Berachain
Summary
Berachain is an EVM-identical Layer 1 blockchain launched on February 6, 2025, built around a novel 'Proof of Liquidity' (PoL) consensus mechanism designed to align validators, applications, and users around on-chain economic activity. The project raised $142 million across two funding rounds, achieved a peak TVL of over $3.3 billion at mainnet launch, and distributed approximately 79 million BERA tokens via airdrop. Since launch, the project has faced significant controversies including alleged insider token selling by a co-founder, a preferential refund arrangement for institutional investor Brevan Howard, a $12.8 million BEX exploit requiring an emergency hard fork in November 2025, and a prolonged token price decline of over 97% from its all-time high.
Connected Entities
1 entities · 10 linked investigations- + 6 more
Timeline(16 events)
2021-08-27
Bong Bears NFT collection launched on Ethereum at 0.069420 ETH per mint, originating in the OlympusDAO Discord community.
The Block2022-03-01
Dev Bera posted a governance proposal on OlympusDAO forum seeking $500,000 in OHM to fund development of Berachain; passed with 78% approval.
IQ.wiki / The Block2023-04-01
Series A funding round: $42 million raised at approximately $420 million valuation. Investors included Polychain Capital, Robot Ventures, Shima Capital, Hack VC, and dao5.
Crunchbase / Tracxn2024-01-01
Artio v1 testnet launched using Cosmos SDK; later migrated to bArtio v2 testnet using BeaconKit after Cosmos SDK could not handle transaction volume.
Decrypt2024-04-12
Series B funding round: $100 million raised, co-led by Brevan Howard Digital (BH Digital) and Framework Ventures, with additional institutional and angel investors.
Bloomberg2025-02-06
Berachain mainnet launched. BERA token generated and distributed. ~79 million BERA airdropped. BERA reached an intra-day high of ~$14.83 before declining sharply.
CoinDesk2025-02-11
BERA price fell to approximately $5.57, a 63% decline from its launch-day high, amid insider selling allegations and airdrop disappointment.
DL News2025-02-12
On-chain researcher Ericonomic identified a wallet linked to co-founder DevBear receiving ~200,000 BERA from the airdrop and swapping portions for WBTC, ETH, and other assets.
Beincrypto2025-03-01
Berachain TVL peaked at approximately $3.3 billion, ranking it among the top DeFi chains by TVL.
BlockBeats2025-06-04
Bectra hard fork deployed: Berachain became the first non-Ethereum L1 to implement Ethereum's Pectra execution-layer features (EIP-7702, EIP-7002, EIP-2935).
CoinDesk2025-07-01
PoL V2 upgrade went live, redirecting 33% of protocol incentives as native yield to BERA stakers.
Blocmates2025-11-03
Berachain halted its network after BEX (its native DEX, a Balancer V2 fork) was exploited via the Balancer V2 vault vulnerability; ~$12.86 million drained. Emergency hard fork executed; funds recovered via white-hat cooperation.
CoinDesk2025-11-15
Unchained Crypto published leaked documents alleging Berachain granted Brevan Howard's Nova Digital fund a $25 million refund right on its Series B investment, valid for one year from the TGE.
Unchained Crypto / The Block2025-12-01
Berachain Foundation cut most of its retail marketing team and announced a strategic refocus on core development and the 'Bera Builds Businesses' model.
Phemex News2026-05-01
BERA trading at approximately $0.34–$0.35, approximately 97% below its all-time high. Market capitalization approximately $90 million. TVL approximately $180 million.
CoinGeckoDecision Log
- hash: HWeSy6h1Mj1jNtXw4rCJkrYiMxGCmwvbYjGdqc3KJrjb
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 5/31/2026, 7:31:44 AM
last updated: 5/31/2026, 7:31:49 AM
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