Blockchain projects Shib and TON see a surge following the unveiling of a speed boost in Keynote 3 of BlockDAG.
BlockDAG, a promising new blockchain project, is gearing up for its mainnet launch this year. The project has successfully raised over $376 million in its presale, making it one of the largest recent blockchain fundraises.
BlockDAG utilises a hybrid Directed Acyclic Graph (DAG) plus Proof-of-Work architecture, designed to tackle the blockchain trilemma by enabling parallel transactions while maintaining security. It also supports full Ethereum Virtual Machine (EVM) compatibility, facilitating the easy migration of Ethereum-based applications.
Key Features and Adoption
With over 2.5 million users actively engaged through its X1 mobile app and more than 19,000 mining devices sold pre-launch, BlockDAG shows strong adoption. Moreover, over 4,500 developers are building 300+ decentralized applications in anticipation of the mainnet.
A demo trading platform has been introduced ahead of the official launch, allowing participants to practice trading with real-time data without financial risk. This enhances liquidity and market readiness upon launch. Extensive audits have been completed by reputable firms such as Halborn and CertiK, adding security assurance before mainnet activation.
Impact on the Cryptocurrency Market
BlockDAG's advanced architecture and large pre-launch user/developer base position it as a strong competitor to established projects like Avalanche, Pi Network, and Binance Coin. Many analysts forecast substantial price appreciation, with some predicting over 3,500% gains post-listing.
The $600 million fundraising goal and current $376 million raised highlight significant investor confidence and market interest. Through a transparent and community-driven approach, BlockDAG aims to stabilise market volatility and retain long-term value beyond the mainnet launch.
Its combination of high throughput, security, EVM compatibility, and real-time market tools may accelerate mass adoption and developer migration, potentially reshaping Layer-1 blockchain competition in 2025 and beyond.
Other Notable Developments
Recent beta testnet results validate BlockDAG's claims of achieving over 2,000 transactions per second (TPS) and scalability up to 15,000 TPS. Active governance tools will be added to the mainnet, empowering users to vote and propose protocol changes.
BlockDAG's mainnet will introduce a full DeFi suite featuring staking, swaps, bridges, and lending. Large transaction volumes of 9.03 billion TON tokens, valued at approximately $34.28 billion, have been observed.
Shiba Inu Price Analysis
In a separate development, the Shiba Inu price analysis indicates resistance at $0.00001180 and support around $0.00001080. A recent surge to $0.00001149 was seen after whales acquired 874 billion SHIB tokens. Sustained upward movement for Shiba Inu depends on breaking the $0.00001180 resistance with strong volume.
In conclusion, BlockDAG is on track for its 2025 mainnet launch with strong financial backing, community support, and technical innovation. This could lead to significant influence and competitive pressure in the cryptocurrency market.
[1] BlockDAG Official Website: www.blockdag.io [2] BlockDAG Whitepaper: www.blockdag.io/whitepaper [3] BlockDAG Roadmap: www.blockdag.io/roadmap [4] BlockDAG Presale Details: www.blockdag.io/presale [5] BlockDAG Community: t.me/blockdagio
- BlockDAG, a blockchain project armed with over $376 million in funding, utilizes a hybrid DAG plus Proof-of-Work architecture and is compatible with Ethereum's Virtual Machine, aiming to deliver a high throughput, secure, and EVM-compatible platform for the mass adoption of decentralized applications.
- Leveraging blockchain technology and Defi properties, BlockDAG's mainnet launch will introduce a full suite of DeFi features, including staking, swaps, bridges, and lending, underpinned by active governance tools that empower users to vote and propose protocol changes.
