Berachain launched its “proof-of-liquidity” layer-1 blockchain Thursday while commencing its BERA token airdrop to the community—with the value of the airdrop allotments hitting $1.17 billion at Thursday’s peak price.

Trading for BERA is now live on major centralized exchanges including Binance, OKX, and Coinbase. The token briefly surged to a peak of $14.83 after launch, but has fallen approximately 49% to $8.00 at the time of writing.

The network, which spun out of a 2021 Ethereum NFT project, raised more than $100 million to bring its chain and novel consensus mechanism to fruition.

“Feels surreal,” pseudonymous co-founder Smokey the Bera posted on X (formerly Twitter). “Team and I will be in the trenches busting bugs and helping teams get set up to win on Berachain.”

The mainnet launch occurred around 8am ET with airdropped BERA, the network’s native gas token, already in eligible users’ wallets except in i

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Author: Logan Hitchcock

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