Ethereum News Today: BlockDAG Presale Surpasses $365.5M on DAG-PoW Innovation

BlockDAG’s recent presale has surpassed $365.5 million, capturing attention in the cryptocurrency market with its unique integration of Directed Acyclic Graph (DAG) and Proof-of-Work (PoW) technologies [1]. The platform aims to address a longstanding challenge in the crypto space—balancing high transaction speeds, robust security, and decentralization. With its DAG-based structure, BlockDAG enables asynchronous transaction confirmations, allowing it to process between 2,000 to 15,000 transactions per second (TPS), significantly outpacing the 7 TPS of Bitcoin and 30 TPS of Ethereum [1]. Meanwhile, the continued use of PoW ensures a decentralized and secure network, distinguishing it from many DAG projects that adopt Proof-of-Stake models.

The hybrid architecture also includes full Ethereum Virtual Machine (EVM) support, enabling Ethereum-based smart contracts to operate on BlockDAG without modification [1]. This compatibility positions BlockDAG as a scalable and secure alternative for developers and enterprises in the DeFi, Web3, and gaming sectors. Notably, BlockDAG has already deployed a functional network with tools such as the X1 mobile miner app, which has been downloaded by 2.5 million users, and a Demo Trading Platform where BDAG can be purchased at $0.0016 [1].

The project’s infrastructure is further supported by over 18,900 ASIC miners, forming a decentralized and secure mining network, and a testnet that has engaged more than 4,500 developers building over 300 applications [1]. These real-world implementations signal that BlockDAG is not merely a theoretical proposition but a project with active development and user engagement. The platform is also preparing for its official launch on August 11, with a fixed token price of $0.05, offering early buyers a potential 3,025% return based on the current price of $0.0016 [1].

Some analysts predict that BDAG could potentially reach $1 within the next 12 to 18 months, representing a 625x increase from the current price [1]. While such a forecast remains speculative, it reflects confidence in BlockDAG’s technological foundation, early traction, and growing ecosystem. The $600 million in funds raised will be allocated to application development, global adoption, and long-term price stability [1].

As the cryptocurrency market continues to evolve, BlockDAG’s DAG-PoW combination presents a compelling solution to scalability and security challenges. With active tools, a growing user base, and a clear roadmap, the project is positioned to make a meaningful impact in the Layer 1 space. The coming weeks will be crucial in determining whether BlockDAG can deliver on its ambitious vision and attract broader adoption across the crypto industry.

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[1] BlockDAG’s $365.5M Surge Fuels Excitement As DAG PoW Combo Unlocks New Era Of Speed and Security. https://coinmarketcap.com/community/articles/68962e30cdb25b1fa64b34bd/