According to TechFlow, on September 4, the team of the well-known Meme coin project Block Chain ($BITCOIN) announced that it will launch Berachain. The project aims to become the intersection of memes and DeFi, and is expected to attract billions of dollars in liquidity and millions of users.

Block Chain will use the Proof of Liquidity (PoL) consensus mechanism, an innovative technology developed by Berachain. Project plans include launching its own DEX and lending market to support users in establishing innovative positions and managing meme risks. The team said that Berachain was chosen because of its innovation and uniqueness, as well as the overlapping user base and common philosophy with the Berachain and Milady communities.