Berachain has become one of the most talked-about platforms in the crypto space due to its rapid Total Value Locked (TVL) growth less than a month after its launch.
Rapid Growth of Berachain
Within just 20 days of its Mainnet launch, Berachain surpassed networks like SUI, Avalanche, and Arbitrum in TVL, reaching $3.27 billion. Though native protocols have yet to launch, Berachain's token ecosystem shows significant growth potential, with a market cap of $700 million.
BERA Airdrop Controversy
Following its network launch, Berachain conducted a large BERA token airdrop, distributing 15.75% of the total token supply. However, numerous community participants expressed dissatisfaction, as testnet users received only 1.65% and NFT Bong Bears holders 6.9%, prompting social media criticism.
Investments and Company Growth
Berachain secured $100 million in Series B funding led by Brevan Howard Digital and Framework Ventures. The funds will enhance the company's presence in Asia, Latin America, and Africa. A co-founder noted that this funding validates their network development approach.
Berachain shows substantial advancements in developing its ecosystem, attracting both users and investors, indicating a promising growth trajectory.
