Blockchain technology’s main struggle has been scalability. Bitcoin Cash tried to address this by enlarging block sizes, while Hyperliquid focused on enhancing speed and its DeFi features. However, both approaches still face old limitations.
BlockDAG (BDAG) chooses a novel path with a structural focus, merging DAG with Proof-of-Work to create a robust base that moves past the sequential bottlenecks of traditional chains. With the rise in crypto usage, sacrificing decentralization for throughput is no longer viable.
Bitcoin Cash: A Journey Through Changes and Achievements
Bitcoin Cash was born on August 1, 2017, as a direct split from Bitcoin, created by developers and miners to quicken transactions and cut costs by increasing the block size to 8 MB. This change enabled more transactions per block, tackling Bitcoin’s original scalability issues.
At launch, Bitcoin Cash traded at about $240 and soared to a peak of $4,355.62 on December 20, 2017. By August 23, 2018, it fell to around $519.12, showing the high volatility of the crypto market. As of March 24, 2025, its price stands at $332.19, much lower than its highest value.
With a market cap of around $6.6 billion and a circulating supply of 19,847,375 coins from a total of 21 million, Bitcoin Cash remains a significant crypto entity but struggles to keep its value and market standing.
Hyperliquid’s Swift Climb in the DeFi Arena
Hyperliquid introduced its token, HYPE, on November 29, 2024, by airdropping 31% of its 1 billion total supply to early users, without initial fundraising. Since its introduction, the platform quickly processed over 10,000 trades daily and grew to over 90,000 active users. Daily trade volumes hit $470 million, with total volumes nearing $1 trillion.
Despite its initial success, HYPE’s value has been volatile, peaking at $35 in December 2024 and dropping to $14 by March 2025. This drop in market cap from over $9 billion to $4.7 billion is tied to the broader crypto market’s downturn and concerns over token dilution from ongoing unlocks.
To enhance risk management, Hyperliquid raised margin requirements to 20% after a $4 million loss in its liquidity pool due to major liquidations. Still, the platform’s user base is nearing 400,000, showcasing its endurance and increasing importance in the DeFi space.
How BlockDAG Rethinks Blockchain Consensus
Traditional blockchain designs, groundbreaking at their start, are held back by their sequential process, funneling all transactions into a single line. This leads to slower transaction speeds, increased fees, and a bottleneck that curtails scalability. The sequential verification found in Proof-of-Work systems, like those of Bitcoin and the original Ethereum, causes inherent inefficiencies..
BlockDAG, however, transforms this framework by integrating a Directed Acyclic Graph (DAG) with Proof-of-Work, allowing for the simultaneous confirmation of multiple blocks. Transactions are processed concurrently along various paths, eliminating the queue entirely. This innovation not only boosts transaction capacity (achieving 2,000 transactions per second on the mainnet with a goal of 15,000 TPS) but also upholds decentralization and the proven security of Proof-of-Work.
CTO Jeremy Harkness explains, “Our hybrid consensus model merges the security and proven stability of Proof-of-Work with the agility and rapidity of a Directed Acyclic Graph.”
This method enhances the foundational principles of decentralization, designing an architecture ideal for expansive, trustless networks that need to scale without becoming centralized.
Moreover, the success of this approach is evidenced by significant numbers: $208 million raised in the presale without venture capital, over 19 billion coins distributed, and a ROI of 2,380% up to the latest batch priced at $0.0248 per coin. BlockDAG isn’t merely updating old systems—it’s pioneering a new benchmark in blockchain technology.
The Evolutionary Leap of BlockDAG in Blockchain Tech
While Bitcoin Cash enlarged block sizes to enhance scale and Hyperliquid sought to accelerate through financial tools, both remain tethered to traditional, linear structures. In stark contrast, BlockDAG shatters this old paradigm by combining Proof-of-Work with a Directed Acyclic Graph, heralding not just a technological advancement but a radical structural change. This dual approach enables efficient parallel processing, reduced fees, and robust decentralization.
As the demand on blockchains to accommodate real-world demands and complexity increases, the underlying architecture becomes crucial. BlockDAG doesn’t just refine existing models—it crafts the future. For those observing the evolution of Layer 1 protocols, the difference lies not merely in improved performance but in modern design.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu