Several users of Polymarket anticipate the well-known layer-1 network Berachain, which is supported by Polychain, to begin its airdrop in 2024.

Berachain Token Launch and Airdrop Outlook

Based on approximately $669,000 in funding, a Polymarket poll estimates a 67% possibility that Berachain will deploy its token this year. Meanwhile, a different poll with $55,528 implies a 72% probability for the airdrop, up from a low of 42%. With funding of $42 million in April 2023 and $100 million in March 2024, Berachain is one of the most well-funded layer-1 networks, valued at $1 billion. With a focus on decentralized finance, it has teamed with Binance and proposed a possible token listing. In June, it launched bArtio B2, a public testnet.

Berachain's Developer Ecosystem and Market Challenges

Developers have been drawn to Berachain and have launched a number of projects with it, including Bend for the provision and borrowing of the $HONEY token, BEX for token swaps, and Honey for stablecoin minting. Several major networks conducted airdrops this year; Wormhole, ZKsync, and EigenLayer all achieved fully diluted valuations (FDVs) of $2.8 billion, $2.6 billion, and $5.3 billion, respectively. Growing in a market dominated by blockchains like Ethereum, Solana, Base, and Tron, as well as competing with Injective, a DeFi-focused network supported by well-known investors, will be Berachain's biggest hurdle.