BlockDAG is a crypto project that says it is building a hybrid DAG + Proof-of-Work network. According to the project, it is designed to prioritize scalability and security and claims throughput of up to 15,000 transactions per second (TPS), though real-world performance can vary by network conditions and implementation.
Project materials also state that its ongoing token sale has raised more than $406 million. The project says it has more than 312,000 token holders and describes its sale structure as community-funded, without venture-capital participation. Any figures and characterizations in this section are based on information published by the project and have not been independently verified here.
Reported adoption: mobile miner users and hardware shipments
BlockDAG’s team says its X1 Mobile Miner app has onboarded more than 3 million users globally and that it enables participation from smartphones. User counts and app activity metrics can be difficult to verify externally and may be reported using different definitions (for example, downloads vs. active users).
The project has also described a rollout of physical “X-series” mining devices (including models labeled X10, X30, and X100). It states that more than 19,900 units have been sold and are being shipped, and that production is scaling to 2,000 units per week. Shipping and production timelines are subject to operational and supply-chain constraints.
Taken together, the project presents its mobile app and physical miners as two participation options within its ecosystem. As with any mining-related product, actual participation outcomes depend on factors such as network parameters, device performance, electricity costs (for hardware), and changes to token economics.
Awakening testnet: planned network testing
BlockDAG says it plans to launch its “Awakening Testnet” on September 25. The project describes the testnet as a way to activate and stress-test core features, including blockchain activation, miner integration via the Stratum Protocol, explorer tools, vesting contract functionality, and groundwork for EIP-4337 smart accounts.
The team has said the testnet will be integrated with its mining hardware and mobile app. Testnets are typically used to evaluate performance and stability in a controlled environment and do not guarantee mainnet outcomes.
The project has not provided independent third-party audits or verification for the claims above within this article.
How BlockDAG is positioned relative to other networks
BlockDAG’s messaging positions the project as an alternative approach to scalability and reliability challenges that can affect blockchain networks. Comparisons to established chains should be interpreted cautiously because ecosystems differ significantly in maturity, decentralization, security assumptions, and real-world usage.
- Ethereum: Widely used smart-contract platform; users often cite transaction fees and congestion during peak demand as issues that scaling efforts aim to address.
- Solana: High-throughput network; reliability and operational resilience have been recurring discussion points for market participants.
- Avalanche: Multi-chain architecture with an active ecosystem; adoption and developer activity can vary over time and by use case.
BlockDAG’s reported figures on fundraising, holder counts, and miner-related distribution are presented by the project as indicators of early traction; readers should treat them as project-reported until independently confirmed.
Conclusion
BlockDAG says it has raised $406 million, reached more than 312,000 holders, onboarded 3 million-plus mobile miner users, and sold 19,900 hardware units. If accurate, these metrics would indicate notable early interest; however, they remain project-reported in this article.
The project also states that its token sale price is set at $0.0013 per BDAG during the current phase. Token sale pricing, future exchange listings, and any potential market performance are uncertain and depend on numerous factors, including broader market conditions, liquidity, and execution risk.
Website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
