随着早期势头的消失，贝拉辛的TVL下降了71％

在首次亮相的几个月后，贝拉辛（Berachain）是2月份推出的以偏见的1层区块链，正面临重大挫折。

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

贝拉辛（Berachain）是一款以偏心的1层区块链，于2月上线，在其有希望的发布后仅几个月就遇到了重大困难。

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.

根据Blockchain Analytics公司Token Terminal的数据，该网络的总价值锁定（TVL）已急剧下降71％，从35亿美元的峰值下降到9.9亿美元左右。用户活动和令牌值也受到了打击。

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日宣布推出后，贝拉辛迅速在加密货币领域引起了人们的注意。该项目的代币被称为“ Brachain”，并在股票“ Rach”下进行交易，以9亿美元的市值推出，该连锁店很快吸引了数十亿美元的用户存款。第一天的代币价格也飙升至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，这种早期势头尚未持续。如Crypto Analytics Platform Coingecko所示，该代币现在以2.40美元的价格交易，下跌72％，活跃用户的交易已从前两个月的220万美元下降到今天的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.

活动用户和TVL的减少可能与早期用户激励措施的减少有关。在发布阶段，Berachain迅速添加了新功能，并在很大程度上依靠奖励来带来流动性和活动。但是自4月以来，数据显示了来自生态系统的资产稳定流出。

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.

该连锁店的本地令牌价格（这是流动性模型的关键方面）也是一个因素。该模型取决于飞轮效应 - 象征性价格，积分和流动性均相互影响。但是，随着令牌价值下降，系统变得越来越吸引人，导致用户活动减少和进一步的价格下降。

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.

该连锁店的模型还涉及几种不同的令牌和层，这可能会阻碍新用户，这些用户尽管有较小的TVL，但他们对更简单的Defi平台（例如AAVE或UNISWAP）更舒适。