LUNA overturns Ethereum evolving as a second largest network for the staked price

March 4, 2022


The information shows that there are 226325 stakers accounting for $29.5 billion prices of locked up LUNA, stimulating the network into 2nd place for the staked price. As per the information from Staking Rewards, Terra (LUNA) has overturned ETH in terms of staked price, with the $29.5 billion prices of LUNA described in relation with Ether’s $25.9 billion. The program’s information shows that 226325 LUNA stakers are placing it in the 2nd most staked crypto asset with more than 4 times the number of those staking ETH at 54768. Solana directs the staking charts with $35 billion in staked price.

With regards to annual staking rewards, LUNA is totalled to yield 6.62% on average while ETH earns 4.81%. The most awarded out of the top ten staked assets is Polkadot (DOT) with 13.92%. Staking Rewards brought out the flippening, remarking that LUNA staking had surpassed ETH. Nonetheless, some users brought up that information from DefiLlama occurs to oppose the figures dramatically. The information from DefiLlama’s shows that Ethereum towers over its opponents in terms of a total value locked, TVL of $111.4 billion, distinguished with LUNA’s TVL of $23.35 billion.

Nonetheless, these figures integrate collateral locked across decentralized finance (DeFi) procedures and not just ETH staked on the Beacon Chain, therefore the difference. The explorer reports 9.7 million ETH staked price around $26.5 billion at current prices, related to Staking Rewards figures. In the last seven days, LUNA’s TVL has increased 26.905% and sits well above third-placed BNB Smart Chain (BSC) at $12.03 billion worth of TVL.The cost of LUNA has increased a whopping 78.4% in the last 30 days to stand at roughly $92.84 during writing, while its market capitalization totals $34.5 billion. The asset‘s bullish comeback comes off the back of the Terra protocol burning 29 million LUNA tokens of $2.57 billion in February. The move occurred simultaneously with the supply of TerraUSD (UST) a stablecoin backed by LUNA — that boasted more than 14.5% to 12.92 million tickets.


Have a look at this- LUNA, token of Terra, Bumped to Over $100 in European Hours on Friday

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