Scroll

Honey

Wormhole

Berachain

Berachain, a popular Polychain-backed layer-1 network, is expected to launch its airdrop in 2024, according to most Polymarket users.
<h2 class="wp-block-heading" id="berachain-airdrop-odds-are-rising">Berachain airdrop odds are rising</h2>
A Polymarket poll with over $669,000 in funds places the odds that Berachain will launch its token this year at 67%. This poll has been accurate before as users accurately predicted the recent Scroll (SCR) airdrop. They also predicted the confirmed Swell airdrop.
Another Polymarket poll with $55,528 places the probability of the Berachain airdrop happening this <a href="https://polymarket.com/event/will-berachain-launch-in-2024" target="_blank" rel="noopener noreferrer nofollow">year at 72%</a>, up from this month’s low of 42%.
Berachain is one of many upcoming layer-1 networks in the blockchain industry. It is also one of the best-funded platforms, having raised millions of dollars from well-known investors such as Polychain, Hack, Framework Ventures, and Brevan Howard Digital assets.
The network raised $42 million in April 2023, followed by another $100 million in March this year, giving it a unicorn status with a <a href="https://www.bloomberg.com/news/articles/2024-03-15/crypto-s-berachain-becomes-unicorn-in-69-million-vc-round" target="_blank" rel="noopener noreferrer nofollow">$1 billion valuation.</a>
Berachain, which is focused on Decentralized Finance, has made a lot of progress since its last fundraising in March. It launched the public testnet bArtio B2 in June. It recently <a href="https://x.com/berachain/status/1839321654880530665" target="_blank" rel="noopener noreferrer nofollow">partnered with Binance</a>, which integrated its testnet, raising the possibility that it will list the token when it goes public.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/wormhole-token-soars-20-in-24-hour-trading-after-upbit-listing/"> Wormhole token soars 20% in 24 hour trading after Upbit listing </a>
<h2 class="wp-block-heading" id="berachain-ecosystem-is-growing">Berachain ecosystem is growing</h2>
Berachain has attracted several developers who have launched various projects on the network. For example, BEX is a platform for swapping tokens and providing liquidity, Honey is a platform for minting and redeeming Berachain’s native stablecoin, and Bend allows users to supply and borrow the $HONEY token.
Many mainstream networks have launched their airdrops this year. Wormhole (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/wormhole/">W</a>), a leading bridging solution, launched its airdrop a few months ago, and has achieved a fully diluted valuation of $2.8 billion. ZKsync (<a href="https://crypto.news/price/zksync/" target="_blank" rel="noopener noreferrer nofollow">ZK</a>) has achieved an FDV of $2.6 billion, while EigenLayer is valued at $5.3 billion.&nbsp;
Berachain’s key challenge will be growing in a highly competitive market, where blockchains like Ethereum, Solana, Base, and Tron dominate. It will also compete with Injective, the DeFi-focused network backed by Mark Cuban, Binance, and Pantera.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/berachain-mint-one-million-nft/"> Berachain early supporters mint over 1.7m NFTs </a>

Berachain airdrop odds are rising on Polymarket

Table of Contents

crypto.news

Other articles published on Oct 17, 2024

Ripple News: CEO Brad Garlinghouse Considers IPO Path, says ‘SEC is Not our Friend’

Hackers target Radiant Capital, stealing $50M in crypto

Coinbase CSO at Ripple Swell: New Ways to Track Crypto Scams Discovered

Analyst Predicts Ripple (XRP) Price Will Be Unstoppable – Key Resistance Levels to Watch!

France Received $101 Billion In Cryptocurrencies

Stellar ecosystem implements Blockaid security features

Join our free newsletter for daily crypto updates!