Berachain has seen a net capital outflow of 300 million dollars in the past 9 days.

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According to Techub News and reported by The Defiant, TokenTerminal data statistics show that the daily active users (DAU) on the chain have decreased by 61% from the ATH of 60,000 on March 3 to 23,000. On February 6, the day the chain went live, the DAU was 295,000, and just a week later, the DAU quickly fell back to 30,000.

In addition to the net outflow, the BERA token fell by 40% last week, with a market cap dropping to $465 million and a fully diluted valuation of $2.1 billion. Affected by the capital outflow and the plummeting token price, Berchain’s total locked value (TVL) decreased by 23% from its historical high of $3.5 billion on March 26, to $2.7 billion.

BERA0,59%
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