Terra’s total value locked (TVL) in decentralized finance DeFi has increased from $350,174 to today’s $41.55 million. $LUNA
held on April 29, 2022. Today is a totally different story and the Terra ecosystem is a shell of what it used to be five months ago.
For instance, LUNC is trading for less than a U.S. penny at $0.00025948 per unit which is a lot lower than the $88 per coin recorded on April 28, and much lower than the coin’s all-time high at $119 per unit recorded two week’s prior. In terms of the new Terra Phoenix blockchain’s native asset which now leverages the name luna , it’s down 86.2% lower than the $18.87 all-time high recorded five months ago.
At that time, the TVL was $350,174 and since then it has grown to $41.55 million. While the Terra classic chain held $29.29 billion last April, it’s now just under $10 million today at approximately $9,493,635. While Astroport and Terraswap have roughly $3.5 million, the defi lending protocol Anchor has around $1.6 million.On the Phoenix chain, in terms of TVL held in defi, the decentralized exchange app Astroport holds around $27.55 million, followed by Risk Harbor’s $14.76 million.
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