Terra (LUNA) which was an unfathomed cryptocurrency during early 2021 is now a sparkling star under the top 10. The progressive maturation right through the year in the context of outgrowth in fundamentals and collaborations had yielded a status of where it is now. However, Total Value Locked (TVL) has seen an exponential rise from just $50 million in January to $18.2 billion at the press time.
Whopping Cash-Flows To LUNA!
Traders appear to be broadly inquisitive towards this emerging ecosystem and move their vast amount of money to enjoy benefits. However, daily cash flow is been gradually increasing towards the asset. Whilst LUNA price had almost doubled in November last week with enormous cash-inflow in the same week. As the price seeks to take another leg-up there has been an aggressive move in cash flow towards Terra round the clock.
On the other hand, to envisage the hype and the steadfast outgrowth of Terra, a recent chart highlights the swift rise in the staked supply of LUNA. The rampant intrigue amongst traders in staking and conviction in Terra’s native token.
Along with the above matrices, the number of transactions has been rising on the chart since the start of the year. Moreover, traders can get access to weekly airdrops by the platform just by staking LUNA. As a whole, all these aspects allude to a sign of a healthy ecosystem with a very vibrant user base.
Collectively, the Terra blockchain has topped the list of most active zones by total transactions on the Cosmos ecosystem in the last 30 days. At present, the price has been trading at $82.5 with a 28% upsurge in trading volume round the clock. As the micro and macro outlook for the asset looks bullish, the LUNA price is expected to transgress the $100 mark in the short term.