Berachain (BERA)
Berachain ranks #90 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #526: 436 of the 525 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 533 non-native assets CoinSpectrum lists above it by market cap, about 49% are tokens, 44% are claims on other assets, 7% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 63/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #90 |
| Rank counting claims | #526 |
| Market capitalisation | $37M |
| Price | $0.1022 |
| Circulating supply | 365,438,639 BERA |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Proof of Liquidity (CometBFT) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 63 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 59 to 68 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 7.9 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.8 | no fixed maximum; 365 million in circulation |
| Distribution | 6 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 1.1 | 88.8% of today's supply allocated at launch to founders, a company, a foundation or investors. 500M BERA allocated at the Feb 2025 genesis (investors 34.3%, core contributors 16.8%, airdrop 15.8%, community initiatives 13.1%, ecosystem R&D 20%), against ~563.2M current total supply (CoinGecko, 2026-10-23). source |
| Fundraising (share sold) (Source) | 7 | Sold by its issuer or insiders: 30.5% of supply sold. The investor allocation of 34.3% of the 500M genesis (171.5M BERA) covers the seed, the Apr 2023 $42M token round and the Apr 2024 $100M Series B. No public sale was held. 171.5M / ~563.2M current total supply (CoinGecko, 2026-10-23) = 30.5%. $42M private token round (Apr 2023, led by Polychain Capital) and $100M Series B (Apr 2024, led by Framework Ventures and Brevan Howard Digital); seed round also included in the 34.3% investor allocation. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Proof of Liquidity emits BGT to validators (a base share) and to the reward vaults they direct emissions to, which pay liquidity providers and users; BGT burns 1:1 into BERA. No foundation or treasury share is written into the emission. source |
| Decentralisation | 1.7 | average of 3 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: Validators halted the chain deliberately on 3 Nov 2025 after the Balancer V2 exploit, and an emergency hard fork rolled state back to recover funds. source |
| No central team (Source) | 0 | A central team directs it: Berachain Foundation / Big Bera Labs maintain the only consensus client, berachain/beacon-kit, under the Business Source License 1.1 (the execution forks bera-reth and bera-geth are open source). source |
| Who can mint (Source) | 5 | Gated by stake rank: only a capped set of the largest stakes produces blocks |
| Nodes (Source) | – | Not yet counted |
| Security | 6 | 4.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 7 | largest 35%, largest three 54.1% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 7.9 | about 97,560 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Jul 2026 |
| Open source (Node software) | ✗ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7.9 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0001 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 8.2 | about 857 simple transactions a second |
| Block time (10 minutes 10, less either side) | 1.1 | a block every 2 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 0.9 MB limit (converted from its gas, compute, mass or count limit), 270 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | BeaconKit on CometBFT gives single-slot deterministic finality with 2 s blocks. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | CometBFT block retention plus execution-client pruning. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | BeaconKit consensus runs on CometBFT, whose light client verifies headers from validator signatures. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Any secp256k1 key can hold and send BERA; the chain's account and transfer rules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | Execution clients and CometBFT gossip transactions directly. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | ERC-20 contracts on its EVM execution layer, open to any account. |
| Smart contracts (General-purpose) | 2 | An EVM-identical execution layer open to any account. |
| Multisig and time locks (Without a third party) | ✓ | Multisig and timelock contracts on the EVM. |
| Atomic swaps (With other chains) | ✓ | EVM HTLC contracts (hash lock plus timelock refund). |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Berachain, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains documented. |
| NFTs (Carried by the chain's rules) | ✓ | ERC-721 contracts on the EVM. |
| Demand | 6.4 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 36 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.1 | $3,400,840 traded in 24 hours; #278 by volume on the exchanges the site reads (scored on the median day of the last 30, $3,360,521) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.4 | 6.4% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 9.9 | $349,422 within 2% of the price on 9 exchanges, 0.94% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 3.9 | $37M, 3.9 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 5.2 | futures, options and margin positions 23% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 5.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 1 | 1 full year since 2025-02-06, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 6 | 2 positive, 1 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 312 commits in 12 of the last 12 months (github.com/berachain/beacon-kit); berachain/beacon-kit v1.4.1, 2026-06-23 (v1.4.2-rc.0 2026-07-15); bera-reth v1.4.4, 2026-07-29; 25 stable beacon-kit releases in 24 months. |
| Shipped a security fix in two years, +1 | ✓ | beacon-kit v1.3.6, Jan 2026: critical CometBFT patch; v1.3.8, Apr 2026: fixed a remote crash via crafted P2P packet. |
| Negative | ||
| Unfixed vulnerability, disclosed 2026-02-17, −1 | ✗ | go-ethereum GHSA-2gjw-fg97-vg3r (CVE-2026-26314, High) lets a crafted p2p message crash the node through unchecked secp256k1 point coordinates; bera-geth v1.011608.0 (geth 1.16.8 base), one of Berachain's two supported execution clients, lacks the 1.16.9 coordinate check. github.com github.com github.com |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2025-11-03 | ✗ | Validators halted the chain on purpose after the Balancer V2 exploit drained about $12.8M from BEX; an emergency hard fork shipped before blocks resumed, and the funds were returned by a white-hat MEV operator after the restart. theblock.co crypto.news |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
Concordium CCDB
Hydration HDXB
KUB Coin KUB
Flow FLOWAAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
365,438,639 BERA are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 88.8% of today's supply |
|---|---|
| Sold by the issuer or insiders | 30.5% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
500M BERA allocated at the Feb 2025 genesis (investors 34.3%, core contributors 16.8%, airdrop 15.8%, community initiatives 13.1%, ecosystem R&D 20%), against ~563.2M current total supply (CoinGecko, 2026-10-23).
$42M private token round (Apr 2023, led by Polychain Capital) and $100M Series B (Apr 2024, led by Framework Ventures and Brevan Howard Digital); seed round also included in the 34.3% investor allocation.
The investor allocation of 34.3% of the 500M genesis (171.5M BERA) covers the seed, the Apr 2023 $42M token round and the Apr 2024 $100M Series B. No public sale was held. 171.5M / ~563.2M current total supply (CoinGecko, 2026-10-23) = 30.5%.
Proof of Liquidity emits BGT to validators (a base share) and to the reward vaults they direct emissions to, which pay liquidity providers and users; BGT burns 1:1 into BERA. No foundation or treasury share is written into the emission.
Sources: docs.berachain.com · coingecko.com · docs.berachain.com · theblock.co · decrypt.co · tesseract.beehiiv.com. Researched 2026-10-24, medium confidence.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Berachain
Berachain is #90 among cryptocurrencies and #526 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 436 places between Berachain's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).