Terra – a popular open source stablecoin network – recently surpassed $20 BILLION in TVL across its Defi protocols. It has a higher locked value than Binance Smart Chain, (BSC).
According to Defi Lama, TVL on Terra started ramping up in the late November and early December. The network had $13 billion in cash by December 16th. Another $3 billion was added within three days. TVL reached $19.58 billion on Wednesday, after reaching a peak of over $20 billion. This is a significant increase on the current value of BSC, which has remained below $17 billion for the past two weeks. Terra currently has the second highest TVL among all networks on Defi Llama. It is only second to Ethereum with a TVL worth $156 billion. LUNA’s value has also risen. After a 50% increase in the price over the previous week, it recently reached an all-time high of $97. According to Binance, it has since fallen to $87.
Terra TVL. Source: DeFi Llama
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