Berachain ranks #82 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #431: 349 of the 430 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 438 non-native assets CoinSpectrum lists above it by market cap, about 55% are tokens, 37% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | C · 54/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #82 |
| Rank counting claims | #431 |
| Market capitalisation | $53M |
| Price | $0.1504 |
| Circulating supply | 351,084,675 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 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 54 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 48 to 59 (D to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.2 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 4 | 2.4 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.2 | no fixed maximum; 351 million in circulation: supply scale 8.4, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 1 full year since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✗ | an authority can 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. |
| Divisibility: the smallest unit worth a cent or less | ✓ | 18 decimal places, the smallest unit worth $1.5e-19 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.0001; about 857 transactions a second (8.3 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✗ | node software not open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Any secp256k1 key can hold and send BERA; the chain's account and transfer rules carry no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | Execution clients and CometBFT gossip transactions directly. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Scalability (fees, throughput, block time, block space, features) | 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; 119, the median of the ten busiest, 5) | 8.3 | 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 (32 MB or more 10) | 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 |
| Payments safe to accept within seconds | ✓ | BeaconKit on CometBFT gives single-slot deterministic finality with 2 s blocks. |
| Pruned nodes: a full node can validate and drop old history | ✓ | CometBFT block retention plus execution-client pruning. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | BeaconKit consensus runs on CometBFT, whose light client verifies headers from validator signatures. |
| Security (miner pay and 7 checks) | 4 | 4 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 35% |
| Largest three under 75% | ✓ | 54.1% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✗ | 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). |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 97,560 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | ERC-20 contracts on its EVM execution layer, open to any account. |
| Smart contracts: a general-purpose contract system | 2 | An EVM-identical execution layer open to any account. |
| Multisig and time locks | ✓ | Multisig and timelock contracts on the EVM. |
| Atomic swaps with other chains | ✓ | EVM HTLC contracts (hash lock plus timelock refund). |
| An exchange built into the protocol | ✗ | BEX, described as the built-in DEX, is a set of deployed contracts rather than a consensus rule. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol messaging to other chains documented. |
| Non-fungible tokens | ✓ | ERC-721 contracts on the EVM. |
| Decentralisation | 3.5 | section average, 6 of 8 measured |
| Censorship resistant (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) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | 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 | 1.1 | Sold by its issuer or insiders: 88.8% of supply was theirs to sell, 30.5% sold so far. 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 |
| Supply & Demand | 7.9 | group average |
| Supply & Demand (Source) | 7.3 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 36 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.1 | $2,323,489 traded in 24 hours; #300 by volume on the exchanges the site reads (scored on the median day of the last 30, $3,664,570) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.6 | 5.9% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 9.5 | $371,080 within 2% of the price on 9 exchanges, 0.70% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.3 | $53M, 4.3 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 5.4 | futures, options and margin positions 21% of its market cap |
| Supply (smaller is better) | 8.4 | no fixed maximum; 351 million in circulation |
| Record | 5.3 | group average |
| Record (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 ~$12.9M from BEX; an emergency hard fork rolled state back to recover funds before blocks resumed. |
| 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, improvements, unfixed issues) | 6 | 2 positive, 1 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 539 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. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). Provisional: criteria 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.
351,084,675 BERA are in circulation, against no fixed cap — issuance has no defined end.
| 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.
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.
Berachain is #82 among cryptocurrencies and #431 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 349 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).
See the 2 wrapped and staked claims on Berachain →