BlockDAG has achieved significant success in the cryptocurrency market by raising over $387 million in its presale, positioning itself alongside major players like Avalanche and Aptos, and highlighting a unique approach to funding.
How BlockDAG Surpassed Avalanche and Aptos
BlockDAG raised $387 million purely through retail demand, while Avalanche and Aptos relied on institutional investments that provided them with $230 million and $350 million, respectively. With over 200,000 holders, interest in the project is evident.
Why Analysts Believe in the $600M Target
Currently, BlockDAG is showing significant activity before its mainnet launch. The X1 Mobile Miner app has been downloaded over 3 million times, and 4,500 developers are working on over 300 decentralized applications, indicating that reaching the $600 million goal may be attainable.
Retail vs Venture: A Shift in Blockchain Funding
BlockDAG illustrates that broad community participation can create more robust foundations than venture capital funding. The project's success in raising capital and fostering active development demonstrates that it is prepared for launch with an established infrastructure.
BlockDAG has shown a new approach to funding in blockchain by raising more than $387 million through retail sales. This success, combined with active development and community support, positions BlockDAG as a leader among new Layer-1 projects.
