LUNA, the native coin of the Terra blockchain now is the second largest crypto asset by the total value staked. Data from Staking Rewards, a research platform focused on yield-generating assets, reveals that Terra now comes after Solana as the 2nd largest Proof of Stake (PoS) network. At present, LUNA tokens worth nearly $30 bln are staked.
Related: Terra Surpasses Binance Smart Chain by TVL, LUNA Hits New ATH
Top 10 Proof of Stake Networks ranked by Staked Value 🔥👀
— Staking Rewards (@StakingRewards) March 1, 2022
Source: https://t.co/atStrljH81$SOL $LUNA $ETH $ADA $AVAX $DOT $BNB $ATOM $NEAR $MATIC pic.twitter.com/LVhxmvU7QI
Solana is leading the list with the value of staked SOL standing at over $38 bln. Ethereum 2.0 is the third with $27.5 bln.
PoS is a consensus mechanism, where users need to stake tokens to become node validators and create blocks.The current price of LUNA stands at around $93. In the last 7 days, the price increased by about 77%. LUNA is the seventh largest crypto with more than $34.7 bln market capitalization.