Berachain exceeds the main block chains on TVL within 20 days after the launch of Mainnet

Berachain, Evm-Identical Layer 1 Blockchain, has reached a new milestone this week.

Within 20 days after its main launch, Berachain has exceeded the main block chains such as Sui, Avalanche and Arbitrum, in total locked value (TVL), after reaching $ 3.27 billion before gently retired. Berachain assured the sixth position on Defi TVL after the new feat before sliding the seventh place just behind the base.

The rapid growth of Berachain and the expanding ecosystem

The last figure exceeded $ 1.4 billion of sui and TVL of $ 1.23 billion of AVAX. Although most native protocols have not yet been launched, which suggests potential for greater growth, Berachain currently has a circulating market capitalization of $ 700 million. It is among the best 100 in Coinmarketcap and is quoted at $ 6.7 at the time of writing.

Meanwhile, Defillama's <a target="_blank" href="https://x.com/DefiLlama/status/1893663178434715670″ target=”_blank” rel=”noopener” data-wpel-link=”external”>data He revealed that Berachain headed other chains in terms of net entries of the bridge in the last seven days.

According to the market <a target="_blank" href="https://x.com/Pedr0_DC/status/1893948200580497496″ target=”_blank” rel=”noopener” data-wpel-link=”external”>expertsThis rapid rise in Berachain presents an asymmetric bet with significant ascending potential.

Berachain's expansion has been fed by the main protocols. For example, infrared financing of the liquid stagnation platform is at the forefront, with $ 1.52 billion in TVL. The Decentralized Exchange Kodiak followed closely with $ 1.1 billion, while the concrete of performance agriculture protocol contributed almost $ 1.11 billion in blocked assets.

Bera Airdrop controversy

The Bera Distributed Foundation launched Bera Airdrops to the members of the community after the successful launch of the liquidity test layer 1 on February 6. This was announced as one of the largest aerdropios in the industry, which covers 15.75% of its 500 million token supply. But Airdrop caused a community reaction on the unjust allocations perceived.

Despite the long -term commitment, Testnet users received only 1.65%, while Bong Bears nft holders obtained 6.9%, which caused criticism on social platforms. The Berachain Foundation defended the distribution and cited guidance challenges.

Berachain emerged as one of the most commented cryptographic projects in Token 2049. In April, he raised $ 100 million in a round B series directed by the Branch and Framework companies by Brevan Howard Digital. The fund was also a support of Polychain Capital, Hack VC and Capital Tribe. In <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-12/crypto-s-berachain-says-funding-round-increases-to-100-million?srnd=undefined” target=”_blank” rel=”noopener” data-wpel-link=”external”>statement

“We see this increase as an important validation of our approach to build a block chain that is based on the comments of real users and developers, and boost the value for those groups that are really contributing to the growth of the network.”

The company said the new financing would strengthen its presence in Hong Kong, Singapore, Southeast Asia, Latin America and Africa.

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