DeFi Value on Terra Surges to Record $21B as LUNA Tops $100

Posted on by American Coins & Gold

DeFi Value on Terra Surges to Record B as LUNA Tops 0
LUNA, the native token of decentralized payments network Terra, bumped to over $100 in European hours on Friday to lead a ‘Santa rally’ in crypto markets.Traders took advance of Thursday’s 10% decline to $85 to bring LUNA back to its previous high of $96 in early Asian hours. Then an announcement by crypto exchange Binance that it will list UST, a stablecoin issued on the Terra network, pushed LUNA above $100. The price met resistance at that level and was down 5 cents at press time.Rising prices caused the total value locked (TVL) in decentralized finance (DeFi) protocols on Terra…