BlockDAG Raises $313.5 Million, Outpaces Kaspa with 15,000 Transactions Per Second

BlockDAG, a cryptocurrency project, has emerged as a significant contender in the blockchain space, particularly in comparison to Kaspa. In 2022, Kaspa introduced a fast Directed Acyclic Graph (DAG) design, which addressed long-standing speed issues in blockchain technology. Since then, numerous projects have attempted to build upon Kaspa's innovations, but BlockDAG appears to be pushing the boundaries even further.

BlockDAG differentiates itself by integrating Bitcoin's proof-of-work method for enhanced decentralization and security. Additionally, it offers full compatibility with the Ethereum Virtual Machine (EVM), an easy-to-use smart contract builder, and an already active testnet. BlockDAG has raised $313.5 million, sold 22.9 billion coins, and attracted over 2 million mobile miners through its X1 app. Unlike many projects that focus solely on theoretical concepts, BlockDAG is actively developing tangible solutions.

BlockDAG combines the strengths of Bitcoin, Ethereum, and Kaspa. It employs proof-of-work for robust security and decentralization, similar to Bitcoin. From Kaspa, it adopts DAG technology for faster transaction speeds, capable of handling up to 15,000 transactions per second. Like Ethereum, it supports smart contracts and is compatible with all EVM tools. BlockDAG's early delivery of these tools sets it apart; it already offers a no-code app builder, allowing anyone to create applications without coding knowledge. This contrasts with Kaspa, which remains more focused on its core system. BlockDAG's strategy is clear: build a strong app ecosystem before its coin even launches.

BlockDAG is accelerating its development timeline compared to other Layer 1 projects, which often spend years in the building phase before gaining users. Its testnet is already operational, and over 22.9 billion BDAG coins have been sold. The X1 app has over 2 million users, and the project's Telegram community exceeds 100,000 members. Twenty exchange listings are secured, including several top-tier exchanges. A U.S.-based marketing plan is also in preparation, which could enhance BlockDAG's visibility in the coming months. The project's roadmap is well-defined, with key milestones including the end of the presale, the launch of the mainnet, and the airdrop of 40% of presale coins. By launch week, DeFi tools, DEX, bridge, launchpad, and oracles will all be operational, indicating a growing and dynamic ecosystem.

For developers, BlockDAG presents a compelling opportunity. Grants are already being distributed pre-launch, and hackathons are in the planning stages. The no-code builder is live, and a low-code smart contract tool is ready. BlockDAG aims to support over 1,000 applications by 2026. This approach contrasts with early challenges faced by projects like Solana and Avalanche, where tool issues and hype faded over time. BlockDAG is focusing on building a strong foundation with less noise, aiming for deep liquidity and long-term developer support. The $600 million presale goal is not about hype but about creating a sustainable ecosystem.

BlockDAG, though not yet in the top 50 cryptocurrencies, is developing with the characteristics of a top-tier project. Its speed, security, and user-friendly features make it stand out among current Layer 1 options. Some market observers predict a price of $1 soon after launch, with long-term targets as high as $4, based on user growth and developer activity. Currently, in Batch 29, the price is $0.0276, with early investors in Batch 1 already seeing gains of 2,660%. The 6-week launch countdown has not yet begun, making this an opportune time for early involvement. In the cryptocurrency world, being early when tools, apps, and liquidity are being built can significantly impact potential gains. BlockDAG is not just making promises; it is actively constructing the future.