BlockDAG Raises $379 Million, Positioned as a Leading Ethereum Alternative

BlockDAG has quietly amassed $379 million in funding, exceeding half of its $600 million presale target, placing it among the largest initial raises for blockchain projects in recent years. Only Ethereum and Solana reached similar fundraising figures during their early stages. This strong start is fueled by a focused strategy: secure capital, build infrastructure, attract users, and then emerge as a leader. 2.5 million users have already signed up for the X1 mobile miner app, highlighting this approach’s effectiveness.