Missed Solana? DON’T Miss This NEXT 100x Layer 1! 🚀🔥

what's up everybody welcome back to the channel underground crypto here your place for deep Dives reviews of all different projects that we find interesting and we think you should know about bar chain is what we're going to be going over today bar chain is a layer one evm compatible blockchain with this cool bear as a mascot and a stable coin called honey which makes sense cuz bears and honey go together now Nova my AI agent has been working super hard to put together all the information that we need right up front to really wrap our heads around this project so with no delay let's go see what Nova has to say thanks hello underground crypto family bar chain is a nextg layer one blockchain using a unique proof of liquidity pull consensus instead of just staking tokens validators must

also attract liquidity to earn rewards aligning network security with defi growth it's fully M compatible meaning ethereum developers can easily build on it and it integrates with major cross-chain tools like chain link the project runs on a three token system Bara for gas and staking bgt for governance and emissions and honey as a fully collateralized stable coin Bara chain raised over $140 million from top investors like polychain and framework Ventures and it officially launched in February 2025 with major exchange listings hitting a $2.7 billion trading volume on day one security wise barah chain Builds on Cosmos SDK but enhances it with its Beacon kit consensus module while Audits and Bug bounties were done pre-launch risks remain especially around proof of liquidity mechanics and inflation the project originated in 2021 from the bang Bears nft Community evolving into a full-fledged

L1 led by pseudonymous but experienced toy Builders with its meme driven but highly engaged Community barricane has quickly become one of the most most anticipated new blockchains offering High defy incentives and a rapidly growing ecosystem as far as the team behind the project Shaker Lani is CEO a longtime crypto investor and entrepreneur Andre Bertram is CFO co-founder of a medical device startup with experience in venture capital and Y combinator circles the team also includes xmos and ethereum developers with advisers like zachi Manan the tendermint co-founder and Mustafa alasam who is Celestia's co-founder I hope I didn't overwhelm you with the information I trust the underground family can handle it back to you [Music] boss all right here we are at the coin gecko page thank you Nova for the information was a lot of good information in there I

especially like the stuff about the founders and the guy who was a co-founder of Celestia being a part of that now with no delay coin gecko page be chain ticker b r a number 99 by market cap and it is sitting at about $725 up about 88.2% on the day now that fluctuates that obviously can change and is just for today tomorrow if you watch this video it could be different now let's go ahead in the last 24 hours there's not a whole lot of action looks like a low of $6.7 with a high of $7.93 but let's back up a little bit let's look more at like the 7day same thing you had this big Rise Up from $661 to $910 back down to $619 and then a small pop up to $784 just to EB in flow

of the market if you've been following Bitcoin at all which runs most of the market everything's pretty much follow soup um you would know that the market has not been extremely bullish so any the fact that this is green at all is actually pretty good in my opinion now 799 .1 million in market cap headed to that billion doll number I um actually can look at the market cap let's look at the market cap here did it hit a billion oh it got really close 9815 million so super close to that billion of course when Bitcoin pulled back I'm sure everything pulled back right so let's look at our total Supply looks like 500.2 million coins in total Supply Max Supply just says infinity and circulating Supply it says 107.7 million in circulating Supply so we have all kinds

of questions here right I mean did they take a page out of ethereum's book here and just have an unlimited Max Supply because I know that has caused quite a bit of controversy with ethereum right so this is yet to be seen hopefully we're going to find some more tokenomics on their website I really hope that we do um I can't promise that and of course your regular info Farah chain Twitter and what I believe to be the most important thing markets so if you like this coin right now during this review after this review I'm not a financial advisor so please do not buy this coin just because I'm talking about it and I made a video about it at the end I will give like my gut one through 10 rating on how I feel about the

