As a seasoned researcher with over two decades of experience in the blockchain industry, I’ve seen my fair share of projects come and go. However, the recent surge in Berachain’s airdrop odds on Polymarket has piqued my interest. With well-known backers like Polychain, Hack, Framework Ventures, and Brevan Howard Digital assets, and a significant fundraising of $142 million, it’s hard not to take notice.
As a researcher, I’m keeping a close eye on the anticipated launch of the airdrop for Berachain, a highly recognized layer-1 network backed by Polychain, which is projected to occur in the year 2024, as suggested by many active participants on Polymarket.
Berachain airdrop odds are rising
According to a Polymarket survey with roughly $669,000 in backing, there’s approximately a 67% chance that Berachain will release its token this year. This poll has shown accuracy previously as users correctly forecasted events like the Scroll (SCR) airdrop and the confirmed Swell airdrop.
A recent survey by Polymarket estimates a 72% likelihood that the Berachain airdrop will occur this year. This is an increase from the lowest point this month, which stood at 42%.
Among several emerging standalone blockchain networks, Berachain stands out as one that has secured significant funding. It has successfully attracted investment in the millions from established backers like Polychain, Hack, Framework Ventures, and Brevan Howard Digital Assets.
In April 2023, the network successfully gathered $42 million. Then, in March of this same year, they added another $100 million to their funds. As a result, they now hold a “unicorn” title and are valued at $1 billion.
Berachain, centered around Decentralized Finance, has seen significant advancements since its last funding round in March. They debuted their public test network named bArtio B2 in June. More recently, they’ve partnered with Binance, who incorporated Berachain’s testnet. This partnership hints at the likelihood of listing Berachain’s token when it becomes publicly available.
Berachain ecosystem is growing
On Berachain, numerous developers have created diverse projects within its network. For instance, BEX serves as a token exchange and liquidity provider, Honey functions as a platform for minting and redeeming Berachain’s native stablecoin, while Bend enables users to lend and borrow the $HONEY token.
2021 has seen several prominent networks roll out their airdrops. Recently, Wormhole, a top-tier bridging solution, distributed its airdrop. It has since reached a fully diluted valuation of approximately $2.8 billion. ZKsync currently stands at a fully diluted value of $2.6 billion, while EigenLayer boasts an impressive valuation of $5.3 billion.
As a crypto investor, I find myself closely watching Berachain’s journey in a fierce market filled with dominant players such as Ethereum, Solana, Binance Smart Chain, and TRON. However, it’s not just these giants that Berachain will face competition from; it also has Injective on its radar – a DeFi-focused network that boasts high-profile backers like Mark Cuban, Binance, and Pantera Capital. This competitive landscape promises an exciting ride for all crypto enthusiasts!
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2024-10-17 17:46