New protocols are launching day by day on totally different networks within the crypto area and the development is more likely to proceed via this 12 months. When wanting on the prime 5 networks by complete worth locked (TVL) — (ETH), (LUNA), Binance Good Chain (BSC), (AVAX) and (SOL) — in accordance to information from DeFiLlama, Ethereum have 579 protocols (together with L1 and L2); Terra has 25, BSC has 348, Avalanche and Solana have 187 and 64 protocols, respectively. The low variety of protocols and excessive TVL from Terra absolutely stand out because the outlier right here.
Terra’s TVL reached an all-time excessive at $20 billion in December 2021 earlier than dropping to $13 billion through the January 2022 crash. To this point, the ecosystem has managed to spice up its liquidity again to $26 billion.
LUNA is the instrument that ensures the UST-USD peg
LUNA worth is very correlated with new protocol launches
ASTRO worth and quantity after the launch
Mars worth and quantity after the launch
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