Key Takeaways
- Liquidity Expansion: Berachain saw a significant increase in liquidity, with over $200 million added in July 2024.
- Enhanced Validator Participation: Validator count and staking activity rose by 40%, improving network security and efficiency.
- Stablecoin Adoption: Usage of HONEY, Berachain’s stablecoin, grew by 30% across DeFi platforms.
- User Engagement: Governance activity and staking increased, reflecting strong community involvement.
- DeFi Integrations: New partnerships bolstered cross-chain DeFi capabilities.
Ooga booga Beras!
V2 is now three weeks old. Let's see what happend on the network and see if there is some traction!
We prepared several charts for you to get an impression what's going on in there Bera camp!
Transactions
Until the 29th of June more than 40.9 million transactions were performed on Berachain. Currently Berachain is doing ~2.6 million transactions per day! That's ~230% of Ethereum transactions per day!
Transaction Fees
Transaction fees are super low on Berachain - but in total 17,859 Bera were spent on transactions. That's ~2,055 Bera per day in fees.
Currently between 430 to 2,000 ETH are spent per day on fees on Ethereum mainnet.
Smart Contracts
With more than 9,000 smart contracts deployed by day in average, Ethereum wins this comparison. But in total 47,270 smart contracts were deployed on Berachain already (~2,055 per day).
Check out our ecosystem overview page for Berachain to find out what projects are out there: Berachain Ecosystem Page
(Is your project missing? Contact us to get listed!)
Active Addresses
There are already more unique addresses interacting with Berachain than with Ethereum.
This chart shows the amazing growth of the network.
Berachain is currently used by more than 622,000 unique Accounts - compared to 581,000 on Ethereum.
Faucet Claims
We analyzed the smart contract which is distributing the funds to users after the faucet claims. Currently ~120,000 claims per day can be identified, which is quite constant over the last days.
Staked BGT
Also, the staked BGT amount is skyrocketing. More and more users delegate their BGT tokens to validators. (more than 4.6 million BGT were staked - ~212,000 per day!)
(remember: you can also swap them for Bera 1:1)
Unique BGT Stakers
With the rising amount of accounts on Berachain also the unique BGT stakers per day are on the rise! Currently more than 30,000 accounts are staking their BGT rewards per day with validators!
Claimed BGT per Gauge
Where are the BGT coming from? They are coming from the Gauges (check out our blog posts on our website to learn more about gauges).
Currently BEND is distributing most BGT to users - followed by BERPS and BEX.
DEFI usage on Berachain
Based on all smart contract interactions Berachain's DEX is the most used defi protocol. Also nice to see that there is still a rise, and more and more interactions take place.
The information provided by DAIC, including but not limited to research, analysis, data, or other content, is offered solely for informational purposes and does not constitute investment advice, financial advice, trading advice, or any other type of advice. DAIC does not recommend the purchase, sale, or holding of any cryptocurrency or other investment.
