Terra just flipped Binance Smart Chain and became the second largest chain by TVL.
What are some of the most impressive starts behind its growth?
🧵👇
Terra flipped Binance to claim the 2nd spot.
Binance has 232 protocols.
Terra has only 13.
Yet, with ~$20.14B in TVL, Terra moved to 2nd position...
Only behind Ethereum.
Have a look at this:
Another quick stat?
Terra's TVL shot up 2x to reach $20.14B in about a week.
In just the last 24 hours, the increment was 12.41%.
This added to its colossal Year-over-year (YOY) rise of 7,500x.
See it with your own eyes:
Terra's top protocols by TVL are:
- @anchor_protocol
- @LidoFinance
- @terraswap_io
- @astroport_fi
- @mirror_protocol
- @staderlabs
Together, they accumulate $19.08B TVL.
Which means:
These protocols account for 95% of Terra's entire TVL.
Why such a sudden jump in TVL?
You see, $UST is flying to other protocols like Ethereum, Solana, Polygon, and many others.
In practice this means:
People who've never heard of UST or LUNA started to discover the wonders of @terra_money.
In other words:
it's all about massive adoption.
Therefore, price appreciation.
Plus, more and more #LUNAtics are locking their $LUNA and earning yield.
By the way...
Did you notice that Stader is well placed at no. 6?
Check this out:
Stader's TVL has reached $527.22M.
Meanwhile $SD token’s price is still $0.73.
So catch them before they're gone.
Stake now:
terra.staderlabs.com/pools
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.