Berachain blockchain surpasses the leading Ethereum-based networks by TVL

Earlier, the project conducted one of the largest airdrops in the history of the industry

24.02.2025 - 16:00

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What’s new? The total value locked (TVL) of the Layer 1 (L1) blockchain called Berachain has surpassed the $3,26 billion mark. This makes Berachain the sixth-largest blockchain in the decentralized finance (DeFi) ecosystem.

DeFiLlama data

What else is known? As of February 24, Berachain has surpassed Arbitrum and Base, the leading Layer 2 (L2) networks based on the Ethereum blockchain, in terms of TVL. In total, Berachain accounts for 2,98% of assets blocked in DeFi protocols.

TVL represents the total value of crypto assets locked in a protocol’s smart contract. An increase in the figure usually indicates an increase in the popularity and liquidity of the protocol.

A high TVL means that the protocol has significant capital and can offer users higher returns.

The largest project in the Berachain ecosystem is liquid staking protocol Infrared Finance with a TVL of $1,52 billion, followed by decentralized exchange (DEX) Kodiak with $1,12 billion and revenue-generating farming protocol Concrete with $800 million.

Framework Ventures co-founder Vance Spencer, who led a $100 million Series B round for Berachain, said last September that Berachain’s (BERA) native token could be the next big Ethereum (ETH) competitor.

On February 6, the Bera Foundation NPO distributed 80 million BERA tokens to eligible users. The total value of the tokens is estimated at $632 million, making this airdrop one of the largest in the history of the crypto industry.

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