Berachain, a leading layer-1 network backed by Polychain, is set to launch its highly anticipated airdrop in 2024, as indicated by prevailing trends among users.
Increasing Odds for Berachain Airdrop
A recent poll indicates a 67% likelihood that Berachain will release its token this year, with over $669,000 wagered. This poll’s track record includes successful predictions for both the Scroll (SCR) and Swell airdrops.
Another poll, with $55,528 in funds, shows a 72% probability for the Berachain airdrop, an increase from just 42% earlier this month.
As one of the most promising upcoming layer-1 networks, Berachain stands out with significant funding, raising millions from prominent investors, including Polychain and others. The network raised $42 million in April 2023, followed by an impressive $100 million in March this year, achieving a unicorn valuation of $1 billion.
Focused on Decentralized Finance, Berachain has advanced significantly since its last funding round, launching the public testnet bArtio B2 in June. A recent partnership with Binance has integrated its testnet into the platform, hinting at a potential token listing upon its public release.
Growth of the Berachain Ecosystem
Berachain has become a hub for developers who are creating various projects within its ecosystem. Notable projects include BEX for token swapping and liquidity provision, Honey for minting and redeeming Berachain’s native stablecoin, and Bend, which enables users to supply and borrow the $HONEY token.
This year has seen numerous mainstream networks launching their airdrops, including Wormhole (W) with a fully diluted valuation of $2.8 billion, ZKsync (ZK) valued at $2.6 billion, and EigenLayer with a valuation of $5.3 billion.
Berachain faces the challenge of thriving in a competitive blockchain landscape dominated by established networks like Ethereum, Solana, Base, and Tron, alongside competing DeFi-focused platforms like Injective, backed by notable investors.
