Terra Luna Outpaces Solana and Cardano After Gaining 30%: Details

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Terra Luna Outpaces Solana and Cardano After Gaining 30%: Details
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Terra Luna outperforms Solana and Cardano upon rising 30%: details luna terra terraluna crypto LUNAtics

Perdata, Terra is the largest staked asset among all major cryptocurrencies in terms of total value staked, likewise in terms of TVL , outpacing Solana, Ethereum and Cardano. Presently, more than $31.4 billion in LUNA have been staked directly on multiple platforms. Annual yields for participants are over 6.13%.

Terra also presently ranks the second-biggest smart contract platform by total value locked, coming after Ethereum, according to data provided by . At a present total value locked of $25.65 billion, Terra ranks ahead of Binance Smart Chain, Avalanche and Fantom.and other cryptocurrencies surged after the U.S. Treasury reportedly disclosed details of President Joe Biden's executive order. The Treasury statement was quickly retracted after it was released, but it was widely regarded as positive for the cryptocurrency sector.

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