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05.01 - 18:55
Terra’s prospects perk up as it surpasses Binance Smart Chain, but watch out for these signs
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ambcrypto.comTerra has been in the news frequently of late, and its impact on a larger scale, definitely pushed LUNA to new heights.
21 December was an important day for Terra, as the network officially overtook the Binance Smart Chain (BSC) in terms of the Total Value Locked (TVL). Given that within three days the same increased by 71.6% to become the second biggest DeFi chain in the world. Now, whether or not it is absolutely valid is yet to be determined.
In any case, a notable rise was also observed in some of the protocols on Terra led by Loop Finance as the protocol’s TVL went up by 177% over the week.
DeFi chains’ ranking | Source: DeFi Llama – AMBCrypto
Additionally, TerraSwap and Anchor also contributed to this rise significantly. Anchor recently
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