Berachain, a Layer-1 blockchain, launched its EVM-compatible mainnet and distributed BERA tokens, with market capitalization peaking at $1.17 billion.
Berachain Launch and Airdrop
On February 6, Berachain launched its EVM-compatible mainnet and conducted an airdrop of BERA tokens. Nearly 80 million tokens were distributed, with the largest share going to Bong Bears NFT holders.
Proof-of-Liquidity: Consensus Innovation
Berachain's main technical innovation is its Proof-of-Liquidity mechanism, which incentivizes a sustainable ecosystem of applications. Liquidity providers receive interest directly from Berachain, creating a seamless flow of liquidity.
Berachain Founders and Investors
Berachain was founded by pseudonymous individuals known as Smokey the Bera, Papa Bear, Homme Bera, and Dev Bear. The project attracted investments of $42 million in 2023 and $100 million in 2024 from Polychain Capital and others.
With its innovative approach and funding model, Berachain has gained recognition in the blockchain community and continues to attract investor attention.
