Berachain narxiBERA

Most blockchains reward capital for being idle. Berachain rewards capital for being useful. Infrared exists to make that system work at scale. Rather than competing with applications, Infrared positions itself as the core liquidity and staking engine beneath Berachain’s Proof of Liquidity (PoL) consensus. Its role is simple in theory but complex in execution: convert fragmented, illiquid participation into liquid, composable assets that can move freely across DeFi. Berachain’s Core Problem: Liquidity Without Friction Doesn’t Exist (Yet) Proof of Liquidity is powerful, but raw PoL participation is operationally heavy. Users must: Provide liquidity to approved pools Manage LP tokens Track BGT emissions Delegate BGT to validators Rebalance positions Claim and restake rewards Each step introduces friction. For retail users, it’s confusing. For protocols and treasuries, it’s inefficient. Capital ends up stuck, underutilized, or abandoned. Infrared compresses this entire workflow into a single, liquid experience. What Infrared Actually Does (In One Sentence) Infrared turns Berachain’s PoL, BGT, and BERA staking into liquid, automated, yield-bearing tokens that remain usable across DeFi. This is not just liquid staking. This is liquidity orchestration. The Infrared Stack: Built as Infrastructure, Not an App Infrared operates as a native infrastructure layer on Berachain. Its design mirrors what protocols like Lido or EigenLayer did for Ethereum — but adapted to Berachain’s liquidity-first consensus. Key primitives include: 1. Liquid Staking Tokens iBERA → Liquid representation of staked BERA iBGT → Liquid claim on BGT and PoL exposure These tokens are ERC-20 style assets that retain yield while staying fully composable. 2. Automated PoL Vaults Vaults handle: LP staking into PoL pools Validator delegation Reward harvesting Compounding and redistribution Users deposit once. Everything else runs in the background. 3. Validator & Reward Infrastructure Infrared routes delegated assets through its validator set while maintaining network security and governance participation. Bribes, incentives, and emissions are aggregated and optimized rather than manually managed. Why Liquidity Matters More Than APR High APR means nothing if capital is locked. Infrared’s advantage is not just yield — it’s capital efficiency. With iBERA and iBGT: Assets can be used as collateral LP positions can be re-deployed Yield can be traded (via Pendle) Protocols can integrate Infrared tokens directly This creates stacked yield: LP rewards + PoL rewards + validator incentives — without sacrificing flexibility. Ecosystem Reach: Infrared Is Everywhere From the ecosystem visual, Infrared clearly sits at the center of Berachain’s DeFi map. It integrates across: DeFi (vaults, lending, structured products) DEXs like BeraSwap / BEX Derivatives & Restaking layers NFT, GameFi, SocialFi, and RWA applications Stablecoin and LSD verticals This breadth matters. Infrared isn’t betting on one narrative — it’s embedded across all of them. That’s how infrastructure wins. Real Traction, Not Just Vision Infrared isn’t theoretical. Peak TVL: ~$1.7B Current TVL: ~$244M Top protocol on Berachain by usage $256M+ TVL shown on protocol dashboard The protocol has already proven it can attract and retain liquidity under real market conditions. Backing That Matches the Ambition Infrared’s funding history reflects long-term conviction, not short-term hype. Total raised: $18.75M Latest round: $14M Series A Series A lead: Framework Ventures Other participants include: YZi Labs (Binance Labs), Hack VC, Animoca Brands, Auros, Selini Capital, dao5, NGC Ventures, and more. These are infrastructure investors — the kind that fund protocols meant to last multiple cycles. The IR Token: Governance + Value Accrual IR is not a speculative add-on. It sits directly in the protocol’s value loop. IR is used for: Governance over vaults, fees, incentives, and integrations Capturing protocol fees (~10% performance fee on vault yields) Fee sharing through staking or buyback mechanisms Incentivizing long-term participation via points and ecosystem rewards With ~21% circulating at TGE and structured vesting for investors and team, emissions are controlled rather than explosive. Why Infrared Matters Long-Term Berachain’s success depends on liquidity staying active, not locked. Infrared ensures: Capital remains liquid Validators stay incentivized Users stay engaged Protocols scale without operational overhead In Proof of Liquidity, whoever controls liquidity flow controls the economy. Infrared doesn’t chase attention. It routes value. And that’s exactly what foundational infrastructure is supposed to do. $IR

