Terra blockchain protocol has overtaken Binance Smart Chain by total value locked (TVL) in its smart contracts. According to data tracker DeFi Llama, the total volume locked in Terra currently stands at around $17.3 billion. The amount went up by over 36% in the last 7 days.
Related: Terra (LUNA) Set a New All-time High, Surpassing $69
Now, Terra is the second chain after Ethereum. TVL locked in Binance Smart Chain is around $16.3 bln. Today (December 20) Terra's native token LUNA hit a new all-time high of $81.28. With a market cap of over $2.9 billion,
LUNA is the 9th largest crypto asset at the moment.
Launched in 2018, Terra aims to make DeFi available to the masses. The blockchain has a stablecoin called USDT, which is pegged to the US dollar.