Terra (LUNA) continues to record remarkable growth with a record total locked in value (TVL) surpassing $ 17.2 billion at the time of this writing.
Indirectly, this latest record puts Terra above the Binance Smart Chain (BSC) position which only recorded TVL at $ 16.43 billion.
Based on observations at DeFi Llama, TVL Terra has increased by almost 7% in 24 hours.
While there is still a long way to go to catch up with TVL Ethereum’s $ 149.39 billion performance, it’s not impossible for Terra to continue to grow with the space available.
LUNA's performance today is very exciting with the current trading value, $ 79 up 7% in 24 hours.
Since recording a daily lowest price, $ 51.82 on Dec. 14, LUNA jumped more than 54% after touching an all -time high (ATH), $ 80 early this morning.
At the time of writing, LUNA posted a trading price of $ 78.11, up nearly 20% in 24 hours.
Indirectly LUNA has outperformed Avalanche (AVAX) and Polkadot (DOT), becoming the 9th largest crypto asset.
The factor to this sharp price spike can be seen when the high demand for TerraUSD (UST) stablecoin, thus prompting faster burning of LUNA.
At the same time this will also open up space of high demand for LUNA. Is this a signal LUNA will break through $ 100 in 2022?
