Berachain, a layer-1 blockchain founded by three pseudonymous developers, launched its mainnet on February 6, 2025. It features a novel consensus mechanism called proof-of-liquidity, aligning the incentives of network participants while enhancing security. Designed to be EVM-identical, Berachain allows seamless deployment of Ethereum-compatible applications. The protocol operates using two tokens: BERA, the gas and security token, and BGT, the governance and rewards token. Users stake BERA to earn BGT, which cannot be transferred but is used for governance. Additionally, Berachain has a soft-pegged stablecoin, HONEY, linked to the U.S. dollar. The project conducted an airdrop on February 5, distributing approximately 79 million BERA tokens to eligible users. Berachain focused on liquidity before its mainnet launch, gathering significant assets through pre-launch initiatives. As a result, the network supports various native applications, including token bridges and a decentralized exchange, enhancing user interaction and liquidity availability.

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