Terra (LUNA) Shatters $30,000,000,000 in Total Value Staked, Surpassing Ethereum (ETH)

The dollar value of all crypto staked in the Terra (LUNA) ecosystem is now higher than the platform’s primary rival, Ethereum (ETH).

A surge in LUNA’s price has sent the total value of LUNA staked to $30,207,957,209 at time of writing, according to new numbers from Staking Rewards.

Track live crypto price of 10000+ coins!

That compares to $28,176,086,261 in total value staked for Ethereum 2.0.

Staking allows crypto investors to lock up their tokens and play a role in securing the network in exchange for rewards.

About 41% of all eligible LUNA is now staked, with 7.92% of eligible ETH staked by crypto holders.

Stakers currently earn about 6.8% in annual yield by staking their LUNA, compared to 4.8% for ETH.

LUNA’s price has soared in the last week, rising from a low of $52.20 to $92.58 at time of writing – a 77% increase.

ETH has jumped from a low of $2,336 to $2,967, which is an increase of 27%.

Related:  Avatars For Ukraine – Top Video Game Artists, Celebs Create Poignant NFT Artworks

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/korrakot sittivash/Vladimir Sazonov

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: