Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    100 XRP Needed To Become A Millionaire? Research Suggests

    100 XRP Needed To Become A Millionaire? Research Suggests

    Bitcoin Price Could Surge To $22K, Why BTC Remains Supported

    Bitcoin Price Could Restart Increase If It Clears This Resistance

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Bitcoin Resumes Decline, Why BTC Could Revisit $40K

    Bitcoin Price Nosedives Below Support As Bears Target $25K

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Why BTC Bears Remain In Control Below $50K

    Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $28K

    Ethereum Price Signaled “Sell” And Remains At Risk of More Losses

    Ethereum Price at Clear Risk of Further Losses After Multiple Rejections

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Is A 500x Surge On The Horizon?

    Is A 500x Surge On The Horizon?

  • Play2Earn
    Skyweaver Introduces New Quest System

    Skyweaver Introduces New Quest System

    Join 3D Alien Worlds Quests in MineQuest

    Join 3D Alien Worlds Quests in MineQuest

    Join the Sky City Closed Beta

    Join the Sky City Closed Beta

    Ascenders City Simulation Alpha Playtest

    Ascenders City Simulation Alpha Playtest

    Play and Earn with Upland Genesis Week

    Play and Earn with Upland Genesis Week

    Bushi Battlepass Mint June 14th

    Bushi Battlepass Mint June 14th

    Worlds Beyond Alpha Games Launch June 7th

    Worlds Beyond Alpha Games Launch June 7th

    Star Atlas Releases Major Showroom Update

    Star Atlas Releases Major Showroom Update

    Be the First to Slay Old Sally in Champions Ascension

    Be the First to Slay Old Sally in Champions Ascension

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    100 XRP Needed To Become A Millionaire? Research Suggests

    100 XRP Needed To Become A Millionaire? Research Suggests

    Bitcoin Price Could Surge To $22K, Why BTC Remains Supported

    Bitcoin Price Could Restart Increase If It Clears This Resistance

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Ethereum Price Regains Strength But Key Downtrend Resistance Intact

    Bitcoin Resumes Decline, Why BTC Could Revisit $40K

    Bitcoin Price Nosedives Below Support As Bears Target $25K

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Ethereum Price Bearish Breakdown – Why Drop Isn’t Over Yet

    Why BTC Bears Remain In Control Below $50K

    Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $28K

    Ethereum Price Signaled “Sell” And Remains At Risk of More Losses

    Ethereum Price at Clear Risk of Further Losses After Multiple Rejections

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Tron (TRX) Sees 10% Price Surge Following Bittorrent Bridge Launch

    Is A 500x Surge On The Horizon?

    Is A 500x Surge On The Horizon?

  • Play2Earn
    Skyweaver Introduces New Quest System

    Skyweaver Introduces New Quest System

    Join 3D Alien Worlds Quests in MineQuest

    Join 3D Alien Worlds Quests in MineQuest

    Join the Sky City Closed Beta

    Join the Sky City Closed Beta

    Ascenders City Simulation Alpha Playtest

    Ascenders City Simulation Alpha Playtest

    Play and Earn with Upland Genesis Week

    Play and Earn with Upland Genesis Week

    Bushi Battlepass Mint June 14th

    Bushi Battlepass Mint June 14th

    Worlds Beyond Alpha Games Launch June 7th

    Worlds Beyond Alpha Games Launch June 7th

    Star Atlas Releases Major Showroom Update

    Star Atlas Releases Major Showroom Update

    Be the First to Slay Old Sally in Champions Ascension

    Be the First to Slay Old Sally in Champions Ascension

  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop
No Result
View All Result
Xarabek
No Result
View All Result

Terra’s Anchor protocol hits $5 billion in TVL, LUNA’s price surges

2021-10-18
in DeFi
0
Terra’s Anchor protocol hits $5 billion in TVL, LUNA’s price surges
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
Bybit Welcome Bonus: Up to $600 in Rewards

Terra’s native financial savings protocol Anchor that gives excessive yield on stablecoins has reached a brand new milestone, recording $5 billion in whole worth locked (TVL).

You might also like

Jimbos Protocol turns to law enforcement after hacker ignores $800K bounty

Jimbos Protocol reaches out to on-chain investigators for help after $7.5M hack

MakerDAO looks to more than double the DAI savings rate

On-chain demand for Terra (LUNA) is principally generated by the highest two protocols, Anchor and Mirror. Whereas Mirror permits artificial asset buying and selling, Anchor permits high-yield financial savings, providing a gorgeous 20% annual proportion yield (APY) on TerraUSD (UST).

Third lending protocol by TVL

Solely days after the anticipated Columbus-5 improve that introduced cross-chain interoperability to the community went stay, and the Anchor’s whole product suite was introduced “steady and accessible” for everyone to work together with, the protocol hit $5 billion in TVL.

One other milestone for @anchor_protocol because it hits $5bn in TVL 🙌 pic.twitter.com/1Tw5vbF7SI

— Jason Wang 🌖 (@jwang815) October 4, 2021

Regardless of the variety of funds locked in, Anchor dropped barely beneath $4 billion shortly after. The protocol nonetheless stays the third lending DeFi protocol primarily based on the TVL metric, following Aave and Compound, with $13,9 billion and $9,9 billion in TVL, respectively, in line with DeFi Llama’s data.

