Berachain – Blockchain of layer 1 identical EVM – has taken a new step this week.
Within 20 days of its main launch, Berachain exceeded large blockchains such as Suits, Avalanche and Arbitrum, in total locked value (TVL), after reaching $ 3.27 billion before retiring slightly. Berachain obtained the sixth position in DEFI TVL after the new feat before sliding seventh place just behind the base.
Berachain’s rapid growth and the expansion of the ecosystem
The latest figure exceeded $ 1.4 billion in SUPs and $ 1.23 billion in AVAX TVL. Despite most of the indigenous launch protocols – suggesting more in -depth growth potential – Berachain currently has a market capitalization of $ 700 million. It ranks among the first 100 on CoinMarketCap and is negotiated at $ 6.7 at the time of the editorial staff.
Meanwhile, Defilma’s data revealed that Berachain has exceeded other channels in terms of net borders in the last seven days.
According to market experts, this rapid ascent of Berachain has an asymmetrical bet with a significant potential.
Berachain’s expansion was fueled by major protocols. For example, the infrared finance liquid ignition platform is at the forefront, holding $ 1.52 billion on TVL. The decentralized Kodiak scholarship followed close to $ 1.1 billion, while the concrete of agricultural performance protocol contributed nearly $ 1.11 billion in locked assets.
Bera Airdrop Controversy
The Bera Foundation distributed Bera Airdrops to members of the community after the successful launch of the layer 1 network of the proof of liquidity on February 6. This was announced as one of the largest Airdrops in industry, covering 15.75% of its 500 million tokens to provide. But the airlines have triggered a community backlash on the unjust allowances perceived.
Despite the long -term engagement, testing users received only 1.65%, while Bong Bears Nft obtained 6.9%, which caused criticism of social platforms. The Berachain Foundation defended the distribution and cited targeting challenges.
Berachain became one of the most discussed crypto projects in Token 2049. In April, he collected $ 100 million in a B round in series B co-directed by Brevan Howard Digual Abu Dhabi Branch and Framework Ventures. The fund also witnessed the support of Polychain Capital, Hack VC and Tribe Capital. In a statement to Bloomberg, the co-founder of Berachain “Smokey the Bera” had said,
“We consider this increase as a major validation of our approach to build a blockchain which is based on comments from real users and developers, and resulting in the value of groups that really contribute to network growth.”
The company said that new funding would strengthen its presence in Hong Kong, Singapore, Southeast Asia, Latin America and Africa.
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