Layer-1 blockchain Berachain has recently achieved a significant milestone as it has surpassed $3.26 billion in total value locked (TVL) and has positioned itself as the sixth-largest decentralized finance (DeFi) network.
Berachain Surpasses Base as the 6th Largest Blockchain
As of February 24, 2025, Berachain’s total value locked exceeded that of established networks such as Arbitrum and Base, which have TVLs of $2.9 billion and $3.24 billion, respectively. This surge in TVL indicates a growing interest in the Berachain’s ecosystem, which utilizes a unique Proof-of-Liquidity (PoL) consensus mechanism designed to enhance liquidity and monetize participation in DeFi activities.
Rapid Adoption Within Weeks of Launch
The Berachain blockchain has been launched just weeks ago and this achievement highlights the rapid growth and adoption of the platform within the crypto community. Currently, Berachain holds approximately 2.98% of entire DeFi market’s value locked.
The native token, Bera, is trading at around $6.75 with a market capitalization of $731 million as per CoinGecko. Notably, the blochain layer’s innovative approach allows users to stake tokens while providing liquidity, ensuring both network security and capital efficiency. The platform’s three-token model includes BERA for transactions, BGT as a governance token, and HONEY as a stablecoin for liquidity.
A Rising Star in the DeFi Ecosystem
Vance Spencer, co-founder of Framework Ventures, has expressed confidence in the potential of the Berachain blockchain layer. Spencer also thinks that the blockchain can become a potential rival to existing giants like Ethereum.
Spenser also states that the platform is designed to keep fees low and encourage users to keep their money within the ecosystem, making it a self-supporting community.
The rapid rise of this blockchain is further evident from its impressive growth metrices. The blockchain layer has attracted over $3.3 billion in deposits prior to its mainnet launch on February 6, 2025.
As Berachain continues to gain traction, it is set to become an important player in the DeFi space, which is inviting users to bridge their assets and participate in its booming ecosystem.
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