The bear-themed EVM-compatible layer-1 blockchain Berachain secured $100 million in an expanded funding round, challenging Ethereum and Solana.
Berachain, which positioned itself as a community-driven blockchain, secured funds of $100 Million in a Series B funding round. The bear-themed blockchain is emerging as a strong player in the crypto industry, competing with crypto giants like Ethereum and Solana. On Friday, the blockchain’s testnet hit 100 Million transactions, signaling strong growth.
Berachain Signaling Strong Growth
According to a report by Bloomberg, the layer-1 blockchain platform Berachain successfully safeguards $100 Million in a Series B funding round. The funding round was led by Framework Ventures and Brevan Howard Digital’s Abu Dhabi branch.
On Friday, the platform announced the same over social media platform X.
We’re thrilled to announce our $100M Series B round, co-led by @BHDigitalAssets and @hiFramework pic.twitter.com/yyDKmpBN7u
— Berach
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