Solana News Today: BlockDAG Challenges Solana with 2,000–15,000 TPS and $364M Presale

Solana, long positioned as a leading Layer 1 blockchain with high throughput and low transaction fees, now faces a formidable challenge from BlockDAG. The latter has raised over $364 million in presale and launched working tools ahead of its official launch on August 11, signaling aggressive momentum in the Web3 space [1].

Solana’s current TPS performance ranges between 1,000 and 2,000, supported by its Proof-of-History and Proof-of-Stake consensus model. However, it has faced criticism for occasional outages and validator constraints, which have raised concerns about its long-term scalability and reliability [1]. Meanwhile, BlockDAG utilizes a hybrid model combining DAG (Directed Acyclic Graph) with Proof-of-Work. This allows it to process multiple transactions concurrently, with reported real-world TPS between 2,000 and 15,000 depending on network demand. Its architecture is designed not only for speed but also for enhanced decentralization and resistance to spam attacks [1].

In terms of developer tools and ecosystem growth, Solana maintains a significant lead with a large number of dApps and a well-established community. However, BlockDAG is gaining traction with EVM compatibility and low-code development tools, enabling developers to build using Solidity without switching ecosystems. The platform has already attracted over 4,500 developers and 300 dApp projects, supported by live testnet access and grants [1].

User onboarding is another area where BlockDAG is setting itself apart. Its X1 mobile miner has drawn in 2.5 million users with daily BDAG rewards, and the Demo Trading Platform allows users to trade at $0.0016 before the price adjusts to $0.05, offering a potential 3025% return. Additionally, the 10 BTC Auction Pool incentivizes participation by offering chances to win Bitcoin [1].

Infrastructure-wise, BlockDAG collaborates with Cold Wallet to provide early users with secure and functional tools. In contrast, Solana relies on third-party wallets like Phantom and Solflare, which are reliable but operate independently [1]. BlockDAG’s hybrid mining approach, supported by over 19,000 ASIC miners and mobile validation via X1, is designed to enhance both security and accessibility.

Despite these advancements, Solana remains a top Layer 1 protocol due to its strong market presence and user base. However, BlockDAG’s rapid growth, supported by a robust technical foundation and user-friendly tools, positions it as a credible contender. With its hybrid DAG-PoW model and EVM compatibility, BlockDAG aims to address scalability and decentralization challenges that Solana has yet to fully resolve [1].

As the launch date approaches, the blockchain industry will closely watch whether BlockDAG can deliver on its promises and shift the dynamics of the Web3 landscape toward a more decentralized and scalable future [1].

Source: [1] BlockDAG or Solana? Who’s Leading Web3 Race Today (https://coinmarketcap.com/community/articles/689409a59ff08f0ef31997f6/)