- Berachain became the sixth-largest DeFi blockchain after its total value locked reached $3.26 billion.
- Infrared Finance, Kodiak, and Concrete have led Berachain’s DeFi growth with over $3.4 billion in locked assets.
- BERA token is trading at $6.75 with a market capitalization of $715 million.
Layer-1 blockchain Berachain’s total value locked (TVL) has surpassed $3.26 billion. This makes it the sixth-largest network in decentralized finance (DeFi), according to data from DefiLlama. The surge has pushed Berachain ahead of Arbitrum and Base, which hold $2.9 billion and $3.24 billion, respectively.
Breaking: @Berachain has officially surpassed @Base and become the 6th highest chain with a TVL of $3.26B.
— Berachain Today 🐻⛓️ (@BerachainToday) February 24, 2025
And Bera isn’t even a month old yet. It's time to bridge, anon pic.twitter.com/lWIoyH1RWr
Currently, Berachain constitutes 2.98% of the total DeFi TVL. Strong growth in key protocols has fuelled its rise. In first place is Infrared Finance with $1.52 billion locked and in second place is a decentralized exchange, Kodiak with $1.12 billion. Furthermore, the yield farming platform Concrete holds almost $800 million, supporting network growth.
The Berachain (BERA) token currently trades at $6.90, with a market capitalization of $740 million and a fully diluted valuation (FDV) of $3.45 billion. Strategic initiatives and notable funding rounds have bolstered market momentum. In April, Framework Ventures co-led Berachain’s $100 million Series B round.
Key Protocols Drive TVL Growth Amid DeFi Market Expansion
The rise of Berachain coincides with the increase in the broader market. According to the data, the total TVL across DeFi networks peaked at $60 billion earlier this month, the highest since August 2022. An increase in the market capitalization of DeFi-linked tokens from $72 billion to $77 billion since December can be accompanied by this growth.
Ethereum continues to control the DeFi market with $58 billion in locked assets which correspond to 53.4% of the market share. Coming in second place, Solana holds $8 billion, accounting for 7.45%. While Ethereum still leads, Berachain’s recent momentum has put it on the list of top DeFi networks.
The Bera Foundation carried out a major token distribution event on February 6 by offering 80 million BERA tokens, which have an estimated value of $632 million. Following the move, Berachain achieved its place as one of the biggest token distribution events in crypto history, which has produced extensive visibility and substantial user growth.
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