what's berachain?
Berachain is an EVM-identical Layer 1 blockchain designed to enhance liquidity and security in decentralized finance through its novel Proof-of-Liquidity (PoL) consensus mechanism. This approach incentivizes validators to provide liquidity to ecosystem projects, aligning network security with DeFi activity and reducing fragmentation across chains. The native token, BERA, facilitates governance, staking, and transaction fees, while HONEY serves as the gas token minted via liquidity provision. Key features include seamless EVM compatibility for easy dApp migration, support for high-throughput transactions, and an expanding ecosystem with DeFi protocols, NFTs, and recent integrations like GMX Multichain for cross-chain trading. Berachain's mainnet launched in early 2025, focusing on community-driven growth through events, regional expansions such as Korea, and incentive programs via reward vaults like plvLOOP, plvDOLO, and plvHEDGE. The project emphasizes bear-themed branding and has seen milestones like significant trading volume resurgences amid market volatility.
Berachain's WBERA-HONEY pool on BEX reached $263K TVL, 7.59% APR.
WBERA-HONEY liquidity pool on BEX reaches $263K TVL with 7.59% current APR.
Jack Melnick departed from the team on April 3, 2026.
Steady Teddys NFT collection left the Berachain ecosystem
Participated in Orderly Network's "I 💜 Perps" trading competition with $35,000+ in rewards, starting April 1st, 2026, through native liquidity hub KodiakFi.
Distributed $800 to hiBERO holders in Epoch 59.
Listed on SBI VC Trade exchange in Japan as the first spot listing for $BERA in that market.
Raised Series B funding round at a $1.5 billion valuation, totaling $310 million.
The ORIBGT leveraged farming pool on Berachain has reached $2.06M in TVL with a current APY of 55.00%.
Has 5,300 daily active users with a market cap of $134 million.
Integrated with TermMaxFi to enable fixed-rate HONEY borrowing against siBERA collateral.
Holds 3,081 BTC on its network.
Circulating supply increased from 12.7% to 30.2% of total supply since token generation event.
Polychain's vested BERA allocation becomes liquid during the week of February 16-22, 2026, releasing previously locked investor supply into circulation.
Infrared launched a Dutch auction mechanism for BGT emissions on February 14, 2026, allowing protocols to bid for emissions allocation.
Experienced 17% price decline to $350M fully diluted valuation on February 13, 2026.
Ranked fourth globally in 24-hour perpetuals trading volume with approximately $2.94 billion on February 11, 2026, behind BTC, ETH, and SOL.
Binance accounted for approximately 60% of BERA perpetuals trading activity, followed by OKX at 16% and Bybit at 15%.
Ranked third globally by 24-hour liquidation volume after BTC and ETH, recording roughly $9.58 million in liquidations, with nearly 65% being short liquidations.
Integrated with Llama meta-aggregator, enabling swaps on the network.
Enabled staking of iBERA on BeraHub in the Proof of Liquidity BERA Yield Module, allowing users to earn PoL incentives and iBERA yield simultaneously.
Reached $1.50 price on February 11, 2026, representing a 210% surge, as refund concerns diminished and a new revenue strategy introduced.
Unlocked $28M worth of tokens on 2026-02-06, representing 41.7% of circulating supply.
Doubled in value over one week, increased 73% in 24 hours ending 2026-02-12. Ranked as the second-largest weekly gainer with an 81.82% price increase.
Listed on Binance exchange.
Listed as a hot coin alongside ME and WhiteWhale in market coverage.
Surged 160% to $440M FDV on unlock day, driven by short squeeze and open interest increase.
Perpetual futures contracts trading at $0.95 on Binance while spot price trades at $1.25, creating a significant discount of approximately 24%.
Listed at a fully diluted valuation above $4 billion.
OlympusDAO proposes to liquidate BERA holdings from its treasury.
Achieved $650K TVL in the KODIWETH-WBERA liquidity pool on BeraPaw DEX, with a current APY of 50.58% and 30-day average APY of 49.87%.
Circulating supply API is reporting approximately 50 million BERA higher than actual supply due to a technical error, with correction in progress.
Grew supply 51.2% over last 30 days (ending March 10, 2026). Unlocks 63.75M BERA ($253M) on Feb 7, 2026 (41.7% of supply), and team wallet vesting began in February 2026, contributing to 188% 2026 supply expansion.
