Berachain's TVL is down 90% from its peak. 👀
Another 36% disappeared in the last 30 days.
TVL: $26.2M
DEX volume: -48.5%
And yet Berachain just shipped a major technical upgrade.
That's the uncomfortable lesson:
Better technology doesn't automatically create demand.
If users, liquidity and volume keep leaving, better infrastructure won't save the ecosystem.
Berachain can still recover.
But crypto markets ultimately reward usage, liquidity and real demand.
Liquidity doesn't care about your EIPs.
$BERA

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