Within 20 days of its Mainnet launch, Berachain has surpassed major blockchains such as SUI, Avalanche, and Arbitrum, in Total Value Locked (TVL), after hitting $3.27 billion.
Berachain secured the sixth position in DeFi TVL following the new feat before slipping to the seventh spot right behind Base.
Berachain's rapid growth and expanding ecosystem have been fueled by major protocols, including liquid staking platform Infrared Finance and decentralized exchange Kodiak.
Despite facing controversy over BERA airdrop allocations, Berachain raised $100 million in a recent funding round to strengthen its presence in multiple regions.