币界网报道：Background: Tezos, Filecoin, and Polkadot were once the leading projects in ICO financing in the cryptocurrency field, raising hundreds of millions of dollars between 2017 and 2020, laying the foundation for the status of blockchain infrastructure. Main Events: In 2025, BlockDAG surpassed the ICO records of Tezos ($232 million), Filecoin ($233 million), and Polkadot ($145 million) with a fundraising amount of more than $299 million. BlockDAG raises funds entirely through public pre-sales, has no risk of legal disputes, no risk of venture capital support, and has an active product-X1 mobile mining application, with more than 1.5 million users. Potential Impact: BlockDAG's success marks the crypto market's shift from venture capital-led projects to a retail investor-driven model, emphasizing transparency, fairness, and actual product support. Its DAG-based architecture has the advantages of speed, security, and scalability, and the pre-sale price is still low, with huge potential for future investment returns. The project aims to raise $600 million, plans to build a large liquidity pool and a large user base, and promote the development of the blockchain ecosystem.