Berachain can be considered one of the most anticipated Layer 1 projects in 2025. This expectation and anticipation is confirmed by the amount of capital that investors have poured into the Boyco Market - a liquidity-generating platform before its launch - to support the Berachain ecosystem.
Here are some observations from BeInCrypto about the community data and opinions on Boyco and Berachain.
The Total Value Locked (TVL) on Boyco Market exceeds $2 billion, with over 150,000 users
One of the biggest challenges for new dApps is attracting users and liquidity from the start. Boyco solves this by allowing dApps to attract liquidity beforehand, facilitating their launch process.
This mechanism will allow users to deposit assets into dApps for a chance to receive rewards like airdrops from projects participating in Boyco. Not every project can easily join the Boyco Vault, but only those that meet Berachain's requirements such as security, necessary deposit amount, investor attention, innovative ideas, etc.
Total amount accumulated in Berachain pre-deposit Vaults. Source: Dune/@thjAccording to data from Boyco and Dune, Boyco has attracted over $2.2 billion into its pre-deposit vaults, with 150,000 participants, indicating the community's strong interest in Berachain and its ecosystem dApps. This ensures that when the mainnet is launched, the dApps will have sufficient liquidity to operate effectively.
"I've experienced the dApps of this chain. It seems a bit laggy and slow. However, the fees seem cheap, I wonder how the mainnet will be." - User iChip8x commented.
Vietnamese community KOLs predict positive outlook for Berachain
Observing the community, Vietnamese investors are also particularly interested in this project. Cryptorank data shows that Berachain has raised $142 million and has a valuation of over $420 million. However, many KOLs in the community expect Berachain's valuation to go much higher than that.
"Berachain will be the chain with the most and most unique dapps ever launched. It's very easy to get into the top 5 TVL, it's currently in the top 8 and will surpass Sui, Hyperliquid and Aptos." - Investor hoangtheduc1234.eth commented.
Since Boyco has a high TVL, the community expects Berachain's diluted market capitalization to also set a high level, possibly even higher than the leading Layer 1s in the market.
| Layer 1 | FDV Market Cap (USD) | TVL (USD) |
|---|---|---|
| Ethereum | ~$400 billion | ~$65 billion |
| Solana | ~$148 billion | ~$11.5 billion |
| Sui | ~$42 billion | ~$1.8 billion |
| Hyperliquid | ~$22 billion | ~$1.4 billion |
| Avalanche | ~$16 billion | ~$1.4 billion |
| Berachain | ??? | ~$2.2 billion |
Looking at the table, Berachain has a TVL that surpasses many Layer 1s, even exceeding Sui, so it could have a diluted market capitalization of over $42 billion. However, a recent survey conducted by the CryptoTelugu account in early January showed that most investors expect Berachain's FDV to be around $15 billion.
"I think it will be a bit higher than Movement (MOVE) (maybe around $12-15 billion). But this also depends on the IMC (Initial Market Cap). I'm not sure the $BERA community will hold their airdrop as strongly as Hyperliquid (HYPE). Simply because there is no real reason to use Berachain if you're not an 'airdrop hunter' right now. And we all know what 95% of airdrop hunters will do after the TGE (Token Generation Event)..." - Investor VietnamPenguin predicted.
For now, according to the announcement, the project says it will have three different tokens: BGT, BERA, and HONEY. BGT is the Governance Token of Berachain, BERA is the transaction fee token and reward for validators, and HONEY is a stablecoin pegged to the USD value. This may make the valuation issue more complex.
Also Read: The Story of VINE Coin: From Obscurity to a $240 Million Market Cap
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