Terra’s native cryptocurrency LUNA has witnessed a strong rally despite the market volatility in recent times. The LUNA crypto is aiming a move to its new all-time high and is currently trading 7.5% up at a price of $95.36 with a market cap of $35.7 billion.
With the recent move, Terra’s LUNA becomes the second-largest Proof-of-Stake (PoS) network by staking rewards toppling giants like Ethereum 2.0, as per the latest data from staking rewards.
Terra $LUNA is now the 2nd largest PoS network by Staking market cap having overtaken Ethereum 2.0 $ETH
Source: https://t.co/R9BVR4Ce4W pic.twitter.com/33CgPrr99a
— Staking Rewards (@StakingRewards) March 1, 2022
Terra’s LUNA has emerged as a strong competitor to Ethereum with growing demand among DeFi protocols. However, Terra LUNA remains second after Ethereum in terms of the total value locked (TVL) which currently stands at $23.7 billion.
Over the last week, LUNA has registered the highest gains at 77% among all the top ten crypto
We współpracy z: https://coingape.com/terras-luna-topples-ethereum-2-0-for-the-number-2-spot-by-staking-market-cap/
