Oh hey there, financial wizards! Berachain, the layer-1 network that’s growing faster than my coffee addiction, is on a roll. Its token is climbing, and its DeFi scene is booming like a teenager’s hormones. 📈
Berachain (BERA) hit $8.60 on Thursday, which is a 60% jump from its March low. That’s like going from ‘meh’ to ‘wow’ in the blink of an eye! 💃
This surge is like a runaway train, thanks to the network’s growth spurt. Take the decentralized exchange industry, for example. Protocols on Berachain are getting more popular than cat videos on the internet. 🐱
DeFi Llama’s data shows these protocols handled a whopping 105% more volume, reaching $519 million. That’s pushed the network’s total volume to $2.17 billion, with BEX processing $364 million in a week. Who’s counting, right? 🤑
Other DEXs in the Berachain fam, like Kodiak, Bulla Exchange, and Amped Finance, also saw their volumes double. It’s like everyone’s throwing a party and nobody wants to leave! 🎉
Berachain’s total value locked in DeFi is climbing the charts, making it the seventh-biggest chain in crypto. Its assets jumped by 40% in 30 days to $2.94 billion, while its stablecoin market cap hit $2 billion. That’s a lot of zeros! 💰
While other big chains like Solana, Ethereum, and Tron are taking a nap, Berachain’s DeFi and DEX growth is like a caffeine-fueled sprint. Their TVL dropped by over 20% in 30 days. Oops! 🙈
BERA also got a boost from the launch of proof of liquidity, which is like adding rocket fuel to the decentralization party. 🚀
BERA Price Analysis
The two-hour chart shows Berachain’s price has been on a steady climb, like a squirrel on a mission. It rose from $5.2830 to a high of $9.50 and is hanging out just above the 50-period moving average. Chill vibes! 🌴
The token formed a cup and handle pattern, with the upper side at $9.16. The recent pullback created the handle, like a perfectly poured cup of coffee. ☕
This cup has a depth of 38%, and if we measure from the upper side, we’re looking at a potential move to $12.60. That’s a 50% increase from current levels. Buckle up, folks! 🎢
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2025-03-27 21:03