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LUNA Records New All-Time High of $81, Overtakes Binance Smart Chain For DeFi TVL

Terraform Lab’s native cryptocurrency LUNA defies the entire crypto market. Even with top Crypto like Bitcoin (BTC) and Ethereum (ETH) going sideways. But, LUNA is making new all-time highs, with 10% gain and moving over $81.

Furthermore, The weekly gains for Terra LUNA sits at 31%. Also, technical charts show that LUNA has a strong breakout above $80 levels. Which of course, shows potential upsides in the coming days.

“Can wait for tomorrow. We are breaking the $80 handle.”

“Les Gou!!! $LUNa $UST”
pic.twitter.com/EPeIqBV04y — LUNAomics🌖 (@Shigeo808) December 20, 2021

More so, The Terraform Labs platform is now moving to a strong position for most of the DeFi protocols.
So, Popular crypto analyst and CNBC Crypto Trader Ran Neuner explains how the Automated market maker. Of course, ASTROPORT pools has locked $1 billion on Terra LUNA.

“$1bn locked in ASTROPORT pools! Many people don’t understand this;”

“1. Finally a tier 1 AMM with incentives on $LUNA.”

“2.$1bn in $LUNA/related locked, most of it for a year.”

“3. This move paved the way for many new project launches – more UST minted!”

“It’s a pivot point for $LUNA”
— Ran NeuNer (@cryptomanran) December 19, 2021

Lastly, The Terraform Labs platform is recording another breakthrough as per DeFi TVL on the platform. More so, it has $17.2 billion in TVL, coming second after Ethereum. Then, overtaking the almighty binance Smart Chain (BSC).

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.