AVAX Falls Under $24, OKB Incinerates 20M Tokens, Yet BlockDAG's 2.5M Users Demonstrate That Genuine Utility Surpasses Hype

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 22 2025

Avalanche Price Trends: Avalanche (AVAX) is experiencing bearish momentum, dropping below $24, with indicators suggesting further downside potential as short positions rise and technical levels weaken.
OKB Token Burn Impact: A recent burn of 20 million OKB tokens has reduced supply, potentially increasing the token's value and demonstrating the exchange's commitment to strengthening its foundation.
BlockDAG's User Growth: The X1 Miner App for BlockDAG has surpassed 2.5 million users before its mainnet launch, showcasing significant pre-launch adoption and building a community that could drive future growth.
Comparison of Strategies: While Avalanche and OKB focus on price action and supply reduction, BlockDAG emphasizes real user engagement and utility, positioning itself as a promising opportunity in the crypto landscape for 2025.

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Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.