TL;DR
- Idea: Berachain harnesses an innovative Proof-of-Liquidity consensus to align network security with DeFi liquidity, offering an EVM-compatible Layer 1 with a tri-token model.
- Catalyst: Upcoming Bectra hard fork and execution of the ‘Bera Builds Businesses’ plan to embed $BERA into real-world applications.
- Risks: Token inflation from scheduled unlocks and potential sell pressure from Series B overhang pose downside risks.
- Score: 7.00/ 10
Coin
- Name/ Ticker: Berachain (BERA)
- Segment: Layer-1 Blockchain
- Status: active
- Price: $0.693400
Key Metrics
- Market Cap: $148 335 854
- FDV: $369 390 000
- Circulating Supply: 213 898 989
- Total Supply: 532 660 000
Sources
Technology
- USP: Innovative Proof-of-Liquidity (PoL) consensus mechanism that integrates liquidity provisioning into network security, boosting on-chain capital efficiency.
- Core Technology: EVM-compatible Layer-1 built on Cosmos SDK with a modular consensus client (BeaconKit), featuring a dual-token model (BERA for gas and staking, BGT for governance) and the HONEY stablecoin.
Roadmap
- 2025-02-06: Mainnet Launch & Token Generation Event
- 2025-03-11: Bepolia Testnet Activation
- 2025-12-13: Whitepaper v1.0 Published
- 2026-02-06: Series B Investor Refund Window Closes
- 2026-02-28: Maximum Circulating Supply Increase Achieved
- 2026-03-31: Bectra Hard Fork (PoL protocol-level upgrade)
- 2026-06-30: NFT Bridge Activation & Bong Bears Vesting Unlock
Team & Investors
Team
- Founder — Dev Bear: Co-creator of Bong Bears NFT and DeFi pioneer
- Founder — Man Bera: Early Olympus DAO community member and DeFi strategist
- Co-Founder — Smokey the Bera: Engineering graduate, former healthcare/biotech founder and VC partner at Hack VC
- Head of DeFi — Jack Melnick: Former Head of DeFi at Polygon Labs (2023–2024)
- CTO — Paul O'Leary: Former CTO of ConsenSys with 20+ years in blockchain infrastructure
Investors
- Brevan Howard Digital — Series B • 2024-04-12
- Framework Ventures — Series B • 2024-04-12
- Polychain Capital — Series A • 2023-04-20
- Hack VC — Series A • 2023-04-20
- Tribe Capital — Series A • 2023-04-20
Total funding: $142.00M
Tokenomics
- Utility: BERA for gas fees and staking, BGT for governance, HONEY as native over-collateralized stablecoin
Pros & Cons
Strengths
- Innovative Proof-of-Liquidity consensus aligns network security with DeFi liquidity
- Full EVM compatibility enabling seamless Ethereum developer tool integration
- Strong financial backing with $142M raised from top-tier investors
- Robust ecosystem growth with native DeFAI protocol and infrastructure projects
- Experienced leadership including former Polygon and ConsenSys executives
Weaknesses
- High token inflation risk from upcoming supply unlock
- Price volatility and underperformance versus broader market
- Governance overhang from Series B investor refund option
- Potential dilution if TVL growth fails to sustain
- Risk of centralized voting power through BGT governance token
Market Signals (7d)
- TVL trend: increasing
- CEX volume trend: decreasing
- Active addresses trend: stable
Price Scenarios (target: 2026-08-19)
- Bear: $0.500000 — Assumes 20% downside from current price under bearish sentiment and investor overhang based on moving averages
- Base: $0.800000 — Projects 15% growth over current price driven by roadmap execution and average TVL increase
- Bull: $1.200000 — Optimistic scenario using scenario analysis with 95th percentile DeFi adoption and successful PoL v2 upgrade
How to Buy & Store
CEX
- Coinbase Exchange
- Gate
- Binance
- OKX
- KuCoin
DEX
- Kodiak V3
- Bulla
- Burrbear
- WinnieSwap
- Kodiak V2
Storage
- MetaMask
- Ledger
- Trezor
- OKX Wallet
- Coinbase Wallet
Verdict
Berachain’s unique PoL consensus and strong backing offer compelling DeFi innovation, but token inflation and governance overhang warrant cautious allocation.
Official Links
Source: Coin Research (internal)
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