Anchor’s deposits elevated alongside UST‘s market cap, reflecting the expansion of Terra’s consumer base, however as Terra’s ecosystem continues increasing, its customers will enterprise out, trying to find extra technique of using their UST. 

LUNA retains rallying

UST is an algorithmic stablecoin, which leverages Terra’s utility token, LUNA whereas sustaining an almost equal worth to the US greenback. It’s presently the fifth-largest stablecoin with a $2,68 billion market cap.

LUNA is minted when the demand for UST drops and is burned when the demand for the stablecoin rises.

The long-awaited Columbus-5 improve that integrates Inter-Blockchain Communication (IBC) protocol, is ready to open Terra as much as a myriad of decentralized apps (Dapps) within the Cosmos (ATOM) ecosystem. 

1/ Columbus-5 is now formally stay as the brand new Terra mainnet!

Welcome to the way forward for Terra 🌕https://t.co/EFnQnFr2lB

— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) September 30, 2021

Because of the improve, information might be shared between Terra and different Cosmos-integrated blockchains, which is anticipated to additional enhance the demand for LUNA and UST, consequently rising the native token’s worth.

Following the improve, LUNA’s worth is rallying, because the token continues recording new all-time highs.

LUNA hitting 3 ATH in 24 hours! WHAT?! Let’s gooo! Hold it pumping #LUNAtics !! $LUNA #LUNA #Terraluna 💥🚀🚀🚀🚀 pic.twitter.com/vqN7jxlDrA

— Vic (@Vdhnyc) October 4, 2021

Bybit Welcome Bonus: Up to $600 in Rewards

Like what you see? Subscribe for updates.



Source link

Tags: AnchorBillionHitsLUNAsPriceProtocolSurgesTerrasTVL
Share30Tweet19

Recommended For You

Jimbos Protocol turns to law enforcement after hacker ignores $800K bounty

2023-06-01
0
Jimbos Protocol turns to law enforcement after hacker ignores $800K bounty

What's Crypto Alpha?A web3 membership designed to empower you with cutting-edge insights and information. Be taught extra ›Linked to AlphaWelcome! 👋 You're related to Crypto Alpha. To handle...

Read more

Jimbos Protocol reaches out to on-chain investigators for help after $7.5M hack

2023-06-01
0
Jimbos Protocol reaches out to on-chain investigators for help after $7.5M hack

What's Crypto Alpha?A web3 membership designed to empower you with cutting-edge insights and data. Study extra ›Related to AlphaWelcome! 👋 You might be linked to Crypto Alpha. To...

Read more

MakerDAO looks to more than double the DAI savings rate

2023-05-30
0
MakerDAO looks to more than double the DAI savings rate

What's Crypto Alpha?A web3 membership designed to empower you with cutting-edge insights and information. Be taught extra ›Related to AlphaWelcome! 👋 You might be related to Crypto Alpha....

Read more

Cardano’s native DeFi protocols surge as TVL soars 230% in 2023

2023-05-27
0
Cardano’s native DeFi protocols surge as TVL soars 230% in 2023

Information from DeFiLlama confirmed the Whole Worth Locked (TVL) within the Cardano DeFi ecosystem at present quantities to $161.81 million.At first of 2023, the determine got here in...

Read more

Vitalik Buterin says Ethereum’s consensus is ‘fragile’ and should not be stretched

2023-05-24
0
Vitalik Buterin says Ethereum’s consensus is ‘fragile’ and should not be stretched

Vitalik Buterin warned in a blog post as we speak that Ethereum’s consensus is fragile and must be used “sparingly” due to the excessive danger of forks within...

Read more
Next Post
Epic Game Store Will Support NFT Games

Epic Game Store Will Support NFT Games

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

The Sandbox and Square Enix to Bring Dungeon Siege RPG Experiences to the Metaverse

The Sandbox and Square Enix to Bring Dungeon Siege RPG Experiences to the Metaverse

2022-03-11
Lone Bitcoin Bitfinex Whale Wants More Blood, Buyers Beware?

Bitcoin Bears To Resume Assault? Why BTC Could Crash To $33K

2022-01-31
The full story behind the ‘Cardano > BTC, ETH in transaction volume’ narrative

The full story behind the ‘Cardano > BTC, ETH in transaction volume’ narrative

2022-03-06

Browse by Category

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

ABOUT US

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Investment, Market, and more.

Referall

https://bit.ly/2Y2f9sP

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Crypto
  • DeFi
  • Education
  • Ethereum
  • Investment
  • Learn About Crypto
  • NC
  • NFT
  • Play2Earn
  • Strategy
  • Uncategorized

NEWSLETTER

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2021 Xarabek - All rights reserved

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
    • DeFi
  • Learn
  • Analysis
  • Play2Earn
  • Investment
    • subscription packages
  • Strategy
  • Market Cap
  • Tutorial
  • Shop

© 2021 Xarabek - All rights reserved

  • RelevantRelevant(REL)$0.825.35%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • B20B20(B20)$0.4507925.62%
  • BitballBitball(BTB)$0.0019770.37%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • MoonToolsMoonTools(MOONS)$13.810.00%
  • StacyStacy(STACY)$0.0007100.00%
  • Lunch MoneyLunch Money(LMY)$0.0004180.00%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%