$238M ETH Liquidation Risk, ENA Unlock Buzz Builds, While BlockDAG Raises $5M in 48 Hours Post Viral Keynote

Ethereum

$238M ETH Liquidation Risk, ENA Unlock Buzz Builds, While BlockDAG Raises $5M in 48 Hours Post Viral Keynote

MakerDAOs vault system is under pressure as two Ethereum whales face a combined $238 million at risk of liquidation. With ETH hovering near $1,870, the liquidation trigger points—$1,805 and $1,787—are alarmingly close. These vaults have a health ratio barely above 1.00, meaning a sharp dip could flood the market with auto-sold ETH, intensifying downside pressure.

While Maker grapples with risk management, Ethena Labs is making a different move. Its new sUSDe pool on Pendle adds real-world yield utility to ENA‘s token, potentially offsetting the negative sentiment from its recent token unlock. The pool’s success could indicate stronger mid-term fundamentals.

Yet, BlockDAG is already where others want to be. Keynote 3 confirmed its entire DeFi suite—staking, swaps, lending, and more—will go live at mainnet, not sometime post-launch. That‘s rare. Backed by a $208M presale and $5M raised in just 48 hours, BlockDAG is showing it’s not just promising utility—its building it right now.

$238M at Risk: Maker Vaults Face Liquidation as ETH Nears Danger Zone

Two Ethereum whales are on the edge of losing $238 million worth of collateralized ETH as prices slump. According to Lookonchain, the whales have locked over 125,000 ETH in Maker vaults while borrowing $143.68 million in DAI. If ETH drops below $1,805 and $1,787, both vaults will be liquidated.

With health ratios at 1.05 and 1.06—just above the critical 1.00 mark—the threat of forced liquidation is real. If triggered, the ETH will be auto-sold to cover debt, putting downward pressure on price.

ETH is currently trading at $1,870, down 2.2% in 24 hours. Unless these whales inject more collateral, their positions could unravel fast.

Ethena Launches New sUSDe Pool with Pendle—Will ENA Demand Rise？

Ethena Labs has rolled out a new sUSDe yield pool in partnership with Pendle, running from March 25 to July 31, 2025. This move could draw in yield-hungry investors and deepen liquidity on Ethereum.

The extended window gives market participants time to engage, and if the pool gains traction, it could signal stronger user confidence in Ethenas ecosystem—potentially driving more demand for ENA tokens.

With ENA already under the spotlight due to its massive token unlock, this added utility through yield farming may play a key role in shaping its mid-term price direction. Watch how much capital flows into the pool and the returns offered—those metrics could hint at where ENA is heading next.

BlockDAG to Launch Full DeFi Suite—$5M Raised in 48 Hours Says It All

BlockDAG‘s Keynote 3 didn’t just showcase a testnet—it laid out a clear blueprint for becoming a DeFi powerhouse. One of the standout moments was the confirmation that full DeFi functionality will be available at mainnet launch. That includes staking, swaps, lending, bridges, and governance tools—built directly into the ecosystem from day one. Unlike most Layer 1s that roll these out slowly post-launch, BlockDAG is aiming to hit the ground running, giving users immediate financial utility.

This aggressive rollout is backed by serious momentum. In just 48 hours, BlockDAG raised $5 million, bringing its total presale to over $208 million. With BDAG priced at $0.0248 in Batch 27, investors are clearly seeing the upside—especially with over 19 billion tokens sold and DeFi tools coming online soon.

These fundamentals position BlockDAG to compete directly with Ethereum, Solana, and Avalanche—not just on speed, but on real usability. The market is responding in kind, and if this pace continues, BDAG could emerge as one of the top DeFi-ready Layer 1s of the year. For those looking to enter early, the signals couldnt be louder. This is the breakout moment.

Takeaway

The Ethereum liquidation alert reveals just how fragile large leveraged positions can become in uncertain markets. MakerDAO may weather the storm, but if ETH breaks key levels, it could trigger a cascade with broad implications. Ethenas Pendle integration adds needed use-case depth, but whether that offsets the risk from its $3.29B unlock remains to be seen. Both ETH and ENA are playing defense—for now.

BlockDAG, on the other hand, is executing like it‘s already live. Its full DeFi suite isn’t a roadmap ambition—its a confirmed launch feature. While competitors gradually release functionality, BlockDAG is packaging it all into its mainnet debut. That alone gives BDAG a unique edge in both time-to-market and user readiness.