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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