Ethereum News Today: BlockDAG Raises $342 Million in Presale, 24 Billion BDAG Coins Sold

BlockDAG, a high-speed, DAG-based Layer 1 chain, has garnered significant attention by raising over $342 million in its presale and selling 24 billion BDAG coins. This achievement has sparked discussions about whether BlockDAG is a viable crypto investment.

Crypto presales can be unpredictable, often reflecting either genuine innovation or mere hype. BlockDAG's presale, however, appears to be backed by substantial support from both retail buyers and institutional players, including OTC desks. The presale is also building liquidity across 20 exchanges, which is crucial for price stability once trading begins. Beyond the financial aspects, BlockDAG has made tangible progress with a live testnet, a low-code smart contract builder, over 2 million users mining BDAG through the X1 app, and more than 18,500 ASIC rigs sold. These developments indicate that BlockDAG is more than just a concept; it is already operational.

BlockDAG's technical foundation is another key factor in its appeal. By combining the speed of Directed Acyclic Graph (DAG) technology with the security of Proof-of-Work, BlockDAG addresses the traditional blockchain challenge of balancing speed, security, and decentralization. The protocol claims a throughput of 2,000 to 15,000 transactions per second, significantly higher than Bitcoin and Ethereum, while maintaining data integrity through energy-backed validation. Its compatibility with the Ethereum Virtual Machine (EVM) allows developers to seamlessly transfer their Ethereum applications without rewriting code. Additionally, BlockDAG's low-code builder makes it accessible for startups, small businesses, and non-developers to deploy smart contracts, positioning it as a more approachable alternative to platforms like Solana or Avalanche, which have faced scalability issues.

BlockDAG is not waiting for its mainnet launch to attract developers. The team has already initiated community grants, international hackathons, and aims to onboard over 1,000 dApps by 2026. This proactive approach ensures that when liquidity arrives, the chain will not only be tradable but also usable. Many Layer 1 projects struggle with this transition, but BlockDAG's no-code dApp builder and live SDKs on the testnet are already gaining traction at the developer level, potentially giving it a strong application layer even before the mainnet launch.

To further incentivize potential buyers, BlockDAG introduced a "NO VESTING PASS," a time-limited offer where new BDAG purchases come fully unlocked on launch. This move aims to create last-minute excitement and reward latecomers who still believe in the project. With a confirmed listing price of $0.05, this deal implies a potential return of nearly 3,025%, making it one of the most attractive pre-launch opportunities available.

The question of whether BlockDAG can reach $1 or higher is also worth considering. A $1 price point would place BlockDAG among the top 15 coins by market capitalization, a goal that, while ambitious, is not impossible given the achievements of other Layer 1 projects in previous cycles. A more realistic short-term target of $0.50–$1 over the next 12–18 months seems achievable if BlockDAG successfully executes its dApp and DeFi plans, maintains momentum on exchanges, and converts its user base into active participants. The final outcome will depend on whether BlockDAG can mature into a vibrant, utility-driven ecosystem, a possibility that current developments suggest is likely.

In conclusion, BlockDAG is emerging as a strong contender in the Layer 1 space. With a live testnet, working builder tools, and over $342 million already raised, it is clearly more than just a concept. For those closely watching the crypto market, the question may not be whether BlockDAG is a good bet, but whether they can afford to miss out on this opportunity. With the NO VESTING PASS, an attractive entry price of $0.0016, and consistent progress, BlockDAG offers one of the most intriguing Layer 1 opportunities as we approach 2025.