If you’re scanning the top 50 crypto analysis charts for the next breakout name, you’ve probably noticed a shift. One former giant, Internet Computer (ICP), is quietly slipping from relevance, while a fast-rising challenger, BlockDAG (BDAG), is racing straight toward the spotlight.
Once worth more than $45 billion, ICP now trades 98% below its peak, its grand vision of a decentralized internet dulled by slow growth and limited adoption. Meanwhile, BlockDAG is doing something the industry rarely sees: it’s building real usage before launch.
Why the Market Is Paying Attention
Investors are watching BlockDAG because it’s combining credibility with FOMO energy. The project’s blend of hardware, mobile mining, and smart-contract compatibility gives it multiple use cases across DeFi, gaming, and enterprise sectors.
ICP once promised to “reinvent the internet.” BlockDAG is actually building it layer by layer, miner by miner. Its F1® branding ensures visibility, and its transparent ecosystem metrics attract both crypto veterans and newcomers. The market rarely gives a project this much traction before launch, and those who miss this phase may spend the next bull cycle wishing they hadn’t.
ICP had its moment. But as of 2025, that moment is fading. The decentralized internet dream is now overshadowed by declining participation and weaker technical follow-through. BlockDAG, on the other hand, is writing a very different story, one defined by live metrics, verifiable hardware, and unstoppable momentum.
With over $430 million raised, 27 billion coins sold, and 3 million+ miners already live, it’s the project analysts now call the next mid-cap disruptor. And the numbers suggest ICP’s Top 40 seat may not last much longer.
ICP’s Slide from Glory
Backed by the DFINITY Foundation, Internet Computer debuted in 2021 as a full-stack blockchain meant to replace traditional web servers. Hype was sky-high. Its token soared past $400, briefly ranking among the Top 10 cryptos. Then came the crash.
By 2025, ICP had erased over 98% of its value, its market cap hovering around $2 billion. Developer engagement, once a strength, has stalled. According to Electric Capital’s 2024 Developer Report, ICP recorded less than 10 percent growth in active coders, far behind ecosystems like Ethereum, Solana, and even new chains such as Sui and Aptos.
Without strong developer traction, innovation slowed, community chatter faded, and daily activity declined. Analysts remain divided: a few see a speculative rebound to $10–15, while most argue the fundamentals no longer justify its valuation. ICP’s ranking inside the Top 40 now looks fragile, and the next market rotation could push it out completely.
BlockDAG’s Momentum: Real Numbers, Real Users!
While ICP is struggling to prove relevance, BlockDAG is turning proof-of-concept into proof-of-performance. Its hybrid Proof-of-Work + Directed Acyclic Graph (DAG) structure is already active across a live ecosystem, something unheard of for a project still in presale.
Here’s what’s already running:
- 3.5 million+ mobile miners using the X1 app daily
- 20,000+ hardware miners (X10, X30, X100) shipped worldwide
- Explorer, Dashboard V4, and trading simulator live
- EVM + WASM compatibility for cross-platform smart-contract deployment
- Stratum Protocol miner sync and Smart Accounts (EIP-4337) are in development
That’s not a roadmap, it’s an operational network. At a time when most presales promise future delivery, BlockDAG is showing it now.
Moreover, BlockDAG is preparing for a landmark moment with its upcoming AMA on Binance this Friday, October 24, at 3 PM UTC. The session will deliver insider updates, fresh roadmap reveals, and key insights leading into Keynote 4: The Launch Note and GENESIS DAY. With BDAG still priced at $0.0015 in Batch 31, buyers can use code “TGE” to maximize returns before the dashboard upgrade and price increase.
Its presale figures tell the same story: $430 million raised, 27 billion+ coins sold, and 312,000+ holders registered ahead of Genesis Day (November 26). Plus, the project’s TGE code gives buyers a limited-time $0.0015 entry, unlocking a massive advantage as the official Batch 31 sits at $0.0304. Early buyers who joined in batch 1 have already seen a 2940% ROI so far!
Add a headline partnership with the BWT Alpine Formula 1® Team, complete with global activations in Singapore and Austin, and BlockDAG is already reaching audiences that legacy blockchains only dream about.
Could BlockDAG Replace ICP in the Top 40?
The numbers say yes, and sooner than many expect. To claim a Top 40 position, BlockDAG would need a market cap between $1.7 billion and $2.1 billion, depending on market volatility. With over $430 million already secured and multiple CEX listings confirmed post-TGE, that target looks entirely achievable.
The biggest difference lies in activity-led valuation. ICP’s market cap is still anchored in legacy hype, while BlockDAG’s value comes from millions of users generating Proof-of-Engagement data every day. Its hybrid PoW + DAG model combines scalability with decentralization, something ICP’s architecture has yet to demonstrate effectively.
GitHub commits, developer growth, and ecosystem launches all show the same trend: ICP is slowing; BlockDAG is accelerating. Every batch price increase adds urgency, and the leaderboard-based TGE system rewards early participation with faster airdrop unlocks. Momentum is measurable, and sentiment is shifting accordingly.
If BlockDAG’s user base keeps growing at its current rate, analysts believe it could enter the Top 40 immediately post-launch and threaten the Top 25 by mid-2026. In contrast, ICP may continue its gradual slide unless it delivers a major ecosystem reboot.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
