Berachain, a layer-1 blockchain, has seen its total value locked (TVL) increase to $3.26 billion, positioning it as the sixth-largest DeFi network. This surge surpasses notable platforms like Arbitrum and Base, which currently hold $2.9 billion and $3.24 billion in TVL, respectively. As of February 24, Berachain accounts for 2.98% of the overall DeFi market. Within its ecosystem, the liquid staking protocol Infrared Finance leads with a TVL of $1.52 billion, followed by the decentralized exchange Kodiak at $1.12 billion. With a market cap of $715 million, the Berachain token (BERA) trades at $6.75. As TVL represents the total value of crypto assets in DeFi, higher figures often correlate to increased liquidity and usability, enhancing yields for participants. Ethereum remains the leading blockchain in DeFi with $58 billion, while Solana follows with $8 billion. Analysts suggest that Berachain's proof-of-liquidity consensus mechanism could position it as a significant competitor within the industry.

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