{"id":385095,"date":"2021-12-23T22:00:00","date_gmt":"2021-12-23T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/terra-luna-hits-record-20b-tvl-surpassing-binance-smart-chain\/"},"modified":"2021-12-23T22:00:00","modified_gmt":"2021-12-23T19:00:00","slug":"terra-luna-hits-record-20b-tvl-surpassing-binance-smart-chain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/terra-luna-hits-record-20b-tvl-surpassing-binance-smart-chain\/","title":{"rendered":"# Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain"},"content":{"rendered":"<p>&#8220;<strong># Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Terra (LUNA), an open-source stablecoin network, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Terra\">hit<\/a> an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra&#8217;s TVL was at $11.9 billion, signifying a 68% increase in less than a month. This means that the platform&#8217;s users are investing in large quantities into the protocol to receive staking rewards.\u00a0<\/p>\n<p>The price of LUNA, Terra&#8217;s native token, is also steadily trending upwards, trading above $94 with a 31% increase in one week, according to Cointelegraph Markets Pro. The coin now has a total market capitalization of $34.8 billion, placing it in the top 10 crypto projects.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/e76535cc-416f-4085-89f4-471f4b172f99.png\"><figcaption style=\"text-align: center;\"><em>LUNA continues to be one of crypto&#8217;s hottest performers. Source: Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>In terms of TVL, Terra is now the second-largest DeFi network below Ethereum and above Binance Smart Chain. For reference, BSC has 225 products in its DeFi ecosystem and a TVL of $16.7 billion, which has been decreasing all month, while Ethereum has $155.7 billion in TVL.<\/p>\n<p><strong><em>Related:\u00a0Price analysis 12\/22: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE<\/em><\/strong><\/p>\n<p>Terra is an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication-specific blockchain built on the Cosmos SDK and Tendermint consensus. Users can mint U.S. dollar-pegged stablecoins and convert those stablecoins into LUNA, the native staking and governance asset of Terra.<\/p>\n<p>Within the Terra ecosystem, savings protocol Anchor (ANC) is topping\u00a0the charts for the application with the highest TVL, which at the time of publication is $8.7 billion, according to DeFi Llama. Activity within ANC has most likely contributed to Terra&#8217;s value increase.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The migration is complete and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24bLUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$bLUNA<\/a> contracts + the web app have been updated successfully. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lncy6y8yCs\">https:\/\/t.co\/lncy6y8yCs<\/a><\/p>\n<p>\u2014 Anchor Protocol (@anchor_protocol) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/anchor_protocol\/status\/1473551665596751877?ref_src=twsrc%5Etfw\">December 22, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/terra-luna-hits-record-20b-tvl-surpassing-binance-smart-chain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain &#8221; Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra&#8217;s TVL was at $11.9 billion, signifying a 68% increase in less&#8230;<\/p>\n","protected":false},"author":1,"featured_media":385096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvMGRiNjM4OWUtZmI1Ni00MGY4LTg0OTctNzAxNzA2NWUxNzY4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74868,75150,122378,73785],"class_list":["post-385095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-defi","tag-market-update","tag-terra","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/385095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=385095"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/385095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/385096"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=385095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=385095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=385095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}