Ethereum News Today: BlockDAG Raises $344 Million in Presale, Aims for Top Market Rankings

BlockDAG, a high-speed Layer 1 network utilizing a Directed Acyclic Graph (DAG) structure and combining Proof-of-Work with Ethereum tools, has garnered significant attention as crypto markets enter a new upward trend. The platform has successfully raised over $344 million in its presale, selling more than 24 billion BDAG coins. This substantial funding has sparked interest and raised questions about whether BlockDAG is a strong investment choice for those monitoring the market.

BlockDAG’s presale has been notable for several reasons. The $344 million raised is unusually high for a project that has not yet launched, suggesting involvement from larger entities and over-the-counter (OTC) deals. This funding is not just about capital; it is also building liquidity on 20 confirmed exchanges, which could offer BDAG stronger price levels once it goes live. Additionally, BlockDAG is not just pushing the presale; it already has a working testnet, a low-code smart contract tool, and over 2 million users mining BDAG using the X1 app on mobile devices. Over 18,500 ASIC mining units have also been purchased, indicating that BlockDAG is more than just a concept—it is already functioning.

BlockDAG’s strength lies in its system architecture. By using DAG for faster transactions and Proof-of-Work for strong security, the platform aims to balance speed, safety, and decentralization. The protocol reports speeds between 2,000 and 15,000 transactions per second, far above what Bitcoin or Ethereum handle, while still keeping data safe through energy-backed validation. The platform also works with Ethereum’s Virtual Machine (EVM), allowing developers to move their existing dApps to BlockDAG without rewriting the code. A low-code smart contract builder is also available, making it accessible for users who are not technical experts. These features may make BlockDAG a more user-friendly option compared to other Layer 1 networks like Solana or Avalanche, which have faced issues with scaling or reliability.

BlockDAG is also focusing on ecosystem growth before its mainnet launch. The team has already launched grant programs, hosted global hackathons, and set a goal to support more than 1,000 dApps by 2026. This proactive approach aims to get developers building early so that the network is ready for use once trading starts, avoiding the usual issue where new chains attract funding but lack active development from builders. With tools like the no-code builder and SDKs for the testnet already in place, BlockDAG’s early work could lead to a strong dApp layer being ready before the mainnet goes live.

To address concerns about long lockup periods in crypto presales, BlockDAG has introduced a “NO VESTING PASS.” This short-term offer gives 100% access to BDAG coins at launch for new purchases. Typically, bonus or presale tokens come with a vesting schedule lasting up to 12 months. For a limited 6-day period, BDAG is priced at $0.0016 with no lockup, giving full launch access from day one. This move aims to build momentum during the final phase of the presale and give later participants the same benefits usually reserved for early entries. With a listing price set at $0.05, this discounted rate offers a possible return of 2,977%, one of the highest pre-launch return setups currently available.

The question of whether BlockDAG can reach top market rankings is a complex one. A $1 price for BDAG would mean a market cap between $50 billion and $60 billion, assuming all tokens are in circulation. This would place BlockDAG in the top 10 to 15 projects by market size, a goal that is high but not beyond reach, considering how Layer 1 networks performed during the 2020 to 2021 cycle. A more achievable price between $0.50 and $1 over the next 12 to 18 months could happen if the platform delivers on plans for dApps and DeFi, keeps strong exchange performance, and brings in its base of over 2 million users as active members of the ecosystem. Ultimately, what drives its market cap will be whether BlockDAG grows into a system with ongoing utility, rather than just being a well-funded launch. So far, progress seems to support that direction.

BlockDAG is positioning itself as a strong competitor among new Layer 1 networks. With its testnet already live, development tools in place, and $344 million raised in its presale, BlockDAG is not just a concept-only project; it is a working network getting ready for its mainnet phase with a clear roadmap. The key question may not be “Is BlockDAG a good buy?” but rather “Is this too early to overlook?” With the NO VESTING PASS, entry pricing at $0.0016, and a consistent record of delivering progress, BlockDAG might offer one of the more balanced Layer 1 opportunities heading into 2025.