Berachain is an innovative Layer-1 blockchain that utilizes a unique Proof-of-Liquidity (PoL) consensus mechanism to enhance network security and liquidity. By allowing users to stake various tokens and stablecoins, Berachain aligns the incentives of key stakeholders—validators, protocols, and users—contributing to the overall long-term health of the chain.

Berachain 🐻⛓

@berachain

Berachain's Public Testnet bArtio B2 is now live.

Hot Bera Summer begins at:

berachain.com

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8:20 PM • Jun 9, 2024

This report presents an on-chain analysis of Berachain’s performance and ecosystem throughout 2024, highlighting key metrics and the impact of its flagship dApps on the DeFi landscape.

Berachain's blockchain is designed for high scalability and decentralization, featuring fast transaction speeds, low block times, and robust security, making it an ideal platform for decentralized applications and blockchain-based innovations.

Source , Source2

From the launch of Bartio B2 to the end of 2024, Berachain achieved:

• 31.8M unique addresses 🌐

• ~513M transactions 🔄

• Total blocks: 8.76M

• 1.45M $BERA fees paid 💸

• 92.97% average success rate

• 201.2M contracts deployed by 2.5M unique addresses 📜👥

• Average TPS: 35.6

• Average block time: 2.13 seconds ⏱

• Most daily unique active addresses: September 26 ; 1.94M addresses 🌐

• Most daily new addresses: September 26 ; 1.67M addresses 🆕

• Highest daily blocks: August 25 ; 51,892 blocks

• Highest daily average block utilization: November 26 ; 51.79%

• Highest daily transactions per block: June 9 ; 234.63 🔄

• Highest daily transaction count: June 9 ; 7M 🔄

• Highest daily average TPS: June 9 ; 81.26

• Highest daily success rate: June 9 ; 99.87%

• Highest average transactions per address: June 11 ; 19.59 👥🔄

• Highest daily deployed contracts: October 24 ; 4.93M 📜

• Highest daily unique contract deployers: December 4 ; 63.3K 👥📜

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Address Activity Distribution in 2024:

✨76.27% of addresses: 2-5 transactions

✨8.63% of addresses (2.7M): only 1 transaction

✨0.1% of addresses: > 1000 transactions

✨3% of addresses (~925K): > 100 transactions

Berachain utilizes Proof-of-Liquidity (PoL) consensus mechanism to enhance network security and liquidity.

Source

Top Validators Based on Total $BGT Delegation (Current Ranking):

Infrared – 14%
Kodiak Finance – 9.56%
The-Honey-Jar – 8.54%
4️⃣ BeraLand – 7.71%
5️⃣ TTT vn – 6.45%

Top Validators Based on Delegators (Current Ranking):

KudasaiJP – 8.79%
The-Honey-Jar – 5.4%
Infrared – 5.35%
4️⃣ Kodiak Finance – 4.33%
5️⃣ BeraLand – 4.17%

• 11.78% of delegators: Delegated 1-10 $BGT

• 8.95% of delegators: Delegated 10-100 $BGT

• 1,612 addresses: Delegated more than 1,000 $BGT

• About 69% of delegators: Delegated less than 0.1% $BGT

• 53.96% of delegators: Delegated to only 1 validator

• 28.34% of delegators: Delegated to 2-5 validators

• 99.8K users: Delegated to more than 10 validators

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  Top 10 delegators

(Berachain native lending market)

Source

• Over 2.2M unique addresses have conducted more than 10.64M transactions within the BEND ecosystem.

• The majority of transactions (78.8%) in the ecosystem are related to $HONEY activities, including borrow, supply, repay, and withdraw. 🍯🔄

• The highest daily transactions occurred on December 26, with 370K transactions 🔄📅

$HONEY supply, the most popular task on BEND, has over 4M transactions conducted by 1.4M unique addresses 🍯

Highest daily supply: 205M $HONEY on July 10 🍯📊

Highest daily supply transactions: 112K transactions on December 26 🔄📅

(Berachain native Stablecoin)

Source

• Over 2.5M unique addresses have minted 588.16M $HONEY across 9M transactions 🔄

• 96.89% of mint transactions used USDC as collateral, (82.08% of all $HONEY minted 💵)

• DAI and USDT rank as the 2nd and 3rd most used collateral types respectively 🏦

• Most unique minters: 115K addresses on July 21 🏦

• Most $HONEY minted: 100.4M $HONEY on October 19 🍯

• Most mint transactions: 122K transactions on October 8 🔄

• Over 475K unique addresses have redeemed 594.4M $HONEY across 2.33M transactions 🔄

• 93.29% of redemption transactions were for USDC, (99.14% of all $HONEY redeemed 💵)

• USDT and DAI rank as the 2nd and 3rd most popular collateral destinations respectively 🏦

• Most unique redeemers: 28.8K addresses on October 9 🏦

• Most $HONEY redeemed: 97.34M $HONEY on September 10 🍯

• Most redemption transactions: 34.4K transactions on October 9 🔄

iBGT is a liquid staking token developed by Infrared, a prominent intent-centric strategy provider and validator within the Berachain ecosystem.

Source

• Approximately 58k unique addresses have claimed 2.41M $iBGT tokens in 1.5M transactions

• The HONEY-USDC LP vault is the most popular for depositing $iBGT, accounting for 43.51% of all claimed tokens 💰

• 22 Aug saw the highest daily $iBGT claimed, with 286.5k $iBGT distributed

✨45k unique depositors have deposited a total of 301.65 LPs across 364k transactions 📊

✨14 Oct holds the record for the most daily deposits, with 55.32 LPs added, while 25 Aug saw the most daily deposit transactions, totaling 7.96k 🔄

✨The top 10 addresses account for approximately 3% of all LPs deposited 🏆

Berachain Top NameService

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• 211k+ unique users have minted a total of 438k names across V2 and V3, paying over 842k $BERA

• 16 Dec holds the record for the most daily names minted, with 21.4k names on V2 and 1.47k names on V3 🔥

• Most users minted only 1 name (89.68% on V2 and 82.19% on V3)

• 183 addresses on V2 and 164 addresses on V3 minted more than 50 names 🏆

• The majority of minted names (56% on V2 and 48.73% on V3) are 6-10 letters long, predominantly consisting of "all letters" 📝

• The longest minted name spans 1056 characters on V2 and 648 characters on V3 🔡📏!

The second top NameService on Berachain

Source

• More than 227k unique addresses have minted over 580k names

• The highest daily names minted was on 20 Dec, with 23.8k names

• Most users (56.23%) have minted 2-5 names, while 38% have minted only 1 name

• The top 10 addresses have collectively minted 1,924 names 🏆

  More than 850k $BERA has been generated on Bartio through Berakin mints, with an average of 1.93 $BERA per name. In comparison, the total $BERA generated through ZNS names is 34.95 $BERA (averaging 0.000061 $BERA per name)—about 24.3 times less than Berankin

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