berachain17
$bera
MCAP122.61M
-9.47%

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.

Snapshot

Berachain sees $4B+ valuation, $650K TVL in KODIWETH-WBERA pool with 50%+ APY.

1D ago
PARTNERSHIP

Integrated with TermMaxFi to enable fixed-rate HONEY borrowing against siBERA collateral.

2D ago
ONCHAIN METRICS

Holds 3,081 BTC on its network.

5D ago
TOKEN ECONOMICS

Circulating supply increased from 12.7% to 30.2% of total supply since token generation event.

1W ago
TOKEN ECONOMICS

Polychain's vested BERA allocation becomes liquid during the week of February 16-22, 2026, releasing previously locked investor supply into circulation.

TOKEN ECONOMICS

Infrared launched a Dutch auction mechanism for BGT emissions on February 14, 2026, allowing protocols to bid for emissions allocation.

2W ago
MARKET ACTIVITY

Experienced 17% price decline to $350M fully diluted valuation on February 13, 2026.

MARKET ACTIVITY

Binance accounted for approximately 60% of BERA perpetuals trading activity, followed by OKX at 16% and Bybit at 15%.

MARKET ACTIVITY

Ranked fourth globally in 24-hour perpetuals trading volume with approximately $2.94 billion on February 11, 2026, behind BTC, ETH, and SOL.

MARKET ACTIVITY

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.

PARTNERSHIP

Integrated with Llama meta-aggregator, enabling swaps on the network.

TECH EVENT

Enabled staking of iBERA on BeraHub in the Proof of Liquidity BERA Yield Module, allowing users to earn PoL incentives and iBERA yield simultaneously.

MARKET ACTIVITY

Reached $1.50 price on February 11, 2026, representing a 210% surge, as refund concerns diminished and a new revenue strategy introduced.

TOKEN ECONOMICS

Unlocked $28M worth of tokens on 2026-02-06, representing 41.7% of circulating supply.

MARKET ACTIVITY

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.

MARKET ACTIVITY

Listed on Binance exchange.

VISIBILITY EVENT

Listed as a hot coin alongside ME and WhiteWhale in market coverage.

MARKET ACTIVITY

Surged 160% to $440M FDV on unlock day, driven by short squeeze and open interest increase.

MARKET ACTIVITY

Perpetual futures contracts trading at $0.95 on Binance while spot price trades at $1.25, creating a significant discount of approximately 24%.

3W ago
MARKET ACTIVITY

Listed at a fully diluted valuation above $4 billion.

PARTNERSHIP

OlympusDAO proposes to liquidate BERA holdings from its treasury.

ONCHAIN METRICS

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%.

TOKEN ECONOMICS

Circulating supply API is reporting approximately 50 million BERA higher than actual supply due to a technical error, with correction in progress.

1M ago
TOKEN ECONOMICS

Unlocked 63.75M BERA tokens on February 7th, 2026, valued at $253M, representing 41.7% of circulating supply. Circulating supply expands by 188% in 2026.

PARTNERSHIP

Integrated with 0x Protocol for cross-chain swaps and liquidity aggregation in 2025.

ONCHAIN METRICS

Generated $6.1K in revenue over the 30-day period ending around January 21, 2026.

TOKEN ECONOMICS

Proposed to reduce inflation to 5% through a governance proposal submitted by the Bera Labs team on January 15, 2026.

ONCHAIN METRICS

achieved a record 25 million BERA staked

VISIBILITY EVENT

shared end-of-year updates on January 14, 2026

ONCHAIN METRICS

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.

2M ago
PARTNERSHIP

Integrated with Credifi, a DeFi credit protocol offering unsecured personal loans with funds disbursed via bank transfers or crypto.

MARKET ACTIVITY

Zero-fee swaps into Berachain tokens are available through RocketX during December 2025.

RISK ALERT

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.

Berachain implements chain-level censorship interventions in response to a Balancer hack affecting the network, similar to actions taken by Sonic Chain. (ID: 2000520856666350005)

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.

New oDOLO rewards become available to holders of eight different tokens including HONEY, USDC, BERA, WBTC, USD1, srUSD, BYUSD, and ETH.

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.

Governance discussions scheduled to address PoL efficiency with plans to remove self-farming vaults, eliminate vanity TVL vaults, and implement PoL mechanism changes targeting more than $1 protocol return per $1 BGT emission.

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 purchases $8 million worth of BERA tokens.

Reflexivity Research reports a hardfork as a contributing factor to current DeFi stress conditions.

Price declined 92% since launch in 2025; 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.

3M ago

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.

The project raised a total of $200M in funding, and the token experienced a 90% decline for retail users post-launch. Beyond the Brevan Howard deal, the project made multiple undisclosed deals with trading firms and sold locked tokens to a DAT, contradicting claims that tokens were locked.

Holdstation integrates Chainlink CCIP to enable cross-chain transfers of HOLD token across BNB Chain, Berachain, and zkSync with 1:1 swap ratio and zero migration fees. The integration makes Holdstation a Chainlink Build member with seamless multichain functionality including the ecosystem.

Token Generation Event set for February 6, 2025. CEO Smokey The Bera officially states no other Series B purchasers were issued MFN clauses beyond Brevan Howard.

Official team response confirms Brevan Howard's Nova fund remains one of the largest tokenholders and increased BERA exposure over time by purchasing additional tokens on open markets beyond their Series B allocation. The team explains the $25M refund provision was required by Nova's compliance team for their liquid-only fund strategy in case of failed TGE, not to prevent post-launch losses, and Nova remains a locked tokenholder.

The project executes a VC rebate equal to 19% of Wildcat's TVL.

Leaked documents reveal Berachain granted Brevan Howard's Nova Digital fund a $25M refund right on its Series B investment, allowing the VC to reclaim the entire investment one year after TGE while other investors were kept uninformed, raising potential legal concerns.

KodiakFi, the native liquidity platform, experiences a 62% TVL jump to $154M, marking the strongest single-day increase among protocols.

TVL increased 27.89% in the past 24 hours to reach $271.44M, outperforming other chains which posted mostly single-digit gains.

Launch occurs at approximately $8 billion valuation with concerns about airdrop selling pressure impacting price.