I noticed there’s been more activity over on Berachain again today—after a hard fork on the PoL Next mainnet for two weeks, BGT emissions have officially stopped, and the old three-coin model has already switched over to the new incentive framework. In plain language: the rewards mechanism has changed, and the money on-chain is starting to get re-accounted.
My own takeaway is that this kind of “model switch” is often more worth watching than a simple upgrade:
1. The veteran miners’ APY gets cut overnight, so short-term selling pressure will likely concentrate on BERA/BGT cash-out positions.
2. But PoL Next’s logic is to “route real revenue back to validators.” In the medium to long term, it ties on-chain fees and validator earnings together—so the coin price is linked to real usage, rather than incentives dumping.
3. I watched the on-chain data for BERA last night: active addresses didn’t collapse, but the TVL in stablecoin pools saw a slight outflow. That suggests the capital is waiting for the new model to go live before deciding whether to add more.
So I’m leaning toward observing in the short term first, and then acting once the reward distribution data from the first week of the new incentives comes out. In the medium term (around one month), if real revenue can hold up the line of “fees > block rewards,” then BERA has a chance to break out into an independent trend.
Key levels I marked on my chart: resistance at $2.1 / $2.4, support at $1.6 / $1.3. If it breaks below $1.3, I personally will exit half first, then wait until sentiment stabilizes before deciding further.
Risk note: L1 sector rotation is extremely fast; hot topics often flip within a single weekend. Not investment advice—DYOR.
#BinanceSquare #BERA #ETH #L2 #On-chain data
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