BlockDAG Raises $299 Million, ADA Faces Competition From Solana & DeFi Push

The crypto market is witnessing a shift as established players like Cardano (ADA) and Solana (SOL) vie for relevance with new developments and growth forecasts. While Cardano plans a $100 million DeFi injection, its impact on the market has been limited. Solana’s price is predicted to rise towards $200, supported by developer interest and user growth. However, BlockDAG, a project in presale with substantial funding ($299 million), is gaining attention due to its tangible progress and real-world engagement. 2.5 million users are already engaged with its X1 mobile app, mining BDAG tokens before launch. This unique approach stands out from Cardano’s proposals or Solana’s trading activity, demonstrating BlockDAG’s focus on user adoption. ]