Terra (LUNA), known as the “Ethereum (ETH) killer”, has reached an important milestone in DeFi.
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Terra now accounts for almost 10% of DeFi TVL (total locked value). According to data from the DeFi Llama platform, Terra is approaching a historic milestone.
Terra can surpass 10% in DeFi TVL for the first time since its inception. Ethereum accounts for 56.7% of this volume.
Ethereum and Terra are followed by BNB Chain (formerly Binance Smart Chain), Avalanche (AVAX) and Fantom (FTM). These three platforms account for 16% of DeFi TVL.
Terra platform’s native token LUNA is trading at $67.03 at the time of writing, according to CoinMarketCap data.
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