broader implications.

Ethena Labs, meanwhile, is taking meaningful steps to build utility for ENA through yield generation. Yet whether this is enough to offset the weight of a large unlock remains to be seen. These are projects responding to existing market challenges—acting defensively.

BlockDAG presents a different picture. Rather than reacting, it’s moving proactively. Its DeFi stack isn’t a vague promise—it’s confirmed and being tested now. With strong presale performance, live tools, and full functionality locked in for launch, BlockDAG is entering the market from a position of strength. Its message is clear: utility, usability, and infrastructure from day one.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu