🌎 Polymarket Users Predict 2024 Berachain Airdrop

Berachain Airdrop Expected in 2024, Say Polymarket Users

Berachain, a leading Polychain-backed layer-1 network, is anticipated to launch its airdrop in 2024, according to a majority of Polymarket users.

Berachain Airdrop Odds on the Rise

A Polymarket poll with over $669,000 in funds suggests a 67% probability that Berachain will launch its token this year. This poll has proven accurate before, with users correctly predicting the recent Scroll (SCR) and Swell airdrops.

Additionally, another Polymarket poll with $55,528 now places the chances of a Berachain airdrop happening this year at 72%, up significantly from this month’s low of 42%.

Strong Financial Backing and Progress

Berachain is among the most well-funded layer-1 networks in the blockchain industry. It has raised millions from notable investors, including Polychain, Hack, Framework Ventures, and Brevan Howard Digital assets. In April 2023, the network secured $42 million, followed by an additional $100 million in March of this year, achieving a unicorn status with a $1 billion valuation.

Focused on Decentralized Finance, Berachain has made significant strides since its last fundraising round in March. In June, it launched the public testnet bArtio B2 and recently partnered with Binance, which integrated its testnet. This partnership raises the possibility of Binance listing the token when it goes public.

Growing Ecosystem

Berachain has attracted numerous developers who have launched various projects on the network. For instance:

BEX: A platform for swapping tokens and providing liquidity.
Honey: A platform for minting and redeeming Berachain’s native stablecoin.
Bend: Allows users to supply and borrow the $HONEY token.

Competitive Landscape

Many mainstream networks have launched their airdrops this year. For example, Wormhole, a leading bridging solution, launched its airdrop a few months ago and has achieved a fully diluted valuation (FDV) of $2.8 billion. ZKsync has an FDV of $2.6 billion, while EigenLayer is valued at $5.3 billion.

Berachain’s key challenge lies in growing within a highly competitive market, where blockchains such as Ethereum, Solana, Base, and Tron dominate. It will also face competition from Injective, a DeFi-focused network supported by Mark Cuban, Binance, and Pantera.