Terra (LUNA), an open-source stablecoin network, has set a record.maximumAn unprecedented $20.05 billion. In total value of locked money, or TVL, across 13 products, as of December 1, Terra’s TVL was $11.9 billion, a 68% increase in less than a month. This means that the users of the platform are investing in a large number of protocols to earn staking rewards.
The price of the LUNA token continues to rise, trading above $94 with a 31% gain in a week, according toData from Cointelegraph Pro, with a current market cap of $34.8 billion, ranks among the top 10 crypto projects.
In terms of TVL, Terra is now the second largest DeFi network after Ethereum and above Binance Smart Chain. BSC currently has 225 products in its DeFi and TVL ecosystems at $16.7 billion. This was down for the whole month, while Ethereum had $155.7 billion in TVL.
Within the Terra ecosystem, the Anchor Savings Protocol (ANC) ranks at the top of the chart for applications with the highest TVL, which at the time of publication was $8.7 billion, according to DeFi Llama data. ANC contributed the most to Terra’s value.
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