The post BERA price could surge 50% as Berachain DEX volume doubles appeared on BitcoinEthereumNews.com.

Berachain, the fast-growing layer-1 network, is performing well as its token rises and its decentralized finance ecosystem booms. Berachain (BERA) price rose to $8.60 on Thursday, up 60% from its lowest point in March. The ongoing surge has come as network growth gains momentum. A good example is the decentralized exchange industry, where protocols built on Berachain are gaining traction. DeFi Llama data shows that the weekly volume handled by these protocols rose by 105% to $519 million. This increase has pushed the cumulative volume handled by the network to $2.17 billion, with most of the activity coming from BEX, which processed $364 million in the past seven days. Volumes on other DEXs within the Berachain ecosystem, such as Kodiak, Bulla Exchange, and Amped Finance, also rose by over 100%. Berachain’s total value locked in DeFi is also rising, making it the seventh-biggest chain in crypto. Its assets have jumped by 40% in the last 30 days to $2.94 billion, while its stablecoin market cap crossed the $2 billion milestone. Berachain’s growth in the DeFi and DeX industry has grown at a time when other large chains like Solana (SOL), Ethereum (ETH), and Tron (TRX) are slowing. The TVL of these three chains has dropped by over 20% in the past 30 days. BERA has also surged following the launch of proof of liquidity, a feature that helps decentralize the network. BERA price analysis Berachain price chart | Source: crypto.news The two-hour chart shows that Berachain price has been in a steady uptrend over the past few days. It rose from this month’s low of $5.2830 to a high of $9.50, and remains slightly above the 50-period moving average. Most importantly, the token has formed a cup and handle pattern, with the upper side at $9.16. The recent pullback has…

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Filed under: News - @ March 28, 2025 1:28 am