Berachain surpasses Base and Arbitrum in TVL, reaching $3.24 billion
Date: 2025-02-25 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The total volume of locked value (TVL) in Berachain increased to $3.24 billion, which allowed the network to surpass Base ($3.21 billion) and Arbitrum ($2.91 billion). At the same time, over the past week, the platform's TVL has demonstrated a 20% increase, despite the general decline among competitors.
There are 33 different protocols operating in the Berachain ecosystem. The leading position is occupied by the LST platform Infrared Finance, whose TVL is $1.51 billion. In second place is the decentralized exchange Kodiak with a figure of $1.11 billion, and the yield aggregator Concrete holds $803 million.
The network's native token, BERA, is trading at $6.94, ranking 115th by market cap, which is $748.6 million. The fully diluted market value (FDV) reaches $3.48 billion.
Berachain is a modular first-layer blockchain with EVM support. The network is based on the Proof-of-Liquidity consensus mechanism, which is a modification of the delegated Proof-of-Stake. The system uses three key assets: BERA is used to pay fees, BGT performs governance functions, and HONEY serves as a stablecoin.
In April 2023, the Berachain project raised $42 million in investment, and the following year it received another $100 million.
The main network of the blockchain was launched on February 6, simultaneously with the airdrop of the BERA token.
