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Terraform Lab’s native LUNA is clearly going against the general cryptocurrency market. While heavyweights such as Bitcoin (BTC) and Ethereum (ETH) are declining or showing sideways movement, LUNA hit a new all-time high tonight, gaining another 10% and breaking the $ 81 level.
The weekly growth of Terra LUNA reached 31%, and, despite the daily correction, it still does not rule out setting a new price record in the near future.
Can wait for tomorrow. We are breaking the $80 handle.
Les Gou!!!
$ LUNa $ UST pic.twitter.com/EPeIqBV04y
— LUNAomics🌖 (@Shigeo808) December 20, 2021
The Terraform Labs platform is becoming an increasingly popular destination for most DeFi protocols. Renowned cryptanalyst and crypto trader Ren Neuner wrote that the automated market maker of the ASTROPORT pool blocked $ 1 billion in the protocol.
It is important that this billion will be blocked within a year. This was an important turning point for Terraform Labs as it will attract many new projects.
$1bn locked in ASTROPORT pools! Many people don’t understand this;
1. Finally a tier 1 AMM with incentives on $LUNA.
2.$1bn in $LUNA/related locked, most of it for a year.
3. This move paved the way for many new project launches — more UST minted!
It’s a pivot point for $LUNA
— Ran NeuNer (@cryptomanran) December 19, 2021
The Terraform Labs platform has reached a milestone in terms of the total DeFi locked up cost on the platform. With a total locked value of $ 17.2 billion, Terra is second only to Ethereum, ahead of Binance Smart Chain (BSC).
It’s important to note that LUNA Terra serves far fewer protocols compared to Binance Smart Chain (BSC).
Terra currently has 13 active protocols, while BSC supports over 222 active protocols. In the next 2022, Terra may be replenished with more than 140 protocols.
Terra’s LUNA is one of the game-changing altcoins in 2021. From less than $ 1 at the beginning of 2021, the price of LUNA increased 88 times and showed an annual return of 8700%. Probably in 2022 we will see LUNA in the top 5 cryptocurrencies.
#Terra #LUNA #token #set #record
