L1 New King Ascends: Berachain Mainnet Officially Launches Today
The highly anticipated and repeatedly delayed Berachain has finally announced the official launch of its mainnet today afternoon Singapore time.
Berachain's unique "Proof of Liquidity (PoL)" mechanism is now operational. Users providing liquidity can earn BGT (governance token) rewards, which are non-transferable and can only be exchanged 1:1 for BERA (Gas token).
On-chain data shows that over 800 million dollars worth of assets have flowed into Berachain through cross-chain bridges from Ethereum and Arbitrum in the past 6 hours.
The trading volume of the native DEX Kodiak and lending protocol Infrared within the Berachain ecosystem has surged. In the OTC market, the valuation of BERA has quickly climbed to an FDV (Fully Diluted Valuation) of 6 billion dollars.