Berachain Mainnet Launch Imminent: Exploring Ecosystem Highlights and Star Projects
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Berachain Mainnet Launch Imminent: Exploring Ecosystem Highlights and Star Projects
This article analyzes and provides an overview of Bera's ecosystem from the perspective of previous activities and future mainnet developments.
Navigating Web3 tides with focused insightsAuthor: Pzai, Foresight News
On February 4, Berachain officially announced the mainnet launch on February 6, sparking immediate market attention and discussion. This article analyzes Bera's ecosystem from past activities and future mainnet development perspectives.
Activity Recap
As a liquidity-focused blockchain, Berachain required substantial preparation to accumulate liquidity. Previously, Berachain launched the Boyco mainnet liquidity pre-deposit campaign, partnering with protocols such as Ethena, Etherfi, and Lombard to allow users to deposit liquidity from Ethereum into DeFi protocols within the Berachain ecosystem. The campaign attracted over $3.1 billion in assets, which will be transferred to the Boyco dApp upon mainnet launch.
Regarding airdrops, 2% of BERA tokens will be distributed to all liquidity providers, who can also earn APY returns from their deposited liquidity. Additional airdrops are also expected from ecosystem projects.
Besides the Boyco liquidity pre-deposit campaign, Berachain leveraged its EVM compatibility to attract numerous developers and users to interact with its testnet. Users accumulated on-chain activity records by trading on DEXs (e.g., swapping BERA for STGUSDC), minting the stablecoin HONEY, and participating in liquidity mining and lending protocols.
Since launching its second testnet v2 Bartio in June 2024, Berachain’s address count surged from 6.4 million to 240 million, with peak daily active addresses reaching 7 million and attracting over 270 ecosystem projects.
Based on NFT task completion data from platforms like Galxe, testnet contributors are expected to receive 2%-5% of the total token supply, with early NFT holders (such as the Bong Bears series) likely receiving higher weightings.
Ecosystem Outlook
Berachain’s mainnet competitive advantage lies in its Proof-of-Liquidity (PoL) consensus mechanism and tri-token economic model (BERA, HONEY, BGT, etc.). BGT is the core token of the Berachain ecosystem, primarily used to incentivize liquidity providers and validators. Users earn BGT by providing liquidity in Berachain’s native DeFi applications. BERA and HONEY serve as network transaction fees and stablecoin, respectively, ensuring ecosystem diversity and utility. The PoL mechanism tightly integrates liquidity provision with network validation, avoiding the fragmented liquidity issue common in traditional PoS networks. Validators have voting rights on reward distribution for liquidity pools, further enhancing incentives for liquidity providers.
Within the ecosystem, liquidity providers earn BGT token rewards by supplying liquidity to protocols. Validators stake BGT tokens to participate in network validation and receive block rewards and transaction fee shares. Applications built on the Berachain network can boost their own liquidity pool rewards by incentivizing liquidity providers.
Kodiak, Berachain’s native DEX, supports not only Uniswap V3-style concentrated liquidity (CLAMM) but also developed the "Island" feature, which optimizes returns through dynamic adjustment of liquidity ranges and standardizes LP tokens for compatibility with other protocols (e.g., Infrared’s liquid staking). Users providing liquidity via CLAMM pools can earn BGT rewards and may delegate their BGT to validator nodes operated by Kodiak, creating a compound strategy combining liquidity mining and governance yield. The project has already accumulated over 100,000 interactions during the testnet phase and plans to launch a no-code token creation tool called "Panda Factory," further lowering the barrier for new projects.
Dolomite, a lending protocol on Berachain, allows users to stake BGT as collateral to amplify liquidity mining yields up to 5x, enabling leveraged yield farming while hedging against market volatility, thus forming a sustainable leveraged mining ecosystem. Additionally, the platform will distribute 20% of DOLO tokens via airdrop to long-term borrowers and community contributors, and enhance governance participation through the veDOLO locking mechanism.
Infrared Finance, a liquid staking protocol on Berachain, enables users to convert BGT into tradable iBGT tokens. Users can stake iBGT to earn node rewards or deploy them into other DeFi protocols (e.g., the iBGT/BERA pool on Kodiak), unlocking BGT liquidity and stacking yields. As the protocol with the highest BGT delegation volume during the testnet phase, Infrared uses node operation revenue to buy back and burn its governance token IRED, establishing a deflationary model.
Berps (Berachain Perpetuals), a native perpetual contracts platform, uses the HONEY stablecoin as margin and leverages deep liquidity from BEX under the PoL mechanism. It employs dynamic price oracles to reduce trading friction and supports up to 100x leverage. The platform also adopts batch order processing (Batch-A2MM) and off-chain matching solutions to prevent sandwich attacks and improve retail trading experience.
Honeypot Finance, a core DeFi protocol on Berachain, offers full-cycle token services through three sub-protocols:
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Henlo DEX: An MEV-resistant DEX supporting limit orders and batch trading, reducing slippage via aggregated liquidity.
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Dreampad: A launchpad using fair token offering (FTO) model, where 100% of project tokens are publicly sold with no allocation reserved for the team.
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Pot2Pump: A bot-resistant Meme coin issuance platform featuring a 24-hour refund mechanism to reduce fraud risks.
The project uses node operation revenue to buy back and burn HPOT tokens and distributes rewards to BGT delegators, creating a governance flywheel and value capture loop.
Conclusion
Berachain redefines the alliance between validators, developers, and users through Proof-of-Liquidity, directly linking on-chain activity with token value. After mainnet launch, if core protocols like Boyco can continuously attract external capital, Berachain may become the first blockchain to realize "liquidity as security," introducing a new narrative to the Layer 1 sector. However, challenges remain—balancing BGT governance centralization risks and maintaining HONEY stability will be critical to the ecosystem’s long-term health.
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