Berachain is an EVM-compatible Layer 1 that introduced Proof of Liquidity (PoL), a design connecting network emissions with application liquidity. Its original BERA–BGT–HONEY explanation is now dated: under the later PoL Next model, BGT is deprecated as a user-facing asset and emissions are routed differently.
| Stat | Value |
|---|---|
| Ticker | BERA |
| Price | $0.1761 |
| Market Cap | $61.74M |
| 24h Change | +3.3% |
| Circulating Supply | 350.557M BERA |
| Total Supply | 563.064M BERA |
| Max Supply | No fixed cap listed |
Proof of Liquidity after PoL Next
PoL links validator-directed emissions with reward vaults and application incentives. The early design used BERA for gas and validator staking, BGT as a non-transferable governance and emissions token, and HONEY as a stablecoin. That three-token summary is historical context, not a description of the current user-facing model.
Berachain’s PoL Next announcement says fixed BERA emissions replace the former BGT-centered reward flow, while the incentive marketplace and reward vaults remain part of the system. The official docs now mark BGT as deprecated from the pre-Next model. They describe sWBERA vault shares and WBERA emissions in the current terminology. Check current official docs for rollout and migration details.
BERA and supply economics
BERA is Berachain’s native token and is used for network fees and validator staking. CoinGecko currently lists no fixed maximum supply; it reported 350.557 million BERA circulating and 563.064 million total supply on 2026-10-22. Emissions, validator rewards, and circulating supply can change under protocol rules.
Staking or using reward vaults involves protocol, validator, smart-contract, liquidity, and market risks. Token rewards are variable; they should not be read as guaranteed yield or as proof that incentives produce durable demand.
What PoL does and does not mean
PoL is an incentive and emissions design, not a promise that every liquidity provider earns profit. Rewards depend on the current protocol configuration, eligible vaults, validator routing, app economics, and token prices. Changes to BGT and PoL Next also mean older guides can describe a design that is no longer active.
Social Media Sentiment
- BeraHub forum: The project’s May 2026 PoL Next post explains the move away from BGT as a user-facing asset and describes sWBERA-centered value accrual. The thread had only one reply when checked; it is an official announcement with too little independent discussion to infer broad community sentiment.
Last updated: 2026-10
Related Terms
See Also
- Are Layer 2 Networks Actually Decentralized?
- Is Ethereum Staking Making the Network More Centralized?
- What Is Restaking — And Why EigenLayer Made It the Most Debated Idea in DeFi
- Swap crypto with ChangeNOW
Sources
- Berachain documentation glossary — The current documentation labels BGT as deprecated and defines validator staking, reward vaults, and sWBERA.
- BeraHub: PoL Next announcement — The May 2026 announcement describes the updated emission flow, BGT deprecation, and sWBERA role.
- CoinGecko BERA market data — CoinGecko reports current BERA market data and circulating, total, and maximum-supply fields.