Berachain is a high-performance EVM-Identical Layer 1 (L1) blockchain utilizing Proof-of-Liquidity (PoL) as a sybil resistance mechanism that is built on top of a modular EVM-focused consensus client framework named BeaconKit. Berachain aligns liquidity and security at the base layer.
BERA is the native utility token, which has the following functions:
Gas Token: BERA is used as the gas token for the network, and is used in order to pay for transactions.
Staking: Validators must stake BERA in order to secure the network.
The Berachain ecosystem consists of the following major components working in conjunction:
Proof-of-Liquidity (PoL): A sybil resistance mechanism that establishes a framework to reward ecosystem liquidity that contributes to efficient trading, price stability, securing the chain, and increasing the network / user growth.
BeaconKit: A modular framework developed by Berachain for building EVM consensus clients. It integrates the benefits of CometBFT consensus, including increased composability, single slot finality (SSF), and more.
Honey: Berachain’s native stablecoin, meant to defragment liquidity and serve as a stable unit of transfer in the ecosystem. HONEY is fully backed by legally compliant centralized stablecoins (e.g. USDC and pyUSD).
Bera Governance Token (BGT): Non-transferrable and can only be acquired by engaging in productive activities within the Berachain ecosystem.
BEX: Berachain’s native decentralized exchange and the first application powered by Proof of Liquidity upon launch, allowing users providing liquidity to certain pairs to earn the reward token of the network. BEX is based upon the design of Balancer.
As of February 6th, 2025, the genesis total supply of BERA tokens is 500,000,000 and the circulating supply upon listing will be 107,480,000 (21.50% of the genesis total token supply).
Key metrics (as at February 6th 2025)
1. What is Berachain?
Berachain is a high-performance EVM-Identical Layer 1 (L1) blockchain utilizing Proof-of-Liquidity (PoL) as a sybil resistance mechanism that is built on top of a modular EVM-focused consensus client framework named BeaconKit.
1.1. Project Mission:
Berachain’s mission is to establish a framework to reward ecosystem liquidity that contributes to efficient trading, price stability, securing the chain, and increasing the network/user growth.
1.2. Project Value Proposition:
Berachain and its novel Proof of Liquidity consensus mechanism makes it possible to strongly align the incentives of key stakeholders (e.g. validators, protocols and users), combining liquidity and security at the base layer.
1.3. Existing Products:
As of Feb 6th 2025, there are 250+ dApps live on Berachain Bartio Testnet, with $3.1Billion in committed TVL on mainnet launch.
As of Feb 6th 2025, there are 130+ dApps were awarded token allocations as part of the RFA program.
2. Token sales and economics:
2.1. Token Distribution:
Note: Only showing genesis total token supply (Excluding Validator / Emission Rewards).
2.2. Token Release Schedule:
3. Roadmap & Updates:
3.1. Completed Milestones:
3.2. Current Roadmap:
Note3.3. Commercial and Business Development Progress:
Google Cloud Platform: Berachain partnered with Google Cloud Platform (GCP) as its primary cloud provider and collaborated on multiple ecosystem and technology initiatives. These include making Berachain nodes available for deployment via GCP, providing testnet and mainnet data in BigQuery, collaborating on AI initiatives, GCP operating a mainnet validator, and supporting Build-a-Bera by offering $200K in cloud credits to startups.
LayerZero: An omnichain interoperability protocol that connects different blockchains, enabling secure communication and asset transfers across them without relying on traditional bridges. LayerZero will serve as the canonical bridge for Berachain Mainnet.
Magic Eden: A leading NFT marketplace that allows users to buy, sell, and trade NFTs across multiple blockchains, including Solana, Ethereum, and Bitcoin. Magic Eden worked with Berachain and the Berachain ecosystem to build a hub for users interested in Berachain Ecosystem NFTs and will be launching some of the first NFTs on Berachain Mainnet.
Paypal USD: A U.S. dollar-backed stablecoin issued by PayPal, Paypal USD (pyUSD) is designed to maintain a 1:1 value with the U.S. dollar. It's fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and similar cash equivalents. pyUSD is one of the stablecoins backing HONEY, Berachain’s native stablecoin.
USDT0: USDT0 is Tether's new omnichain USD stablecoin designed to unify liquidity across multiple blockchains. Built on LayerZero's Omnichain Fungible Token (OFT) standard, USDT0 allows seamless and secure cross-chain transfers without the need for independent deployments, liquidity pools, or bridging solutions. USDT0 participated in the Berachain Boyco program.
Goldsky: Goldsky provides real-time blockchain data services for Web3 developers, offering tools like instant subgraphs and flexible data streaming pipelines to simplify the creation of data-driven decentralized applications.
The Graph: The Graph is a decentralized indexing protocol that organizes and queries blockchain data, enabling developers to easily access and use on-chain data for their applications through open APIs called subgraphs.
Pyth: Pyth is a decentralized data oracle that delivers high-frequency, real-time market data—such as prices for stocks, cryptocurrencies, and commodities—to smart contracts across multiple blockchains.
Etherscan: Etherscan is a blockchain explorer for Ethereum, allowing users to search and view on-chain data such as transactions, wallet addresses, smart contracts, and token information in real-time.
Dune: Dune is a blockchain analytics platform that enables users to create, share, and explore custom queries and dashboards using on-chain data, empowering data-driven insights for DeFi, NFTs, and more. Berachain data is now queryable on Dune.
Thirdweb: Thirdweb provides developer tools and infrastructure to easily build, deploy, and manage Web3 applications, including smart contracts, NFTs, and decentralized marketplaces, across multiple blockchains.
Safe: Safe (formerly Gnosis Safe) is a smart contract wallet designed for secure digital asset management, offering multi-signature control and customizable access policies for individuals, teams, and DAOs.
4. Community: