Terra (LUNA), one of the top rising coins of 2021, has been announced to have over $20 billion TVL (total asset value locked in).
stablecoin automatically according to demand by the algorithm developer Terra, who set it to total asset value lockedreached $20.82 billion over the past week. recorded an all-time high.
During the last seven-day period at the time of news writing, approximately 59.50%Terra; In terms of TVL, approx. Binance Smart Chain (BSC) with $14 billion TVL leaving behind ethereum ranks second.
Data from Defillama clearly shows the growth Terra has achieved. With TVL reaching $20.82 billion from $11 billion since December 14, Terra’s rise is not only due to increased usage, but also to the rise in the price of the native LUNA token. In the last 30 days, the value of LUNA has increased by 158% to its highest level ever at $101.
In addition, Binance, in its statement today morning, is a stablecoin. TerraUSD (UST) After he said he would list it, it was seen that the increase accelerated. Users UST/BTC, UST/BUSD and UST/USDT You can trade with currency pairs. According to the company’s burning policy, 1 dollar worth of LUNA to print 1 USTIt has to be burned.
Terra, which approved the burning offer of 90 million LUNA held in the community pool, with a statement made in October. 7.5 million LUNA in 5 days made the burn.