BlockDAG Beta Testnet Showcases Scalable Blockchain with DAG + PoW | 19B Coins Sold
Explore how BlockDAG’s Beta Testnet merges DAG architecture with Proof-of-Work to deliver a scalable blockchain solution. With over 19 billion coins sold and $210M raised, the project outpaces others facing security and performance hurdles.
DeFi Breach Wipes $13M, ETH Stuck at $2K — Meanwhile BlockDAG Beta Testnet Roars with $210M Raised!
Security flaws and scalability challenges continue to test the resilience of blockchain projects. Abracadabra’s recent $13 million exploit and Ethereum’s struggle to break resistance at $2,070 highlight the fragility and limits of established systems. While Ethereum aims to maintain upward momentum and DeFi platforms scramble to patch vulnerabilities, BlockDAG presents a different approach—one grounded in performance-first architecture.
Its Beta Testnet, “Primordial,” merges Proof-of-Work with DAG technology to deliver a scalable blockchain capable of parallel block processing and high throughput. As platforms wrestle with congestion and risk, BlockDAG’s focus on technical fundamentals sets it apart in today’s complex blockchain environment.
$13 Million Drained from Abracadabra in Arbitrum Exploit
A significant security breach has struck the decentralized finance (DeFi) sector, as Abracadabra/Spell’s cauldrons linked to GMX V2’s GM pools lost $13 million. Specifically, Cyvers Alerts reported multiple suspicious transactions on the Arbitrum network, culminating in the theft of 6,260 ETH. Subsequently, the stolen assets were swiftly transferred to the Ethereum network and dispersed across three wallet addresses.
Meanwhile, GMX, a decentralized exchange protocol, clarified that its contracts remained secure, attributing the vulnerability solely to Abracadabra/Spell’s cauldrons, which facilitate borrowing against GM liquidity tokens. Moreover, GMX’s team, alongside Spell contributors and security researchers, is actively investigating the exploit’s root cause.
In addition, Abracadabra.money, the platform behind Spell, allows users to mint its USD-pegged stablecoin, Magic Internet Money (MIM). The SPELL token, an Ethereum-based governance token for Abracadabra, has a circulating supply exceeding 83 billion tokens.
Ethereum’s Ascent: Eyeing the $2,070 Threshold
Ethereum’s price is currently consolidating, exhibiting sideways movement as it gathers the strength to challenge the formidable $2,070 resistance level. Importantly, this consolidation phase is underpinned by its alignment with a short-term upward correctional trend line, offering a supportive foundation for potential upward momentum.
Additionally, adding to this bullish outlook, Ethereum is trading above the 50-candle Simple Moving Average (SMA), a technical indicator often associated with sustained upward trends. Furthermore, the Stochastic oscillator, a momentum indicator, has recently signaled oversold conditions. As a result, this suggests that selling pressure may be waning, potentially paving the way for buyers to take control and drive the price higher.
BlockDAG Beta Merges DAG Architecture with Secure PoW for Scalable Blockchain Future
BlockDAG’s Beta Testnet, “Primordial,” marks a notable evolution for Proof-of-Work (PoW) systems, addressing the long-standing challenge of scalability without compromising on decentralization or security. Specifically, by integrating Directed Acyclic Graph (DAG) architecture with a PoW-based GHOSTDAG consensus, BlockDAG achieves parallel block processing and near-instant finality—setting a new benchmark for high-throughput networks.
In contrast to traditional PoW chains that process one block at a time and suffer congestion under load, BlockDAG’s structure enables multiple blocks to be confirmed simultaneously. Consequently, this delivers a projected throughput of over 2,000 transactions per second (TPS) and fair block ordering through its GHOSTDAG protocol. Meanwhile, developers benefit from full EVM compatibility, making smart contract deployment seamless, while miners and node operators are supported with simple onboarding, live documentation, and strong incentives.
Furthermore, BlockDAG’s approach to scalability has resonated strongly with the market. Its ongoing presale has already raised $210 million, now in batch 27 with a price of $0.0248 per BDAG. With over 19 billion coins sold and a return on investment of 2,380% since batch 1, early adopters are clearly buying into the long-term potential.
Finally, the Beta Testnet is not just a technical trial—it’s a performance benchmark, community engagement hub, and developer proving ground all in one. With robust testnet incentives, real BDAG rewards, and over 110,000 investors already integrated into the vesting contract, BlockDAG is positioning itself as a serious PoW upgrade—without abandoning what made the model secure and reliable in the first place.
Architecture Matters Now More Than Ever
The recent exploit affecting Abracadabra and Ethereum’s ongoing price consolidation are reminders that architecture—not just ambition—defines a blockchain’s ability to scale and endure. As networks expand and user demands grow, systems built on outdated frameworks face increasing strain.
BlockDAG’s Beta Testnet offers a practical alternative, blending the reliability of Proof-of-Work with the efficiency of DAG to meet real-world usage demands. Its strong presale traction, parallel processing capability, and developer incentives reflect a design that prioritizes performance and sustainability. While others work to adapt, BlockDAG is testing what many platforms are still theorizing—what a scalable blockchain should actually look like.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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