.terra_money ecosystem is ready to capture 10% of all of DeFi's TVL milestones, data says Terra LUNA
For the first time in its history, its share of DeFi's aggregated TVL can surpass 10%. Ethereum, a flagship smart contracts hosting platform, is in charge of 56.7% of this volume.
Ethereum and Terra are followed by BNB Chain , Avalanche and Fantom. In all, three platforms are responsible for 16% of the DeFi ecosystem's TVL. Terra's flagship protocol, Anchor, which made headlines with its 19.6% APY for stablecoins, is the largest DeFi protocol on Terra. It is one step short of reaching $10 billion in TVL.Staking platform Lido, Astroport and TerraSwap DeFis follow Anchor on the leaderboard.
As covered by U.Today previously, LUNA, a core native asset of Terra blockchain, is the leader of today's crypto market upsurge. Being up 25%, it paves the way for all large caps.
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