Constellation

Constellation, identified by the ticker DAG, is a Layer 1 distributed network that uses a Directed Acyclic Graph structure rather than a conventional chain of blocks. It is designed for developers and enterprises who need a system that can handle increasing transaction load without hitting the throughput ceiling that affects many traditional blockchains. The project describes its scaling approach as horizontal, meaning that adding more nodes to the network is intended to expand capacity rather than strain it.

Instead of ordering transactions in a single sequential chain, Constellation arranges them in a DAG, which allows multiple transactions to be processed in parallel across different paths of the graph. The network is built around a microservices architecture, meaning applications can be constructed as independent modules that communicate through defined interfaces and settle state on the DAG. The DAG token functions as the native unit of the network, used to pay for activity within the system, though the data on file does not specify the consensus algorithm in use or a fixed block time, as block time is recorded as zero.

The data provided does not include a fee revenue figure or a protocol fee stream, so fee-based measures such as fee yield or fee multiples are not available for Constellation on this site. The circulating supply stands at approximately 3.92 billion DAG tokens, representing 100 percent of supply issued as of the point-in-time measurement, and the dilution overhang is recorded at 0.000377 percent, indicating that the gap between circulating and fully diluted supply is negligible. There is no recorded pending supply, and the fully diluted value to market cap ratio sits at effectively 1.0, confirming that nearly all tokens that will ever exist are already in circulation. The 24-hour turnover rate of 1.832681 reflects trading volume relative to market capitalisation over that window.