Berachain ranks #82 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #430: 348 of the 429 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 · 59/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #82 |
| Rank counting claims | #430 |
| Market capitalisation | $54M |
| Price | $0.1524 |
| Circulating supply | 351,066,109 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 — 59 out of 100, provisional (from 15 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 52 to 65 (C to B).
| 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 | 5.8 | group average, 4 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 3 | 3 of 10 passed source |
| Anyone can mint (permissionless) | ✗ | Proof of Liquidity (CometBFT) |
| Limited supply | ✗ | an issuer or vote can mint outside the schedule |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✓ | |
| No authority that 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. |
| No central team | ✗ | 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). |
| Fees under one cent | ✓ | typical fee $0.0001 |
| Payments safe to accept within seconds | ✓ | BeaconKit on CometBFT gives single-slot deterministic finality with 2 s blocks. |
| UTXO ledger | ✗ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 7.7 | average of 4 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0001 |
| Throughput (1,000 transactions a second or more 10) | 9.8 | 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 |
| Security (9 checks) | 4 | 4 of 9 passed source |
| Miners paid over $1 million a day | ✗ | not mined |
| Miners paid over $100,000 a day | ✗ | |
| 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 | ✓ | |
| Decentralisation: who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Decentralisation: nodes (Source) | — | Not yet counted |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 3.3 | 2 of 6 passed source |
| Decentralisation | ||
| 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. |
| 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. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | ✓ | CometBFT block retention plus execution-client pruning. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| Security | ||
| 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. |
| Issuance | 4.1 | group average |
| 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 | 6.6 | group average |
| Supply & Demand (Source) | 5.7 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 36 exchanges |
| Volume rank among the top 200 | 0 | $2,260,562 traded in 24 hours; #296 by volume on the exchanges the site reads (ranked 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 | $371,664 within 2% of the price on 9 exchanges, 0.69% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.3 | $54M, 4.3 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 1 | perpetual open interest 22% of its market cap |
| Supply (smaller is better) | 7.4 | no fixed maximum; 351 million in circulation |
| Record | 6 | 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) | 8 | 3 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. |
| Token issuance at protocol level, validated by its own nodes, +2 | ✓ | ERC-20 contracts on its EVM execution layer, open to any account. |
| 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 | – | |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). 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.
351,066,109 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 #430 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 348 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 →