Berachain Crypto Price Struggles After Launch – Can It Recover?
Berachain has officially launched its mainnet, making its native token tradable across major exchanges like Coinbase, Binance, and Bitget. The project has emerged as a highly anticipated layer-one network, attracting significant attention within the crypto community. While it shares similarities with other blockchain networks like Avalanche and Solana, its unique consensus mechanism and growing ecosystem set it apart. As an EVM-compatible Layer 1 blockchain, Berachain differentiates itself through its innovative “Proof of Liquidity” consensus mechanism. Unlike traditional staking models, Berachain secures its network by incentivizing liquidity provision. Users who actively contribute liquidity are rewarded with BGT, the platform’s governance token, which plays a key role in the ecosystem. The network also Features an automated market maker (AMM), perpetual lending, and other DeFi components designed to streamline liquidity management and drive adoption. A key part ...