As Terra ascends the ranks of the top ten cryptocurrencies, its popularity as a yield generator continues to soar. It is now the second most staked crypto by value, surpassing even Ethereum 2.0.
Staking VS DeFi
To be clear, this “staked” value does not refer to the “total value locked” in the DeFi protocols on various blockchains. Ethereum still dominates in this arena, with $110 billion locked out of the total $200 billion across all of DeFi. Terra remains at a distant 2nd with $23.7 billion TVL on the network – an all-time high.
However, when compared to other proof of stake blockchains, nearly $28 billion worth of LUNA is now devoted to keeping the blockchain functional. That makes it the top chain for staking besides Solana, where $35 billion worth of SOL is staked.
Proof of stake is a consensus mechanism that helps prevent a blockchain network from being spammed with invalid transactions/ blocks. It requires users to lock up their cryptocurrency for a chance to be sele
We współpracy z: https://cryptopotato.com/luna-now-second-biggest-network-in-terms-of-staked-value/
