The layer 1 Berachain blockchain saw its total locked value (TVL) increase to more than $ 3.26 billion, making it the sixth decentralized financing network (DEFI). He exceeded Arbitrum, which contains $ 2.9 billion and a base, with $ 3.24 billion. According to Defillama, Berachain now represents 2.98% of the total value locked in Defi. At the time of the drafting of this document, his native token, Bera, was negotiated at $ 6.75, with a market capitalization of $ 715 million and an entirely diluted evaluation of $ 3.3 billion.
Several protocols DEFI have contributed to the rapid growth of Berachain. Infrared Finance, a liquid ignition platform leads with a TVL of $ 1.52 billion. The decentralized Kodiak scholarship follows with $ 1.12 billion, while concrete of agricultural performance protocol holds nearly $ 800 million. These platforms played a key role in attracting liquidity and increasing activity on the network.
Ethereum continues to dominate the DEFI space, with $ 58 billion on TVL, representing 53.4% of the market. Solana ranks second, holding $ 8 billion and representing 7.45%. While Berachain is still lagging behind these networks, its evidence of proof of liquidity has attracted attention. This system obliges users to bring the Bera tokens into play and directly liquidity to basic deffi applications, ensuring that the costs remain in the network and strengthening long -term commitment.
Earlier this month, the Bera Foundation made one of the biggest kid in the history of cryptography, distributing 80 million Bera tokens to eligible users. The tokens were evaluated at $ 632 million, contributing to the increased interest in the network.
Vance Spencer, co-founder of Framework Ventures, which co-directed a financing tour of the B series of $ 100 million for Berachain, said that blockchain could potentially become a major competitor of Ethereum. He previously described his liquidity model as a model that maintains the transaction costs circulating in the network, potentially strengthening its long -term sustainability.
The rise of Berachain occurs at a time when Defi recovers major fluctuations. Decentralized finance deposits increased from $ 17.3 billion in January 2021 to nearly $ 178 billion by the end of the same year. However, TVL fell below 40 billion dollars in December 2022. Berachain’s growth is part of a wider resurgence, with TVL of DEFI through blockchains now reaching 60 billion dollars, the highest level since August 2022.
Investors and industry participants watch closely to see if Berachain can support its momentum and challenge more established networks in the coming months.
