Berachain

Berachain is an EVM-compatible Layer 1 blockchain developed by a pseudonymous team — co-founders publicly known as Smokey the Bera, Dev Bear, Man Bera, and Papa Bear — under the Cayman Islands-registered Berachain Foundation, founded in 2022. Its defining feature is Proof-of-Liquidity, a consensus mechanism that ties validator rewards to liquidity provided to the network rather than pure staking, aiming to align security with deep on-chain liquidity. Berachain uses a tri-token model (BERA gas token, BGT governance token, and the HONEY stablecoin) and is built on a modular EVM-identical stack (BeaconKit). Mainnet and the BERA token generation event went live on February 6, 2025. The project raised a $100 million round in 2024 co-led by Brevan Howard Digital and Framework Ventures.