Project based off of the bull market of the end of 2026 that is the Bitcoin for your cycle but of course it is not Financial advice but my personal opinion anyways enough of that binance and let's see do they have any decentralized exchanges here no they don't so binance gate.io Mexi Global my favorite place not sponsored or orange X High bit uh okx bonix H TX and TW bit which I've never heard of by bit of course I have I'm just going going to hop over here see if I can find any decentralized exchanges now I wouldn't be surprised if there were no decentralized exchanges because bar chain is a layer one but you have Kraken you have like all of your crypto.com all the places you would expect did I see coinbase on there coinbase exchange so yes

you can buy it on coinbase Exchange and that is pretty much everything we need to know over here on the coin gecko page now we're going to hop over to their [Music] website so the website looks pretty cool right it reminds me of a memec coin website but this is not a memec coin this is a layer one project so up only is what we want out of our crypto coins or crypto assets if you will depending on what you want to call them main net is live claim airdrop visit barah Hub and Bridge funds this is a whole ecosystem this is more than just a coin as we said honey is their stable coin and hopefully they will touch on that but I think it's interesting that they did the web page starts at the bottom and you

only scroll up I think that's pretty funny this is very meme coin feeling and I kind of like that because memecoins although people love them some people hate them uh they have great marketing as that's really all a meme coin is is great Marketing in some artwork right marketing of their artwork I guess you could say but um an evm i identical layer one aligning security and liquidity powered by proof of liquidity now proof of work is what Bitcoin started on ethereum was proof of work decided to go to proof of stake and now we're seeing proof of liquidity layer one project now I do believe there is a couple people or people I should say projects that have tried to do proof of liquidity but I haven't seen anybody be highly successful but are we beginning to see

the evolution into a different way of organizing your blockchain to proof of liquidity but why why are they doing that what is wrong with proof of stake proof of liquidity creates a Cooperative economy that rewards working capital so rewards working capital by aligning incentives across the network that's simple and makes sense to me solve stake centralization so right there they're telling you they think proof of stake is too centralized which probably has some truth to it symmetrically build liquidity and align protocols and validators they're making this pretty fun but this is actually some pretty techy stuff some nerdy stuff here backed by all of these companies a lot of times I don't read them all Samsung sticks out to me uh what do they mean by backed by that is one thing with a lot of these websites and

projects they throw a bunch of people up here I have no idea what the association is between them all right Corp principles here of this layer one is defragmenting liquidity simple defi Legos and pools built into the chain and powered by validators so pools are built into the chain and then they're powered by the validators turbo charging applications validators direct Network emissions towards decentralized daps building on bar chain highly accessible because it's evm identical blockchain compatible with with all existing ether ethereum erc's and op codes or op codes which is really quite useful because a lot of things and developers have been using ethereum for a long time so this is interesting not sure what they're getting at here with this little flag somebody probably knows a lot better than me maybe these are applications that are being built

over there as we dig into the ecosystem yeah see with the whole going down and up it would be better if this went it's the website's still built like you start at the top and go down right so the bar chain or the Bara ecosystem I'm just adding chain there these are different daps and projects I'm going to be playing around with this hopefully I'm going to get to make some videos on the barel Chain ecosystem so you have barah Hub which is where your swaps your pools your rewards vaults and validators and then you have honey which is minting and redeeming honey which is their stable coin cool little bear in a spaceship and then you have the Becon kit Becon kit is a highly is a high performance evm identical blockchain SDK enabling the development of modular

layer one blockchain did I lose everybody was that too techy put it in the comments right so started as an nft project for fun in the defi ecosystem I think Nova went ahead and told us that in the beginning so that is why this feels like a meme coin in my opinion because artwork is very you know normal of meme coins and it started as an nft project and good on them for turning an nft project into a fullblown evm compatible layer one project now did they just copy ethereum's code I don't know I am not a coder or developer and we just got more great artwork just floating want to join us few careers so they're hiring if anybody out there you know is looking you can tell them you found them through underground crypto maybe we'll get

some Rapport right join our communities they have Twitter which we will certainly be going to next in our Twitter smell test but of course Discord telegram um and many other links there that I don't recognize and that's it that's their whole website [Music] so time for the Twitter smell test right so main net is live live here's their little logo you would have seen that was put in the video with Nova and evm compatible identical layer one I've said it a million times now you probably don't want to hear me say it again but backed by looks like high frame Network polychain and hack VC 1 million followers uh Cayman Islands that's not surprising join December 2021 I don't know why I feel like a lot of these projects will recycle a Twitter that they had from a long

