{"id":412070,"date":"2022-03-04T08:30:53","date_gmt":"2022-03-04T05:30:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/luna-flips-ethereum-becoming-second-largest-network-for-staked-value\/"},"modified":"2022-03-04T08:30:53","modified_gmt":"2022-03-04T05:30:53","slug":"luna-flips-ethereum-becoming-second-largest-network-for-staked-value","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/luna-flips-ethereum-becoming-second-largest-network-for-staked-value\/","title":{"rendered":"# LUNA flips Ethereum becoming second largest network for staked value"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2675c1608f8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2675c1608f8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/luna-flips-ethereum-becoming-second-largest-network-for-staked-value\/#%E2%80%9D_LUNA_flips_Ethereum_becoming_second_largest_network_for_staked_value_%E2%80%9C\" >&#8221; LUNA flips Ethereum becoming second largest network for staked value &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_LUNA_flips_Ethereum_becoming_second_largest_network_for_staked_value_%E2%80%9C\"><\/span>&#8221; LUNA flips Ethereum becoming second largest network for staked value &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>According to data from Staking Rewards, Terra (LUNA) has flipped Ether (ETH) in terms of staked value, with $29.5 billion worth of LUNA locked up compared with Ether\u2019s $25.9 billion. <\/p>\n<p>The platform\u2019s data shows that there are currently 226,325 LUNA stakers, making it the second-most staked crypto asset with more than four times the number of those staking ETH at 54,768. Solana <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.stakingrewards.com\/?sort=totalValueLocked_DESC\">leads<\/a> the staking charts with $35 billion in staked value.<\/p>\n<p>In terms of annual staking rewards, LUNA is estimated to yield 6.62% on average while ETH fetches 4.81%. The most rewarding out of the top 10 staked assets is Polkadot (DOT) with 13.92%. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/2b626067-c77b-4763-877c-8aabb2e939c5.jpg\"><figcaption style=\"text-align: center;\">Top 5 networks by staked value, Mar. 4 &#8211; Stakingrewards.com<\/figcaption><\/figure>\n<p>Staking Rewards highlighted the flippening on Tuesday, noting that LUNA staking had overtaken ETH. However, some users pointed out that data from DefiLlama <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>ears to contradict the figures dramatically. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"ca\" dir=\"ltr\">DeFi lama suggests different data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lGbZ1lXefy\">pic.twitter.com\/lGbZ1lXefy<\/a><\/p>\n<p>\u2014 Luna Studio.UST (@Luna_Studio_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Luna_Studio_\/status\/1498912651426111492?ref_src=twsrc%5Etfw\">March 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>DefiLlama\u2019s data shows that Ethereum towers over its competitors in terms of a total value locked (TVL) of $111.4 billion, compared with LUNA\u2019s TVL of $23.35 billion. However, these figures incorporate collateral locked across decentralized finance (DeFi) protocols and not just ETH staked on the Beacon Chain, hence the discrepancy. The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/beaconcha.in\/\">Beaconcha.in<\/a> explorer currently reports 9.7 million ETH staked worth around $26.5 billion at current prices, similar to Staking Rewards figures. <\/p>\n<p>One trend that both data aggregators have confirmed, however, is that interest in LUNA has surged as of late. Over the past seven days, LUNA\u2019s TVL has increased 26.905% and sits well above third-placed BNB Smart Chain (BSC) at $12.03 billion worth of TVL.<\/p>\n<p>Staking Rewards clarified that staked value and TVL metrics are \u201centirely different,\u201d as the latter can also incorporate assets locked in decentralized finance\u00a0protocols for features such as lending. <\/p>\n<p>The price of LUNA has gained a whopping 78.4% over the past 30 days to sit at roughly $92.84 at the time of writing, while its market cap currently totals $34.5 billion. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Rune\u2019s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally<\/em><\/strong><\/p>\n<p>As previously reported by Cointelegraph, the asset\u2018s bullish recovery comes off the back of the Terra protocol burning 29 million LUNA tokens worth $2.57 billion late last month. The move coincided with the supply of TerraUSD (UST) \u2014 a stablecoin backed by LUNA \u2014 that increased more than 14.5% to 12.92 million tokens. <\/p>\n<p><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-s-luna-flips-ethereum-becoming-second-largest-network-for-staked-value\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; LUNA flips Ethereum becoming second largest network for staked value &#8220; According to data from Staking Rewards, Terra (LUNA) has flipped Ether (ETH) in terms of staked value, with $29.5 billion worth of LUNA locked up compared with Ether\u2019s $25.9 billion. The platform\u2019s data shows that there are currently 226,325 LUNA stakers, making it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":412071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMjY5OTNiNzQtMGZmZC00MDI4LTliMDEtODEyODNiZGI5N2NjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74868,74891,77595,74876,122378,72366],"class_list":["post-412070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-defi","tag-ethereum","tag-lending","tag-proof-of-stake","tag-terra","tag-data"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412070","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=412070"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/412071"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=412070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=412070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=412070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}