Ethereum News Today: BlockDAG Surpasses $370M in Presale Funding With 2,660% Early Returns

BlockDAG’s presale has surpassed $370 million in funding, marking a significant milestone ahead of its official launch. The project recently launched Dashboard V4, offering users a real-time trading experience, including price charts, simulated order books, and wallet tracking tools. With Batch 29 priced at $0.0276, early investors from Batch 1 have already seen a 2,660% return. Over 25 billion tokens have been sold, and miner sales exceed $7.7 million, with more than 19,179 units in circulation [1].

The platform’s technological foundation is a hybrid blockchain-DAG architecture that delivers high speed and scalability while maintaining Ethereum Virtual Machine (EVM) compatibility. This structure facilitates seamless smart contract deployment and is further enhanced by a low-code smart contract builder, broadening development accessibility. BlockDAG also integrates with real-world sports teams, including the Seattle Seawolves and Seattle Orcas, through NFT and fan token initiatives. The X1 mobile mining app, now with over two million users, contributes to early user engagement [1].

While BlockDAG captures attention with its rapid growth and product delivery, the broader market is also watching developments in Dogecoin and Mantle. Dogecoin is currently consolidating near $0.206, just above key support at $0.203 and within the range of its July breakout zone. The coin is held between $0.195 and $0.213, with major exponential moving averages (EMAs) exerting downward pressure. A breakout above $0.213 with strong volume could lead to $0.226 and $0.246 as next targets. Bollinger Bands on the 4-hour chart have contracted, suggesting a larger move is imminent [1].

Mantle has experienced a 25% weekly increase, with a 65% rise over the past month, reaching near $0.93. This growth is supported by a 23% increase in its stablecoin market cap to $650 million and a 165% surge in derivatives open interest, signaling heightened trading activity. Institutional support is also evident, with over 101,000 ETH—valued at approximately $388 million—added to the Ethereum Strategic Reserve. If this momentum continues, analysts suggest Mantle could approach $1.20–$1.23, but resistance near $1.23 may hinder progress without broader market strength [1].

BlockDAG’s ability to raise over $370 million and launch a fully functional dashboard demonstrates its readiness for market entry, distinguishing it from speculative projects. The project combines urgency—due to the impending price increase after Batch 29—with tangible product delivery. Exchange listings are confirmed, and the project remains one of the top cryptocurrencies to watch in 2025, blending technological innovation with immediate utility [1].

Source: [1] BlockDAG Hits $370M with Dashboard V4 as Dogecoin and Mantle Take Center Stage (https://coinmarketcap.com/community/articles/689acb511f3a5b4dc5e1802c/)