隨著早期勢頭的消失，貝拉辛的TVL下降了71％

在首次亮相的幾個月後，貝拉辛（Berachain）是2月份推出的以偏見的1層區塊鏈，正面臨重大挫折。

Berachain, a DeFi-focused Layer 1 blockchain that went live in February, is encountering major difficulties just months after its promising launch.

貝拉辛（Berachain）是一款以偏心的1層區塊鏈，於2月上線，在其有希望的發布後僅幾個月就遇到了重大困難。

The network’s total value locked (TVL) has dropped sharply by 71%, decreasing from a peak of $3.5 billion to around $990 million, according to blockchain analytics firm Token Terminal. User activity and token value have also taken a hit.

根據Blockchain Analytics公司Token Terminal的數據，該網絡的總價值鎖定（TVL）已急劇下降71％，從35億美元的峰值下降到9.9億美元左右。用戶活動和令牌值也受到了打擊。

After announcing its launch on February 6, Berachain quickly drew attention across the crypto space. The project’s token, which is named “bRachain” and trades under the ticker "RACH," launched with a $900 million market cap, and the chain quickly attracted billions in user deposits. Its token price also soared to $8.60 on day one.

在2月6日宣布推出後，貝拉辛迅速在加密貨幣領域引起了人們的注意。該項目的代幣被稱為“ Brachain”，並在股票“ Rach”下進行交易，以9億美元的市值推出，該連鎖店很快吸引了數十億美元的用戶存款。第一天的代幣價格也飆升至8.60美元。

However, this early momentum has not lasted. The token now trades at $2.40, a 72% drop, and active users have decreased from over 2.2 million in its first two months to just 330,000 today, as seen on crypto analytics platform CoinGecko.

但是，這種早期勢頭尚未持續。如Crypto Analytics Platform Coingecko所示，該代幣現在以2.40美元的價格交易，下跌72％，活躍用戶的交易已從前兩個月的220萬美元下降到今天的330,000美元。

The decrease in active users and TVL might be linked to the reduction in early user incentives. During its launch phase, Berachain was quickly adding new features and relied heavily on rewards to bring in liquidity and activity. But since April, data shows a steady outflow of assets from the ecosystem.

活動用戶和TVL的減少可能與早期用戶激勵措施的減少有關。在發布階段，Berachain迅速添加了新功能，並在很大程度上依靠獎勵來帶來流動性和活動。但是自4月以來，數據顯示了來自生態系統的資產穩定流出。

The chain’s native token price, which is a key aspect of the Proof-of-Liquidity model, is also a factor. The model depends on a flywheel effect — token price, staking, and liquidity all influence each other. But as the token value drops, the system becomes less attractive, leading to less user activity and further price decline.

該連鎖店的本地令牌價格（這是流動性模型的關鍵方面）也是一個因素。該模型取決於飛輪效應 - 象徵性價格，積分和流動性均相互影響。但是，隨著令牌價值下降，系統變得越來越吸引人，導致用戶活動減少和進一步的價格下降。

The chain’s model also involves several different tokens and layers, which may discourage new users who are more comfortable with simpler DeFi platforms like Aave or Uniswap, despite their smaller TVLs.

該連鎖店的模型還涉及幾種不同的令牌和層，這可能會阻礙新用戶，這些用戶儘管有較小的TVL，但他們對更簡單的Defi平台（例如AAVE或UNISWAP）更舒適。