On June 9, 2024, Berachain's public testnet, Bartio B2, went live. This report analyzes Berachain starting from that date👇

Berachain 🐻⛓

@berachain

Berachain's Public Testnet bArtio B2 is now live.

Hot Bera Summer begins at:

berachain.com

10.6K

11:50 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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  In the weekly reports, we can see that the week of December 23-29 had the highest fee paid, with a %1540 increase compared to the previous week.

  You can find each weekly report by following my report threads on X (the link to the second tweet of each report will show the last week's report)

  Users Analysis

  

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

Top 10 addresses account for 3.71% of all blockchain transactions, totaling over 19M 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%
4⃣ BeraLand – 7.71%
5⃣ TTT vn – 6.45%

Top Validators Based on Delegators (Current Ranking):

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

65.2M $BGT has been delegated, with only 4% of users participating in delegation.

• 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 have delegated 26M $BGT, which accounts for 40% of all 65M $BGT delegated.

The HONEY-WBERA Vault by BEX has the most deposit transactions among top vaults, with 8.87M deposits from 2.45M unique addresses💰.

(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 🔄

$HONEY Minting Insights:

• 91.26% of all $HONEY is minted by the top 10 addresses

• 40.49% of minters minted 0.1-0.5 $HONEY, and 73.6% minted less than 1 $HONEY

• 69.36% of minters executed only 1 mint transaction 🔄, with just 5.64% minting in more than 10 transactions 🔁
  

$HONEY Redemption Insights:

• 76.35% of all $HONEY is redeemed by the top 10 addresses 🏦🍯.

• 26.35% of users redeemed 0.1-0.5 $HONEY, while 59.58% redeemed less than 1 $HONEY

• 36.94% of redeemers executed only 1 redeem transaction 🔄, with just 8.95% redeeming in more than 10 transactions 🔁
  

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

Source

• 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 address 0x7f447... has minted 1829 names on V2 and 726 names on V3, with nearly all names consisting of repeating "drop555" !

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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Thank You for Reading!

Thank you all for following my work this year. Your support means a lot, and I’m excited to continue sharing insights with you❤

A special wish for Berachain🐻⛓ as they approach their mainnet launch in Q5😜—good luck on this exciting journey!

Stay connected with me for more updates and analysis:

• Twitter , FlipsideCrypto , Warpcast

Looking forward to another great year ahead and Thanks again!

/So far, 1880 unique traders have made 3460 trades on this collection!

March 14 had the most traders (235 traders), and on March 13, the most trades were done (399 trades).

94.53 ETH (61.47 ETH for platform fee and 33.06 for creator fee) has already been paid for fees. This amount is equal to 33.78k USD. The most fees were paid on March 31 (about 43k USD).

These buys and sells on the Base blockchain have generated over 4.65 ETH (equivalent to $18,230) in fees for traders.

Totally, the on-chain trading volume for 'Onchain Gaias' is about $8.7 million; March 31st, with a $1.14 million daily volume, holds the daily record.

This collection has experienced numerous price fluctuations since its launch, but the general trend is upward.

The highest daily average price reached 1.89 ETH on April 1st, the day following the record for the highest daily trading volume.

About two-thirds of holders (2046 holders) have just one NFT, while 13% (358 holders) have two NFTs.

16 wallets hold more than 20 NFTs😎

The top user (0xaca...) has made 239 trades, while the second and third traders have made 193 and 156 trades respectively.

67.78% of traders (2691 users) have only made one trade, whereas 167 traders have made more than 10 trades.

The top profitable trader (0x115...) made approximately $97000 trading this collection. Upon checking this address in the traders table, we observe that this address has made a total of 37 trades. Furthermore, upon inspecting the address with 237 trades, we can see that it has generated $12,331 from trading.

1004 wallets (35%) have made profits ranging from $100 to $500 trading this collection. On the other hand, 131 wallets have incurred losses ranging from $100 to $500 in trading.

The most profitable users made between $100 and $500, while the majority of losers incurred losses ranging from $1000 to $5000.

To access all updated data and full details, please visit my dashboard and please like it if find it helpful ❤

Also don't forget to tip me $DEGEN on warpcast 🙌😍

🪙$DEGEN🪙

$DEGEN, an ERC-20 token launched in January 2024, has reshaped the Farcaster ecosystem by enabling Casters to reward others with $DEGEN for posting quality content.

This points system recognizes unique posts and comments, effectively bridging the gap between online contributions and real-world value.

Many users on Farcaster use this token to tip each other and promote high-quality content. Additionally, the recent price pump of this token has garnered more attentionIn this dashboard, I will investigate this token...

🔸There are about 37 billion $DEGEN tokens, giving it a market cap of over $558.34 million at the latest price.

🔸So far, $DEGEN has 54460 holders, with an average holding amount of 239k tokens and a median (a more reliable metric) holding amount of 1370 tokens.

🔸The price of $DEGEN is currently 0.0085, and it has been increasing in all recent market conditions!

🔸More than 50% of the total supply is held in token contracts, with the top holder (0x704E...) holding more than 15 billion tokens in its multisig wallet.

🔸Excluding these contracts, the top address holds 314 million tokens, which is about 0.85% of the total supply.

👉Note: You can search your address in the search section to see your holdings and your rank among all users.

🔸Most $DEGEN holders (58.61%) own hold than 100 tokens, totaling 4.4 million tokens (0.01% of total supply).

👉With 100 $DEGEN worth less than 10 cents, these holders are unlikely to interact with their tokens in the future unless they purchase more.

🔸44184 users chose to trade $DEGEN on-chain, executing a total of 210394 trades and generating a trading volume of $251.8 million.

🔸There was a huge amount of token transfers after March 14th, while the trading volume remained almost steady in a stable manner.

Last $DEGEN swaps:

🔸Almost all trading volume (96.8%) is through Uniswap, which is chosen by 76% of traders. Additionally, 85% of trades have been conducted using Uniswap

🔸Overall, in most days, the sell pressure exceeded the buy pressure. However, recently, the sell pressure has been less than in the initial days.

To see all detailed analyses and upcoming updates, visit my dashboard (and like it🙃🥰)

This dashboard is made by Mrfti using FlipsideCrypto database:

You can find me on: Twitter, Warpcast, Hey and Discord: Mrfti

Don't forget to tip me with $DEGEN on warpcast =)