How Berachain is Adapting to Market Validation
Berachain recently upgraded its BERA tokenomics to enhance usability and revenue potential. This change enables BERA to shift from a utility token used for staking and gas to a potentially revenue-generating asset. Specifically, a portion of the incentives, traditionally directed towards BGT, will now flow back to BERA, creating a 33% yield for those who stake their BERA. Smokey from Berachain noted that this adjustment aligns with market demands, simplifying BERA's applications and enticing developers to create yield-generating loops around the asset. With a recent market cap of $1 billion, BERA's value has faced challenges, down-trending over the last three months. As crypto investors favor straightforward trading functionalities, Berachain aims to blend Web2 functionalities with their blockchain approach, focusing on proof of liquidity and the sustainable generation of revenue through applications built on the chain. The strategy signifies a commitment to adapt to market trends while aiming to boost network activity and user engagement.
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