The blockchain shifts to WBERA rewards after a 3% decline in total value locked amid low fee revenue.
Berachain will replace its dual-token model with WBERA rewards following a $1.79 million drop in total value locked, a 3% decline. The network now holds $56 million in TVL, ranking 37th among blockchains.
Over the past 24 hours, Berachain generated $41 in chain fees and $3,359 in application revenue, while distributing $14,816 in token incentives. The shift aims to address declining engagement and liquidity.
No immediate market reaction was reported following the announcement.