BlockDAG Raises $363M, Onboards 2.5M Users Ahead of $600M Target

BlockDAG has made significant strides in August, raising $363 million and onboarding 2.5 million users through its X1 mobile miner app as it approaches its $600 million funding target [1]. The project, which combines a hybrid Directed Acyclic Graph (DAG) and Proof-of-Work (PoW) model, has sold 18,000 ASIC miners to secure the network and is preparing for its global launch scheduled for August 11 [1]. The platform also launched a demo trading platform where users can purchase BDAG coins at $0.0016 and practice trading before the coin is listed on exchanges at $0.05 [1].

A key component of BlockDAG’s infrastructure is its ability to handle between 2,000 and 15,000 transactions per second (TPS), with testing already showing 10 blocks per second. This scalability and performance position the project as a potential competitor to other high-throughput blockchains like Solana and Avalanche [1]. BlockDAG’s DAG structure supports parallel transactions, reducing delays and high fees, while the PoW layer ensures decentralization and security [1].

The project has attracted attention from over 4,500 developers, with more than 300 decentralized applications (dApps) already in development. The live testnet supports smart contracts, and the platform offers tools such as EVM compatibility and a low-code builder to encourage development across skill levels [1]. This technical foundation, combined with real-world tools and a growing user base, signals a strong move toward utility and adoption.

Beyond its technical progress, BlockDAG has expanded its global reach through partnerships, including a July collaboration with Inter Milan, one of Europe’s top football clubs. This partnership is expected to enhance the project’s visibility and attract new users, especially given the X1 app’s already substantial user base of 2.5 million [1].

To further drive growth, BlockDAG has launched a 10 BTC Auction Pool, running until August 11. Each BDAG purchase during this period counts toward a chance to win a share of the pool, incentivizing larger purchases and boosting volume [1]. With $363 million raised and Batch 29 priced at $0.0276, the platform is on track to reach its $600 million target, a threshold often associated with major blockchain projects.

Market watchers have noted that BDAG could potentially reach $1, representing a 60x return from its listing price of $0.05. Given the current $0.0016 entry price, early buyers could see up to a 625x return, or a 3,025% gain [1]. These projections are speculative and reflect market sentiment rather than guarantees, but they underscore the growing confidence in BlockDAG’s development and infrastructure.

The project’s recent progress includes the sale of 24.7 billion BDAG tokens, with early buyers reporting gains of 2,660%. These figures highlight the strong interest in the platform, particularly during the final stretch before the global launch [1]. BlockDAG’s strategy of combining high-performance infrastructure with user engagement, real-world tools, and strategic partnerships appears to be paying off.

With the global launch on August 11, BlockDAG aims to transition from a pre-sale and demo phase to a fully operational blockchain with active trading and dApp support. The project’s focus on decentralization, security, and scalability has positioned it as a serious contender in the Layer 1 space, and its recent momentum suggests a strong foundation for long-term growth [1].

Source: [1] BlockDAG’s August Push: $363M Raised, 2.5M Users Onboarded (https://coinmarketcap.com/community/articles/6891f5bbd648e04dc407e11c/)