Integrated with 0x Protocol for cross-chain swaps and liquidity aggregation in 2025.
Generated $6.1K in revenue over the 30-day period ending around January 21, 2026.
Proposed to reduce inflation to 5% through a governance proposal submitted by the Bera Labs team on January 15, 2026.
Staked 25 million BERA, a record high following inflation cuts and token unlocks.
shared end-of-year updates on January 14, 2026
Generated $390 million in trading volume and $102,000 in fees on Kodiak Finance (a perpetual DEX built on Berachain) during the period from December 13, 2025 to January 12, 2026, ranking first among Orderly-deployed Perp DEXs.
Integrated with Credifi, a DeFi credit protocol offering unsecured personal loans with funds disbursed via bank transfers or crypto.
Zero-fee swaps into Berachain tokens are available through RocketX during December 2025.
Investor Shima Capital, which holds a position in berachain, faces SEC lawsuit alleging fraud and its founder plans to wind down the fund.
Equilibria protocol integration enables iBGT holders to earn over 100% boosted APY with automatic 2x Infrared Points stacking on positions.
Berachain holds 0.81% mindshare ranking 14th out of 20 major blockchain ecosystems in 2025.
Market observers note comparatively poor performance of recently launched L1s including Berachain, with the premium for L1 blockchains wearing off this cycle.
Implements chain-level censorship interventions following a Balancer hack; Holdstation supports $HOLD token staking and holding on Berachain following a security incident on 2026-02-25.
Infrared Finance, a liquid staking protocol on the chain, conducts its Token Generation Event on December 17.
Greenlane adds $8M BERA to Berachain strategy, leveraging Proof of Liquidity mechanics.
iBERA integrates with BitGo as the first and only LST with a qualified custodian on the chain, enabling institutional investors to stake BERA through standard crypto custody.
Receives 20% oDOLO incentives from Dolomite's DIP-04 proposal for HONEY, USDC, BERA, WBTC, and ETH holders. BERA holders receive weekly oDOLO distributions every Thursday, as incentives rebalance across Arbitrum (40%), Ethereum (35%), Berachain (20%), and Botanix (5%).
Rhea protocol launches on the chain with USDT0 support, enabling cross-chain lending and borrowing where users can supply Tether for yield or borrow USDT0 using collateral from other chains.
Launches dedicated emissions streams for dApps to monetize block rewards via Proof of Liquidity. Schedules governance discussions to address PoL efficiency, planning removal of self-farming and vanity TVL vaults, ahead of PoL vNext going live soon with initial case studies.
BYUSD iVault migrates from BEX to KodiakFi, requiring all users to manually migrate their funds to continue earning rewards.
Research shows over $10M spent on conference-related expenses including nightlife venues and entertainment activities.
Project raised $200m in funding and conducted additional fundraising for a DAT.
Token migration from $ber to $BER is underway on PumpFun platform via MigrateFun with 13 days remaining to complete the migration.
Greenlane purchased $8 million BERA tokens on March 5th, 2026.
Reflexivity Research reports a hardfork as a contributing factor to current DeFi stress conditions.
Price declined 92% since 2025 launch; fully diluted valuation declined 93% from initial token generation event level.
DAT treasury holds majority of assets in cash and stables with plans to buy more BERA tokens.
Infrared Finance holds $300M TVL and raised $19M from Framework Ventures and YZI Labs, with upcoming iVaults launch and cross-chain expansion as catalysts; the post is sponsored by Infrared.
TVL declined approximately 88% from $2.19B two weeks post-launch to current $267M, ranking 23rd among chains by TVL.
Infrared Finance announces upcoming TGE for $IR token; the protocol operates as the main infrastructure provider for Berachain's Proof-of-Liquidity with $50m+ annualized revenue and 35%+ BGT emissions control, with backing from Framework, Binance/YZi, Animoca, and Hack VC.
InfraredFinance TGE coming soon for $IR token, with the protocol generating $50m+ annualized product revenue and integrating BitGo custody for iBERA.
Build A Bera serves as incubator for JOY, a GameFi hardware publisher developing the JOY Genesis gaming console, with additional backing from Venture Launch (Solana), Laser Digital/Nomura, Somnia, Incentiv, and Moonbeam.
Berachain's gaming suite is listed as an external partner for JOY Genesis, a Web3 gaming console and GameFi hardware publisher, alongside Star Atlas, Avalon, and World of Dypians.
