Berachain shoots out of the gate with $1.5B market cap on first trading day
The post Berachain shoots out of the gate with $1.5B market cap on first trading day appeared on BitcoinEthereumNews.com.
Berachain’s mainnet went live on February 6, 2025. The project launched simultaneously with approximately $632 million worth of BERA tokens to eligible users. The Berachain blockchain runs on the Proof-of-Liquidity (POL) consensus mechanism. Farmers and investors alike anticipated the project for a long, long time. So long, in fact, that it came to earn the alias “fake chain.” There was always constant activity and tasks to do, often involving real funds. Then, there was the one-year-long testnet. Since Berachain launched earlier today, the patience appears to be finally paying off. Berachain mainnet launch plus airdrop Berachain enters the crypto scene as a next-generation L1 blockchain designed to push boundaries in speed, scalability, and innovation. It also supports decentralized finance (DeFi), gaming, and other Web3 applications. Prior to the launch, there was a lot of chatter from the project’s long-suffering users, who may have been let down by other projects in the past. Hyperliquid’s disproportionate allocation to Binance users over its long-term community immediately comes to mind. Berachain released its highly anticipated whitepaper on February 3, giving its believers a detailed look at its lofty aims to revolutionize blockchain technology with speed, scalability, and innovation. By February 5, the Berachain network officially confirmed it will airdrop $632 million worth of BERA tokens at $8 per token with eligible users allowed to start claiming from February 6. Some of those eligible for the airdrop include the chain’s early supporters like Baritio users, NFT owners, community members, and dApp users. Berachain’s airdrop tokenomics The initial supply of BERA tokens is 500 million, with 15.8% allocated for the airdrop. Users with Bong Bears NFT and affiliates reportedly received the fattest allocations, but long-term followers also got a significant portion of incentives. The remaining allocations were divided among community programs (13.1%), ecosystem development and research…
Filed under: News - @ February 6, 2025 9:16 pm