Terra protocol exceeds Binance Smart Chain in relation to the value blocked in Defi-Defi

the Total Value Locked (TVL) in decentralized financing (Defi) recovered in the Fiat value after suffering some losses last week. Statistics show that the TVL definition of $ 248 billion has risen by 3.46% in the last 24 hours and the Blockchain Terra has overtaken the Binance Smart with regard to TVL.

The define value of Terra Protocol increases, Luna reaches an all-time high

The Terra protocol has beaten waves as a native crypto-asset of the blockchain ( luna ) has increased by more than 45 % last week. The digital currency recently reached an all-time high (ATH) and Luna is now the ninth largest crypto-asset in terms of market evaluation. In addition to lunas At the last ATH the blockchain network has the Binance Smart overtaking Chain (BSC) regarding TVL in defi.

Most of the year BSC was the second largest blockchain network in relation to the Defi-TVL. This week, however, the Terra protocol BSC exceeded by a few billion dollars. Terras TVL today according to defillama.com , is around $ 19.34 billion, while BSC was around $ 16.67 billion. The Terra TVL in Defi is 16.01 % larger than BSC and has increased by 65.99 % last week.

Terra TVL in defi makes 7.79 % of the aggregated value closed across all chains

A large part of the source value can be traced back to Terra's native token luna new price highest, increases the Stablecoin VAT of the Terra protocols Token. Bitcoin.com News recently how the UST has exceeded the stablecoin dai 30-day statistics shows that the VAT has increased by 29.2 %. lunas largest retail couple is tether ( usdt ) today with 62.25% of all luna trades, and btc follows with 14.81 % of the trades behind tether.

global couples show luna has a strong relationship with Busd (10.42 % of all.) luna shops), BNB (3.49 %), USD (3.09 %) and KRW (2.55 %). Binance, Okex, Kucoin, Huobi Pro or Bithumb Global are among the most active exchanges that are now swapping Luna. While the TVL has increased significantly in the Defi of the Terra Protocol, it has a long way to get the TVL in Defi from Ethereum.

Ethereum has $ 155.2 billion, which corresponds to 62.58 % of the $ 248 billion in defi. The TVL of the Terra protocol in Defi only makes up for 7.79 % of the total $ 248 billion that are blocked in defi, and BSC has 6.72 % of it. Other TVLs in decentralized finance have risen sharply in the past seven days, including Avalanche with 19.25 % and the Chronos network (CRO) with 16.29 %.

What do you think of the recent increase in decentralized financing by the Terra protocol that BSC surpasses? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles for Bitcoin.com news about the disruptive protocols that arise today.

Photo credits : Shutterstock, Pixabay, Wiki Commons, Defillama.com, tradingview,