Berachain Surpasses Base, Reaches $3.26 Billion in TVL: A Look at the Top Projects Powering Its Success
An impressive development in the blockchain and DeFi ecosystems is that Berachain has officially nudged out Base and taken the 6th position—by Total Value Locked (TVL)—among blockchains, with a stunning $3.26 billion in assets.
So not only are we here on DeFiLlama enjoying the way Berachain has graced us with an increased TVL and departed Base for behind, we also recognize that Berachain is doing some right things with ambitious projects that are way more than just a speed bump on its path to the next price floor. Here’s a look at the 5 (really 6) projects leading to this rapid growth.
Berachain has officially surpassed Base and become the 6th highest chain with a TVL of $3.26 billion.
Top 5 Projects on @Berachain in terms of TVL.
● Infrared Finance → $1.52 billion
● Category ➺ Liquidity Staking● Kodiak → $1.107 billion
● Category ➺ Dex— Crypto Aman (@cryptoamanclub) February 24, 2025
Berachain’s Leading Projects: Pillars of Its Growing TVL
Berachain’s overall surge is driven by the strong performance of a handful of key projects, which contribute most of the platform’s total value locked. Let’s take a closer look at the top five Berachain-native projects that are making things happen and vaulting the chain up the rankings.
1. Infrared Finance – $1.52 Billion (Liquidity Staking)
At the forefront is Infrared Finance, a project for liquidity staking that now holds most of Berachain’s TVL and holds an incredible $1.52 billion. Liquidity staking is an up-and-coming opportunity in DeFi that nicely combines earning rewards while providing capital needed to make a decentralized finance protocol work. Infrared Finance has captured the demand and is now offering attractive yields to users while also anchoring Berachain in the market.
2. Kodiak – $1.107 Billion (Decentralized Exchange)
Next in line is Kodiak, a decentralized exchange (DEX) that has passed the impressive $1.1 billion mark in TVL. This is notable, especially as Kodiak has now surpassed Aerodrome on Base, which underscores the growing dominance of the DEX within Berachain’s ecosystem. The success of that platform reflects the demand for DEXs. Users continue to migrate toward these decentralized trading venues and away from their centralized counterparts.
You might be aware that two Berachain-native DEXes have climbed into the top 10 largest DEXes by TVL. @KodiakFi has soared past $1.1 billion in TVL, overtaking Aerodrome on Base, while BEX has also hit an impressive milestone, exceeding $740 million. pic.twitter.com/kLgXUlJH7Y
— Bera Daily 🐻⛓ (@Bera_Daily) February 24, 2025
3. Concrete—$802 Million (Yield Farming)
Yield farming, a project that really takes off, shows up as the top three, routing $802 million to Berachain’s overall TVL. Yield farming has proven to be a cornerstone of DeFi, allowing users to earn rewards by providing liquidity to various pools. Yield farming is almost certainly what Berachain has in mind when it says “turn up the APY,” with the average liquidity provider on Berachain earning $159,000 per year.
4. BEX — $743 Million (Decentralized Exchange)
Another performer that stands out is BEX, a second DEX on the platform that has crossed the $740 million threshold in TVL. With its impressive growth, BEX has cemented itself as one of the largest decentralized exchanges in the space, helping Berachain build its reputation as a hub for decentralized finance. The success of both Kodiak and BEX is a testament to the growing demand for not just DEXs but also for DEXs that serve as secure, decentralized alternatives to centralized platforms.
5. Dolomite — $728 Million (Loans)
In conclusion, Berachain’s TVL is boosted by Dolomite, a lending platform, to the tune of $728 million. Lending platforms in DeFi have always performed well. They give the user the ability to lend and borrow in a manner that is not only decentralized but also auditable (and thus, in my view, providing a path to more trust in our financial systems). And again, this shows an impressive jump from over just some hundred million last September.
Berachain-native DEXes Soar into the Top 10 by TVL
Remarkable is the rise of two decentralized exchanges native to Berachain that have made it into the top 10 largest decentralized exchanges by total value locked (TVL). Kodiak is now ranked above $1.1 billion TVL, and BEX is above $740 million TVL. This really speaks to the growth and strength of the decentralized exchange ecosystem that Berachain is building.
These two DEXes rising to prominence is a key trend in the DeFi space. At decentralized exchanges, users can carry out transactions in a more secure way. Because decentralized exchanges operate on smart contracts, they cannot be hacked or compromised in a case of a poorly deployed smart contract. For withstanding DDoS (Distributed Denial of Service) attacks, using a top-notch decentralized exchange like a Kodiak or BEF is far safer than using a centralized exchange like Binance or Bittrex.
The Future of Berachain
Berachain is staking its claim to become a major player in the blockchain and DeFi sectors, and its growth trajectory so far certainly seems to indicate that. Its successful project portfolio is diverse, kind of like an amusement park for DeFi, where the visitors can engage in all sorts of DeFi activities (or, use our suggested term, “DeFi tourism”). There are liquidity staking and yield farming opportunities, a decentralized exchange, a lending platform, and, well, some other cool stuff. And, somehow, a blockchain giant can run a successful decentralized ecosystem and still achieve privacy when the D.A.R.E. net is hoisted at the top of its 8-stage DeFi tree.
At present, Berachain’s noteworthy $3.26 billion TVL clearly demonstrates its burgeoning influence in this space. The future appears enormously bright for this rapidly emerging blockchain, with the path being paved by projects like Infrared Finance, Kodiak, Concrete, BEX, and Dolomite.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.
