BERA (Berachain) rose by 17.62% in the last 24 hours.

Gate News Bot news, on July 16, according to CoinMarketCap data, BERA (Berachain) is currently priced at $2.42, with a rise of 17.62% in the last 24 hours, peaking at $2.41 and dropping to a low of $1.77, with a 24-hour volume of $221 million. The current market capitalization is approximately $292 million, an increase of $43.7 million compared to yesterday.

Berachain is an EVM-compatible L1 public chain dedicated to solving the problem of staking centralization through the Proof of Liquidity mechanism and systematically building liquidity. The project aims to incentivize operating capital by creating a collaborative economy, thereby achieving consistency in the incentive mechanisms throughout the network. Berachain is supported by well-known institutions including Polychain Capital and Hack VC.

Important news about BERA recently:

1️⃣ Berachain proposes PoL v2 upgrade proposal The Berachain team released the PoL v2 upgrade proposal on July 14, aiming to optimize the network incentive mechanism. The proposal plans to redistribute 33% of the existing PoL incentives to a new BERA reward module, allowing BERA token holders to directly earn profits through the protocol without relying on complex third-party applications or tools.

2️⃣ BERA holders will gain a more direct path to profits The PoL v2 proposal introduces a new BERA reward module, which will create a more direct and convenient income channel for BERA token holders. Holders can earn returns through the protocol itself, enhancing the token's utility and appeal. In addition, the new LST (liquid staking token) staking feature will allow BERA holders to simultaneously earn validator node rewards and PoL returns.

3️⃣ Community governance voting is about to begin The Berachain team released a proposal on July 14 and plans to conduct a community vote on July 21. If the proposal is approved, the new PoL v2 mechanism will be launched on the mainnet that day. This upgrade is expected to significantly enhance BERA's competitiveness in the L1 public chain and usher in a new era of blockchain 3.0 incentive mechanisms.

From a technical perspective, the BERA price has experienced a significant pump in the past 24 hours, likely related to the market's positive expectations for the upcoming PoL v2 upgrade. However, investors should remain cautious and pay attention to the community voting results and their potential impact on the price.

This message is not an investment advice, and investors should pay attention to market volatility risks.