Terra’s (LUNA) TVL up 17% in 1 Week, Exceeding BSC and Avalanche
In the past week, Terra’s TVL (LUNA) has increased by 17%, exceeding both BSC and avalanche. This is a significant achievement, as it shows that the platform is continuing to grow and attract more users.
The TVL is a measure of the total value of all assets on the platform, and the fact that it is increasing so rapidly is a very positive sign for the future of Terra.
Factors affecting the Terra’s (LUNA)
This surge in value can be attributed to a number of factors, including the recent launch of Terra’s mainnet and the increasing adoption of the protocol by major exchanges and DeFi protocols.
With the Terra protocol becoming increasingly popular and more widely used, it is likely that the value of Luna will continue to rise in the future.
The increased TVL is a positive sign for the health of the Terra network and indicates that more users are using the platform to trade and store value.
In the past week, Terra’s TVL has increased by 17%, exceeding the growth of both BSC and Avalanche. This is a significant achievement and presents a great opportunity for investors. Terra’s TVL is now the 3rd largest DeFi platform, with a total value locked in of over $5 billion.
This growth is due to a number of factors, including the recent launch of the Terra Station protocol and the addition of new partners such as Binance.
With the continued growth of the DeFi industry, Terra is well positioned to become a leading platform. Investors should consider adding Terra to their portfolios to gain exposure to this rapidly growing sector.