Former team member and Berabaddie Cami departs from the project and later publicly states she never believed the technology was special, describing it as only hype and timing, representing negative insider sentiment and potential reputational damage.
Some ecosystem projects bot their posts and pay KOLs ahead of upcoming TGEs.
InfraredFinance ends its points program after dominating BGT emissions and covering almost every PoL vault on Berachain, with the protocol completing its build phase.
oDOLO_rewards.exe program goes live for holders of HONEY, USDC, BERA, WBTC, USD1, srUSD, BYUSD, and ETH.
Infrared Finance generates $53M+ in annualized product revenue and $4M in infrastructure revenue, controls 35%+ of all BGT emissions, and covers 165+ PoL vaults representing 87% of the network.
Epoch 43 distributes $14k to hiBERO holders while BERO/WBERA farm offers 78% APR. Bivot RV receives governance approval and moves to implementation phase.
Infrared Finance raised $18M from Binance Labs, Framework, and Animoca, and ended its points program in November. The protocol represents 75% of Berachain's TVL and generated $8.3M in protocol revenue.
Infrared Finance partners with T1 entities PayPal, BitGo, Dolomite, Pendle, and Euler, secures one third of all staked BERA, and plans multi-chain expansion through iVault strategies.
USDe serves as the 100% backing asset for HONEY stablecoin. Goldilend protocol offers over 150% yields on stablecoins.
The protocol has distributed over $30m in PoL incentives to tokenholders and plans to incorporate direct revenue drivers into its future strategy, with business-related announcements teased as coming soon.
Infrared Finance peaked at over 2B TVL ahead of its upcoming TGE.
Infrared Finance, the largest protocol on the chain, generates around $50m in annualized revenue and is backed by YZI Labs ahead of its upcoming TGE.
A second bailout for Balancer is discussed following the initial hard fork response to the hack.
Infrared Finance TGE approaches, described as the base layer of the economic engine for the ecosystem.
plvHEDGE, a delta-neutral hedging product, launches on Berachain alongside Arbitrum and Superseed.
The token experienced a 92% price decline so far this year.
The protocol executed a hard fork as a direct response to the Balancer hack which exploited over $120 million.
The project's approach to treasury management and incentive distribution is characterized as wasteful and inefficient compared to competitor strategies.
The project disputes claims of Nova refund rights.
The team is in the market for teams building revenue-generating products that can be integrated within the protocol and invites interested parties to reach out directly.
The project added a seven-figure annualized revenue stream over the past couple months and is in late stages of adding a second revenue stream.
Bera NFTs experience their first liquidation events, with the largest liquidation event recorded so far.
The token launch performed poorly and trended downward, characterized as one of several L1/L2 launches in the past 1-2 years that "went horribly and down only."
A community vote results in a credibility score downgrade from 1649 to 1470, with 76% of participants voting to slash the rating after a 48-hour voting period.
Nova Digital holds a $25 million refund right related to a deal involving Brevan Howard, with crypto podcast hosts characterizing the arrangement as unusual.
Real-world e-commerce sales data integration is coming on-chain, though the feature is not yet fully live.
Community allegations surface that an individual associated with miberas NFT collection extracted $2 million and abandoned the project for extended periods without supporting the floor price.
oDOLO rewards program distributes weekly rewards every Thursday to holders of HONEY, USDC, BERA, WBTC, USD1, srUSD, BYUSD, and ETH.
TVL drops 85% since mainnet launch due to withdrawals from Boyco pre-launch deposit program, while token price falls over 90% from launch highs.
An Ethos Network slash proposal targets parties involved in reporting on the commercial agreements controversy, escalating the dispute to on-chain governance action.
The project faces a 200 credibility score penalty for violating skin-in-the-game principles by hiding misaligned incentives. CEO disputes accuracy of Brevan Howard refund reporting, but journalist Kubinec maintains no factual errors were challenged in the response.
LiquidRoyalty tokenized royalty streams launch scheduled for Black Friday, bringing real-world revenues onchain.
A contradiction emerges between Berachain's official statement and leaked refund agreement terms; the official explanation states the refund clause applies if TGE fails to complete, while the actual clause document shows refund rights extend one year post-TGE completion, raising transparency concerns about the official response.
24-hour revenue totals $987, showing extremely low operational performance metrics.
The investor refund provision includes a $3 price target by February; failure to reach this level makes the $25M refund financially advantageous for Nova Digital to exercise.