time ago um somebody associated with it the founder I don't know who but then they just turn it into one of these Pages anyways it has a million followers which is pretty interesting pin post um or I didn't really think of this maybe they're buying a page or an account to turn into this that already has a bunch of followers I don't know I'm not making any accusation those are just some thoughts here that's the whole point of the Twitter smell test so I went ahead and gave them a follow go ahead and follow me crypto Ron with the blue check mark my face in the logo over here on Twitter I don't know if I have any impersonators but that's probably just coming it's a matter of time right so I'm not reaching out to you I am

not messaging you um it's not me so if somebody is messaging you pretending to be me and they want money I would never ask you for money I know this seems redundant but there's always new people in the space I just got to say that anyways 1.6 million impressions 1 million followers point of the smell test is mostly about ratios and we continue to go down the pin post is always going to be one of the bigger hitting impressions in their Twitter so an hour ago and they already have 22,000 Impressions now out of a million that's obviously not a lot but 22,000 in an hour how many people are on Twitter in the last hour it's not going to be one one million people who are following you so with that being said we have to be mindful

when we look at their Impressions an hour 2.4 looks like even these posts about their baroa some kind of event that they're doing uh 7.8 th000 so they get some pretty good Impressions even if it's a small ratio out of a million this one has 96,000 so now we're talking and that was February 25th and if we just scroll down I want to get something that's a little little bit farther back right so February 4th let's pick this one it is 341,000 impression I really need to turn this dark mode off it makes this really hard to read um but then the next one has 18,000 impression but it is a repost and not to be redundant but this smell test is more for small more speculative projects so that we can see if they're buying you know uh

follows and stuff like that they're brand new $3 million market cap 500,000 followers on X like does it make sense and are their you know quote unquote followers are they showing up in the Impressions on a 4day Old Post they should be having at least 20 to 25% of their followers that's what I would think it's just kind of a metric for us to gauge the uh genuiness of their social media page just are following the hype behind it because we all know there are plenty of projects and meme coins out there that pay influencers to pump coins I can say I'll never do that but you can't say that for everybody else right pyth I like that they have some interaction with pyth network I think pyth is going to be pretty big you know it's there competing

with chain link and I think it has better Tech and yeah that's pretty much the basis of this I am probably going to be Chang if you're still here in this video at this point you're doing your due diligence and you're really trying to figure out what these projects are you're kind of some of the elite in the space in my opinion most people have checked out so as soon as we started talking about some techy nerdy stuff right um I'm going to be changing the smell test just a little bit I'm trying to shorten it to keep the video short there A lot of times where the video winds up going long and of course most people don't have that kind of attention span or just desire to know this deep information a lot of people just want

me to say buy this coin or don't buy this coin which I'm not going to do because I'm not a financial adviser but my one through 10 gut rating on this let me think about it I'd have to give it honestly like a a nine I I'm pretty impressed I like the fact that it's going to have good marketing right because it's got that Meme coin feel I like the fact that it has a community from the nfts that this was born out of before before this whole project was put together so there's people who care more than most about a project that's just launching another thing is that layer ones have been historically the best Returns on money they just have you know ethereum Bitcoin historically those layer one projects have been what have made people the most

return on their Capital not Financial advice and so with that being said I got to give it a nine man I'm pretty excited about this personally I'm very excited about looking at this ecosystem and diving into it looking at the daps I want to see how developed it is so look forward to maybe some videos coming soon or certainly some lives um not sure when I'm going to do the lives I'm here in New York time in America so I got to figure that out but I'm going to start doing some lives where we kind of do this kind of thing live and deep dive and really focus more on ecosystems than just projects and with that being said like share subscribe and send this video to somebody who loves crypto I'll catch you guys on the next episode

review Deep dive whatever you want to call it peace out