Terra (Luna) The total value staked in its ecosystem is now even higher than that of the main competitor Ethereum.
According to new data from Staking Rewards, an increase in the price of LUNA has increased the total staked value of LUNA up to $30,207,957,209 at the time of writing.
This level Ethereum 2.0 The total staked for $28,176,086,261 is just over $28.
Staking is the name given to a system that allows crypto investors to lock their tokens and play a role in securing the network in exchange for rewards.
Currently around 41% of issued LUNA has been staked, while 7.92% of issued ETH has been staked.
Terra (LUNA) price, on the other hand, finished the week higher and is currently trading at $92.58, up 77% from the low of $52.20.
Ethereum (ETH) is trading at $2,967, up about 27% from $2,336.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.