LUNA Surpasses Ethereum (ETH) in Terms of Total Value Staked

Terra Protocol (LUNA) has become the second-largest proof-of-stake platform overtaking even that of Ethereum (ETH) in terms of total staked value.

LUNA Overtakes ETH as the Second Largest Staked Asset

According to data from Staking Rewards, Terra Protocol’s LUNA token surpassed Ethereum (ETH) in terms of total value staked which currently sits at $30 billion.

Ethereum (ETH) is now in third place with $28.4 billion worth of staked tokens. Meanwhile, Cardano (ADA) and Avalanche (AVAX) stand at fourth and fifth places with total staked value at $22.5 billion and $18.7 billion respectively. While Polkadot (DOT) and Binance Smart Chain (BNB Chain) have $12 billion and $7.8 billion.

Solana remains the most staked asset with over $40 billion worth of SOL staked on various platforms where stakers earn up to 5.86% in yields annually. Meanwhile, stakers of LUNA are earning over 6.98% in annual yields with some earning up to 41%.

LUNA On a Meteoric Rise

Over the last week, LUNA has registered the highest gains at 38.8%. It's now the seventh-largest cryptocurrency by market cap surpassing even that of Solana (SOL), Cardano (ADA), and Avalanche (AVAX).

The price movement was triggered when the Luna Foundation Guard (LFG) announced an over-the-counter sale of the LUNA cryptocurrency where the funds will go towards “establishing a Bitcoin-denominated Forex Reserve for UST”.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Ethereum ETH LUNA Terra Protocol LUNA Staked LUNA Ethereum

LUNA Surpasses Ethereum (ETH) in Terms of Total Value Staked

Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.