Ethereum News Today: BlockDAG Presale Hits $381M With 2,660% Early Returns

BlockDAG has emerged as one of the most discussed projects in the cryptocurrency space since the rise of Kaspa, fueled by its $381 million presale and early investor returns of 2,660% [1]. The project, which is building a hybrid Layer 1 blockchain using a combination of Proof-of-Work (PoW) and Directed Acyclic Graph (DAG) technology, has attracted both retail and institutional attention. It has sold 25.3 billion tokens to date and has already distributed nearly 19,400 ASIC miners, indicating strong early adoption and infrastructure development [1].

The key innovation behind BlockDAG lies in its architecture. By integrating DAG with PoW, it aims to achieve high throughput—processing up to 10 blocks per second—while retaining the security and decentralization benefits of traditional blockchains [1]. Unlike Bitcoin and Ethereum, which rely on sequential block validation, BlockDAG allows for parallel block processing, significantly improving scalability. This approach builds on the foundation laid by Kaspa but takes the model a step further by focusing on accessibility for miners and developers [1].

A major factor in BlockDAG’s rapid traction is the X1 mobile mining app, which has drawn in 2.5 million users. The app enables individuals to mine BDAG tokens directly from their smartphones, reducing the technical and financial barriers to entry typically associated with cryptocurrency mining [3]. Alongside this, the project has also sold nearly 19,400 ASIC miners, blending grassroots participation with industrial-scale mining power to create a robust network before mainnet launch [1].

Developer activity has also surged, with over 4,500 developers working on more than 300 decentralized applications (dApps) across DeFi, gaming, and financial sectors [1]. BlockDAG’s Ethereum Virtual Machine (EVM) compatibility has made it easier for developers to port Ethereum-based projects without rewriting code, accelerating ecosystem growth [1].

Analysts have drawn comparisons between BlockDAG and Kaspa, noting the potential for BDAG to reach $1 within 12–18 months if adoption continues at its current pace [1]. Long-term projections suggest the token could climb to between $5 and $10, assuming the project scales in a manner similar to early-stage chains like Solana and Avalanche [1]. These forecasts depend on factors such as continued developer support, exchange listings, and a stable rollout of key infrastructure [1].

BlockDAG’s presale is currently on track to hit a $600 million target, with Batch 29 priced at $0.0276 [1]. With nearly 20,000 miners already in the network and millions of users actively engaged, the project has demonstrated a level of adoption and momentum rarely seen in early-stage Layer 1s [1].

Sources:

[1] https://cryptonewsland.com/what-makes-blockdag-the-most-talked-about-project-since-kaspa-breaking-down-its-381m-presale/

[2] https://crypto-economy.com/381m-raised-25-billion-coins-sold-heres-why-analysts-are-backing-blockdag-as-the-top-altcoin-to-buy-right-now/

[3] https://www.ainvest.com/news/blockdag-presale-hits-381m-2-5m-miners-x1-app-2508/