This year, many crypto users say they are prioritizing projects that show tangible progress, rather than relying on early marketing or unfinished documentation. BlockDAG (BDAG) is one of several projects presenting recent development updates.
BlockDAG states that it has raised nearly $410M, sold 26.3B tokens, shipped 19,900+ mining devices, and reached over 3M users for its X1 mobile miner app. The project has also announced the launch of its “Awakening Testnet” on September 25.
As other Layer 1 networks compete for attention, BlockDAG describes its design as a hybrid architecture with mining support and planned smart contract functionality. Any comparisons to established networks such as Solana or Avalanche are inherently speculative and depend on execution, adoption, and broader market conditions.
Awakening Testnet: Demonstrating Development Milestones
The crypto market has seen projects delay or discontinue planned launches. BlockDAG says the Awakening Testnet is a step toward a future mainnet release and is intended as a public testing phase rather than a final production deployment.
According to the project, the testnet activates core infrastructure to enable stress testing, transactions, and integrations. It is positioned as a preview environment for evaluating features before any mainnet launch.
Key features listed by the project include:
- Core Blockchain Activation: Bringing the DAG-based chain online.
- UTXO Removal: Simplifying ledger operations for better throughput.
- Explorer + Tooling: Offering live blockchain data tracking.
- Account Abstraction: Preparing the chain for future dApp and smart contract use.
- Refined Vesting Contracts: Supporting token distribution mechanics.
- Stratum Miner Integration: Linking X10 miners to the network.
- EIP-4337 Groundwork: Laying a foundation for smart accounts and upgradability.
BlockDAG also says the testnet will be open to its user base, including users of its miners and the X1 app. As with any early-stage network, performance, security, and reliability claims should be treated as provisional until independently verified.
X-Series Miners: Hardware Linked to Network Activity
BlockDAG says its progress is supported by physical X-Series mining devices (X10, X30, and X100) that are intended to contribute hashpower to the network. Any potential token earnings from mining depend on multiple variables, including network conditions, difficulty, uptime, fees, and the market price of the token, and should not be treated as predictable.
The project reports that X10 devices are active in more than 130 countries and that hardware production continues. It also states that X30 deliveries have started and that the X100 is in a beta stage. BlockDAG says the devices are designed with energy-efficient ASICs for its network and can be managed through the X1 app.
If widely deployed as described, such devices could increase network participation and decentralization. However, the scale and impact of mining participation can change over time and should be evaluated using on-chain data and independent analysis.
Project-Reported Metrics
BlockDAG’s public materials cite fundraising, user, and community figures as indicators of traction. The project reports raising almost $410 million, with over 312,000 unique holders and 1,000+ new wallet addresses per day. It also states that its online community totals 325,000+ members across social platforms. These figures have not been independently verified in this article.
The project also says its ecosystem activity includes ongoing miner shipments, continued growth for the X1 app, and an upcoming Singapore deployment event with Coinstore. BlockDAG has published token-sale pricing at various stages; any future market price, listing status, or liquidity conditions are uncertain and depend on third-party decisions and market dynamics.
As with other early-stage crypto projects, prospective participants typically consider documentation, token distribution terms, technical audits (if available), and the operational status of any network components.
Final Takeaway
BlockDAG positions itself as an early-stage Layer 1 project with mining hardware, a public testnet phase, and a growing user community. Its broader claims about scalability and ecosystem readiness remain dependent on real-world performance, security outcomes, and sustained adoption.
The announced Awakening Testnet, reported hardware shipments, and the project’s stated fundraising totals are among the key updates cited by BlockDAG. Independent verification and ongoing monitoring will be important as the project progresses.
- Project website (for reference): https://blockdag.network
- Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. Crypto assets are high risk, and information shared by projects (including token-sale details) should be independently verified where possible.
