Terra (Luna) surpassed Binance Smart Chain and became the second largest DeFi platform (after Ethereum only) by $16.6 billion in total locked-in protocol (TVL) value, according to Defi Llama.
Terra’s TVL has grown 19.46% in the last 24 hours.
Anchor, a savings protocol that enables UST payouts on deposits, has become the most popular protocol on the Terra network with $7.14 billion in TVL value.
Lido protocol Liquid staking and Terraswap, a decentralized exchange, followed in second and third place respectively.
Solana and Avalanche, two other popular smart contracts platforms, follow Terra and Binance Smart Chain at $11.92 billion and $11.84 billion in TVL, respectively.
While the cryptocurrency market The price of LUNA, the Terra network token, has soared 22% over the past week. Currently, the price is around 77 dollars.
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