New crypto token launches have faced major price declines in 2025, with 84.7% trading below their Token Generation Event valuations. Research by Ash from Memento Research tracked 118 TGE launches this year, finding that 100 tokens have fallen beneath their opening prices. The median token has crashed 71% in fully diluted valuation since launch, with market cap down 67%. Only 15% of 2025 token launches trade above their TGE valuations. “2025 token launches have mostly been a bloodbath,” Ash wrote on X. “This means ~4 out of 5 launches are below their opening valuation.” High-profile cryptos suffer 90%+ crashes from launch Syndicate (SYND) leads the destruction with a 93.64% decline from its $940 million starting FDV to $59.8 million. Animecoin (ANIME) fell 93.59% from $870 million to $55.7 million. Berachain (BERA) dropped 93.17% from $4.46 billion to $305 million. 2025 token launches have mostly been a bloodbathTracked 118 TGE launches this year and compared today’s FDV vs opening:• 84.7% (100/118) are below TGE valuation • This means ~4 out of 5 launches are below their opening valuation• Median token is -71% FDV (-67% MC) from… pic.twitter.com/dtCHTvedpZ— Ash (@ahboyash) December 20, 2025 Bio Protocol (BIO) crashed 93.05% from a $2.06 billion launch to $143 million current FDV. Xterio (XTER) plummeted 92.85% from $420 million to $30 million. Lit Protocol (LITKEY) declined 92.07% from $210 million to $16.7 million. Yala (YALA) fell 91.61% from $240 million to $20.1 million. Towns (TOWNS) dropped 91.22% from $691.8 million to $60.7 million. Nillion (NIL) crashed 91.21% from $720 million to $63.3 million. Even tokens that raised from top-tier venture firms suffered double-digit percentage crashes. Mira (MIRA) fell 91.05% from $1.4 billion to $125.4 million. Venice Token (VVV) declined 90.83% from $1.23 billion to $112.4 million. The data covers both H1 and H2 2025 launches. H1 tokens include Bio Protocol, Xterio, Berachain, and Nillion. H2 tokens include Syndicate, Animecoin, Lit Protocol, Yala, and Towns. Venture-backed tokens face longest drawdowns The worst performers launched with nine and ten-figure fully diluted valuations. Falcon Finance (FF) started at $6.7 billion FDV and fell 85.83% to $949.7 million. OG launched at $4.9 billion and dropped 84.42% to $763.6 million. Plasma (XPL) began at $12.97 billion and crashed 89.93% to $1.31 billion. Anoma (XAN) fell 90.22% from $1.6 billion to $156.2 million. Plume declined 87.84% from $1.3 billion to $158 million. Lower-cap launches fared no better. Balance (EPT) dropped 90.60% from $170 million to $16 million. Tree (TREE) fell 89.34% from $670 million to $71.4 million. Camp Network (CAMP) declined 89.11% from $637 million to $69.4 million. “TGE isn’t early anymore reee,” Ash concluded, warning that buying tokens at launch no longer provides edge for retail investors.

According to data shared by Ash of Memento Research, altcoin token launches (TGEs) in 2025 have turned into a veritable bloodbath for investors. Of the 118 token launches tracked so far this year, 84.7% are trading at a lower FDV (Fully Diluted Market Value) today compared to their valuation on the TGE day. This means that approximately 4 out of every 5 token launches experience poor price performance after their release. According to the data, the median token has seen a 71% decrease in FDV (Full Value Added Tax) and a 67% decrease in market capitalization since its launch. Only 15% of tokens have managed to maintain a price above TGE. The data clearly reveals the extent of the decline. Many projects have experienced FDV losses of over 90% after launch. Syndicate (SYND): While its initial FDV was $940 million, its current FDV has fallen to approximately $59.8 million, representing a decrease of -93.6%. Projects launched with high expectations, such as Animecoin (ANIME) and Berachain (BERA), also saw a value drop of around -93%. Projects such as Bio Protocol, Xterio, Lit Protocol, Yala, and Towns all recorded FDV decreases ranging from -91% to -93%. Related News Arthur Hayes Starts Buying Back Altcoin He Recently Sold in Bulk Even some projects lower down on the list show no change in the situation. Relatively higher-volume tokens like SuperVerse, Sahara AI, Holoworld, OG, and Newton Protocol have all experienced FDV losses of between -80% and -85%. Data shows that projects, especially those launched with high initial FDVs, are experiencing sharp corrections due to insufficient liquidity and demand. Many tokens that traded with FDVs approaching or exceeding a billion dollars at launch are now only able to retain a fraction of that value. According to the research, this situation points to structural problems in token economy design, supply planning, and market timing. Rapid decline in investor interest after launch, high unlock expectations, and weak secondary market demand are cited as the main reasons for the declines. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

BlockBeats News, December 17th, according to Onchain Lens monitoring, a whale deposited 1.57 million USDC into HyperLiquid and opened a short position for BERA with 5x leverage.