Solana News Today: BlockDAG’s $397M Presale Proves Decentralization Can Scale

BlockDAG (BDAG) is gaining momentum in the cryptocurrency market with a record-breaking presale and significant institutional interest. As of the latest update, the project has raised over $397 million, a figure that underscores its growing influence and adoption globally. The presale has sold more than 25.9 billion coins, with over 200,000 token holders participating, making BlockDAG one of the most anticipated altcoins for 2025 and beyond. The X1 mobile miner app, which allows users to mine directly from their smartphones, has attracted over 3 million users worldwide, further solidifying BlockDAG's grassroots adoption [4].

BlockDAG's hybrid consensus model, combining Directed Acyclic Graph (DAG) technology with Proof-of-Work, is one of its key differentiators. This approach aims to enhance scalability while maintaining security and decentralization. The project also supports EVM compatibility, enabling developers to deploy Ethereum-based applications on the BlockDAG network, thus broadening its appeal to the existing blockchain ecosystem. The X10, X30, and X100 miners, part of BlockDAG’s hardware lineup, have already been shipped to over 19,000 users globally, indicating the project's tangible infrastructure and operational readiness [4].

Institutional and retail adoption is another critical factor driving BlockDAG’s growth. The referral-based user acquisition strategy has led to an average of 25,000 new users joining daily. This organic growth is further amplified by a 25% BDAG bonus for users who refer others to the platform, fostering a self-sustaining network effect. Notably, the project has managed to achieve this without the backing of venture capital, making it one of the most decentralized and transparent presales in the crypto space. This model has attracted over 312,000 unique token holders, creating a diverse and engaged community [4].

BlockDAG’s growing influence extends beyond its technological advancements and user base. The project is preparing for a major Deployment Event in Singapore, in partnership with Coinstore, which is expected to enhance its visibility and further accelerate its global adoption. This event will showcase the network’s operational capabilities and highlight its potential to support large-scale decentralized applications. Analysts have increasingly positioned BlockDAG as a long-term investment with the potential to deliver substantial returns as the crypto market enters a new bull cycle [3].

Meanwhile, other major cryptocurrencies are also showing signs of growth and adoption. Dogecoin (DOGE) is on the verge of its first-ever exchange-traded fund (ETF) launch in the United States, with REX Shares reportedly preparing to launch the product via a 40 Act filing. This approach, similar to the one used for its Solana staking ETF, is seen as a regulatory shortcut that could expedite the approval process. Over the past year, DOGE has surged by 116.67%, according to CoinMarketCap, although it has since declined from its 2024 high [1].

Solana (SOL) is also making strides with SOL Strategies securing a Nasdaq listing for its common shares, set to begin trading on September 9 under the ticker STKE. The company currently holds 435,064 SOL tokens, valued at approximately CAD$122 million, and plans to leverage the Nasdaq listing to attract institutional investors and improve liquidity. This move is expected to enhance the visibility of Solana staking and infrastructure within the broader financial market [2].

While DOGE and SOL are making regulatory and market advancements, BlockDAG’s unique approach to decentralization and community-driven growth sets it apart. The project’s ability to raise nearly $400 million without external funding and its focus on accessible, user-friendly tools like the X1 mobile miner app highlight its potential to redefine participation in the crypto space. As the Deployment Event in Singapore approaches, BlockDAG is positioning itself as a leading contender in the next phase of blockchain innovation [4].

Source:

[1] Dogecoin may see first-ever ETF launch next week: Analyst (https://cointelegraph.com/news/dogecoin-etf-united-states-launch-next-week-analyst)

[2] SOL Strategies Wins Nasdaq Listing, Shares to Trade ... (https://www.coindesk.com/business/2025/09/05/sol-strategies-wins-nasdaq-listing-shares-to-trade-under-stke)

[3] Why BlockDAG, ADA, SUI, & LTC Are the Coins Everyone ... (https://www.digitaljournal.com/pr/news/indnewswire/why-blockdag-ada-sui-1890287711.html)

[4] BlockDAG Proves Credibility With 3M App Users, $397M ... (https://crypto-economy.com/the-numbers-dont-lie-3m-app-users-397m-raised-312k-global-holders-why-blockdag-is-unstoppable/)