Berachain Listed on Crypto.com Following Major Exchange Listings and Successful Launch

Berachain, the innovative blockchain project, has officially landed on Crypto.com, joining a growing list of major exchanges. The listing on Crypto.com allows users to purchase its native token, BERA, using USD, EUR, and over 20 other fiat currencies, marking another significant achievement for the rapidly developing project. Prior to this, Berachain had secured listings on other reputable exchanges, including MEXC, Upbit, and Bithumb.

After being listed on Crypto.com, BERA surged to an all-time high of $14.99 but has since seen a decline of nearly 50%, stabilizing at around $7.65 at the time of writing. This fluctuation in price is typical following such high-profile listings, reflecting market volatility and investor sentiment.

The project officially launched on February 6, 2025, after more than a year of anticipation following the release of its public testnet. During this period, Berachain secured more than $100 million in funding, underscoring its growing support and potential. Its origins trace back to the popular NFT collection “Bong Bears,” created by a team of four pseudonymous co-founders known as Homme Bera, Dev Bear, Papa Bear, and Smokey The Bera.

Berachain has garnered attention primarily for its unique Proof of Liquidity consensus mechanism, which sets it apart from traditional blockchain networks. This mechanism has raised some eyebrows, particularly among gaming-chain executives, who have expressed concerns about the project’s initial fundraising through NFTs before it pivoted to blockchain development.

Berachain operates as an EVM-identical Layer 1 blockchain built on the modular EVM-focused framework called BeaconKit. One of the key features of the Berachain network is its Proof of Liquidity consensus mechanism, which distinguishes it from conventional proof-of-stake systems. In Berachain, the BERA token is used for both gas and staking, and is integral to the functioning of the network.

Beyond BERA, the network features two additional tokens: BGT and HONEY. BGT is a staking token that can only be earned by providing liquidity to decentralized finance (DeFi) protocols on the chain, such as exchanges and lenders. Unlike typical staking tokens, BGT cannot be purchased on the open market and must be earned through active participation in the ecosystem. Once users acquire BGT, they have the option to burn it to receive BERA. Once burned, BGT becomes irredeemable.

Validators on the network who deposit BGT tokens are rewarded with HONEY, the network’s stablecoin, which is generated through protocol fees and user “bribes.” This unique staking mechanism incentivizes liquidity providers and validators, further promoting the network’s decentralized nature.

As Berachain continues to evolve, its innovative approach to consensus and tokenomics, along with its significant exchange listings, positions it as a promising player in the blockchain space. Despite some criticism, the project’s focus on liquidity and user participation may provide it with the tools to differentiate itself in a competitive market.