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Berachain is the first Proof of Liquidity EVM-compatible L1 blockchain network. It aims to develop a new blockchain economy model designed to cooperate with node runners and decentralized applications towards the common goal of incentivizing liquidity on the Berachain crypto network. Berachain is powered by the governance token $BGT, native gas fees token $BERA, and stablecoin $HONEY, each playing its own unique role in supporting the operation of the network.
On May 20th, 2024, the company closed a $42M Series A funding round led by Polychain Capital, with other top-tier funds including Shima Capital, GoldenTree Asset Management, and others.