BlockDAG Raises $383 Million, Aiming to Shake Up the Layer-1 Landscape

A new contender has entered the race for blockchain supremacy: BlockDAG. This project blends Directed Acyclic Graph (DAG) scalability with Proof-of-Work (PoW) security, raking in over $383 million during its presale. This figure surpasses the fundraising totals of Avalanche and Aptos, placing it among the largest grassroots-backed efforts in crypto history. Now, analysts are debating whether BlockDAG will truly challenge Ethereum and Solana, or if its initial success will fade with market hype.