BlockDAG positions itself as a promising Layer 1 platform offering a hybrid DAG and Proof-of-Work model. With the growing interest in meme coins, it is gaining potential status as a Solana alternative by 2025.
Why Layer 1 Chains Are Suitable for Meme Coins
Solana's success was not only due to transaction speed but also its capability to host meme tokens due to low fees and quickness. However, Solana has faced issues such as network disruptions and limited EVM integration. BlockDAG addresses these shortcomings and provides additional functionality for DeFi deployment. At Keynote 3, it was announced that the BlockDAG mainnet will launch with support for functionalities such as Swaps, Lending & Staking, Bridges, and Governance Modules. It is uniquely compatible with both EVM and WASM, allowing for seamless migration of projects from the Ethereum and Polkadot ecosystems.
User Growth and Meme Ecosystem Formation on BlockDAG
The meme coin ecosystem is built on user activity, and BlockDAG shows impressive results. Currently, over 800,000 users are mining BDAG using the X1 Miner app, more than 400,000 are participating in the Tap Miner game, and around 170,000 have taken part in the presale. These figures reflect not only quantity but also quality growth, creating a momentum similar to what propelled Solana into the meme coin spotlight.
Meme Coins Need DeFi Tools
To ensure longevity, meme coins require a full-fledged ecosystem, and BlockDAG's tools make it accessible. Users can launch community tokens, list them on the DEX, activate staking features, and set up bridges without coding. These functionalities were demonstrated during the Beta Testnet in Keynote 3. It is expected that with the mainnet launch, BlockDAG will have over 10 exchange listings, laying the groundwork for BDAG price growth.
With over $210 million raised during the presale, BlockDAG's structure is turning heads in the crypto world. Its speed, EVM/WASM compatibility, and active user participation position BlockDAG as a leading platform for meme coins, ensuring their functionality and support.
