The BlockDAG project is showing significant progress against the backdrop of other cryptocurrency initiatives. With over $317 million already raised and ambitious plans to increase the presale to $600 million, the project stands out among many promising but unfulfilled initiatives.
Current Achievements of BlockDAG
BlockDAG is already showing results. The system is operational, and users can test its features on a public testnet. More than 2 million people are mining BDAG coins daily using the X1 app. The system allows for smart contract development and provides no-code tools for all users.
Developer Support and Tools
To ensure long-term success, BlockDAG actively supports developers. The project offers builder grants, organizes hackathons, and provides low-code development tools. With full EVM compatibility, developers from Ethereum can begin trying out and migrating their projects to the new network, which offers faster and more cost-effective solutions.
What a $600 Million Raise Means
While large fundraising may raise suspicions of speculative intentions, BlockDAG is using these funds to create real infrastructure. The project has already demonstrated its ability to attract users and build a network, including over 18,000 sold ASIC miners and active smart contract support on testnet. If the fundraising is successful, BlockDAG will strengthen its market position.
BlockDAG continues to evolve, and its achievements in fundraising and infrastructure launch highlight the project's potential. With a clear roadmap and active community support, BlockDAG could become a significant player in the cryptocurrency industry.
