Berachain Airdrop Triggers BERA Crash, While Solana Layer 2 Solaxy Shines As SOLX Presale Hits $18.5M
The battle of the protocols is escalating as Berachain launches and Solaxy ($SOLX), the first Solana Layer 2, surges past $18.5 million in presale.
While Berachain is a Layer 1 solution that is EVM (Ethereum virtual machine)-compatible so it is interoperable with all Ethereum ERC20 tokens, Solaxy is making a different bet – one that solves the congestion problems of the red-hot Solana ecosystem.
Berachain’s mainnet launch yesterday coincided with an airdrop to its community of 15.75% of $BERA token supply worth $630 million. The BERA coin quickly dropped in price, now down 28.5% over the past 24 hours – so if you are on the hunt for alpha, $SOLX is a much better bet.
The new Layer 1 chain’s unique selling point is its proof of liquidity consensus system, designed to better align liquidity provider incentives and economics with securing the system. Put that another way, market makers, for example, become involved with the validation o...