Ethereum News Today: BlockDAG Raises $342 Million in Presale, Aims for $600 Million

BlockDAG, a Layer 1 network that combines Directed Acyclic Graph (DAG) technology with elements of traditional blockchain methods, is gaining significant attention in the crypto space. Currently in its presale phase, BlockDAG has already amassed over $342 million and distributed more than 24 billion BDAG coins, attracting interest from developers, miners, and users. This article delves into BlockDAG’s unique structure, its technical advantages, and why it is being considered a potential top crypto by 2025.

BlockDAG’s architecture blends DAG with proof-of-work (PoW), a method similar to Bitcoin’s. Unlike traditional blockchains, DAG allows transactions to occur simultaneously, enhancing speed and efficiency. BlockDAG’s system can process between 2,000 and 15,000 transactions per second (TPS), significantly outperforming Bitcoin’s 7 TPS and Ethereum’s 30 TPS without additional layers. By integrating PoW, BlockDAG maintains the security and decentralization of older networks while leveraging DAG’s speed.

One of BlockDAG’s standout features is its compatibility with the Ethereum Virtual Machine (EVM), enabling developers to use Solidity-based smart contracts seamlessly. This compatibility allows Ethereum apps, wallets, and tools to run on BlockDAG with minimal adjustments. Additionally, BlockDAG offers a low-code smart contract builder, making it accessible for users with limited coding experience to develop and deploy smart contracts through a drag-and-drop interface. This feature aims to democratize blockchain technology, making it more accessible to startups, creators, and businesses with fewer resources.

BlockDAG’s testnet is already live, providing developers with a platform to test contracts and evaluate performance. Early grants and hackathons have been initiated, with the goal of supporting 1,000 dApps by 2026. The project also emphasizes mining, with its X1 mobile app allowing users to simulate mining rewards and learn about supporting the network. Over 2 million people use the app, and more than 18,500 ASIC miners have been sold, contributing to a robust and secure network. Unlike many Layer 1 projects that wait to launch before building activity, BlockDAG is actively engaging users and developers early on.

BlockDAG has outlined a detailed six-week plan for its full launch, providing a structured timeline and setting clear expectations. The plan includes the end of the presale, wallet migration, mainnet launch with core network and mining features, the activation of community mining pools and nodes, the distribution of presale coins, and the launch of DeFi tools like DEX, bridge, and lending systems before exchange listings. This transparent rollout plan is rare among early-stage Layer 1 chains and helps build trust with potential users.

BlockDAG’s presale is currently priced at $0.0016 per BDAG, with plans to list at $0.05. The project aims to raise $600 million through its presale, having already secured $342 million. Compared to other Layer 1 projects like Avalanche and Aptos, which raised $350 million and $200 million respectively before their launches, BlockDAG stands out as one of the most funded early-stage networks. This funding supports not only the launch but also exchange liquidity, developer grants, and the development of network tools post-Token Generation Event.

While the future price of BDAG is uncertain, some market analysts are monitoring its potential to enter the top 50 market cap range, provided that development progress continues. BlockDAG’s unique combination of DAG structure and PoW, along with its EVM compatibility and active community engagement, positions it as a serious contender in the Layer 1 space. Although it is still in its presale phase, the project has already made significant strides, with a running testnet, developer tools, active mining systems, and a clear rollout schedule.

BlockDAG’s approach to combining speed, security, and decentralization, along with its developer-friendly features, makes it a project to watch closely as the next wave of Layer 1 platforms emerges. While it is too early to predict its post-launch user base, BlockDAG’s current progress and community involvement indicate that it is a Layer 1 effort worth following.