Terra strives for the top position at Staked Value after overtaking the ETH
Terra strives for the top position at Staked Value after overtaking the ETH
- The Terra (Luna) ecosystem has a market capitalization of around $ 36.5 billion, which corresponds to a market dominance of around 2 percent.
- The asset increased around 773 percent, 69 percent and 48 percent last year, 30 days or 14 days.
The native coin Luna of the Terra ecosystem takes second place in the value of around $ 31.42 billion. Solana is at the top of the list at around $ 31.55 billion, according to Staking rewards . Ethereum fell to the third position after it had held the top position for a long time. The total value of the deployment in Ethereum is estimated at $ 26 billion.
Numbers do not lie. Ethereum killers win from a number of perspectives. The ETH ecosystem must support thousands of transactions per second in order to eliminate the high costs and the low throughput that are currently nipping its scalability.
Thanks to the Beacon chain that has introduced staking in the Ethereum ecosystem, there is hope that the Smart Contract veteran will come back in the future. Mind you, according to the information from etherscan 10.035.650.00690000000069 Ether in balance, worth around $ 26 billion.
What was once a rumor is a reality in the crypto industry today. Terra (Luna) heads for the top position and will probably emerge as a winner.
The Terra ecosystem offers its users a comprehensive and safe way to make passive by staking. The rapidly growing luna market was attributed to the brilliant way to compensate for its package of stable coins through supply and demand. In addition, it costs relatively less to send value to the Terra blockchain than to the Ethereum ecosystem.
The Smart Contract market is hot before projects that want to be the leaders in the growth of users and developers. It is noteworthy that the Cardano (ADA) ecosystem is also in the race and has a value of around $ 18.6 billion.
AVAX, DOT and BNB follow with $ 15 billion, $ 11 billion or $ 6 billion.
The Terra (Luna) ecosystem has a market capitalization of around $ 36.5 billion, which corresponds to a market dominance of around 2 percent. According to Coingecko, the asset has increased around 773 percent, 69 percent and 48 percent last year.
After the asset reached an all-time high of around $ 103 at the beginning of this week, it has increased by around 79,615 percent since his all-time low in mid-March 2020. As far as its local stable coin terra UST is concerned, it is now in 14th place in terms of market capitalization. With a market capitalization of around $ 14.4 billion, Terra USt is now targeting the top position after Dogecoin, Busd and Dot dethroned. However, it is not a guaranteed and clear way if other projects work more intelligently to stay in the ranking or to move forward. Nevertheless, the Terra project has an experienced team of designers and managers who work towards its mission.
The overall picture of Terra market growth and the Smart Contract sector
Source: Crypto-news-flash.com
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