Terra (LUNA) has flipped Ethereum (ETH) in terms of staked value, according to Staking Rewards, with $29.5 billion worth of LUNA locked up compared to Ether’s $25.9 billion. There are already 226,325 stakes holding $29.5 billion in LUNA, propelling the network into the second position in terms of staked value.
Ethereum becomes second-largest staked network with LUNA:
According to statistics, there are presently 226,325 LUNA stakes, making it the second most staked crypto asset, with more than four times the number of ETH stakes (54,778). Solana is the staking leader, with a staked value of $35 billion.
LUNA is expected to yield 6.62 per cent in yearly staking incentives, whereas Ethereum is expected to yield 4.81 per cent. Polkadot (DOT) is the most profitable of the top ten staked assets, with a yield of 13.92 per cent.
On March 1, Staking Rewards said that LUNA staking had surpassed Ethereum, although numerous users pointed out that data from DeFi Llama appeared to substantially contradict the findings.
According to DeFi Llama’s statistics, Ethereum has a total value locked (TVL) of $111.4 billion, significantly more than LUNA’s TVL of $23.35 billion. The disparity is because these values include collateral locked across DeFi protocols, not only ETH staked on the Beacon Chain. At present pricing, the Beaconcha. in explorer estimates 9.7 million ETH staked valued about $26.5 billion, which is identical to Staking Rewards statistics.
However, both data aggregators have indicated that interest in LUNA has increased recently. LUNA’s TVL has gained 26.905 per cent in the last seven days, putting it considerably ahead of third-placed Binance Smart Chain (BSC), which has $12.03 billion in TVL.
Staking Rewards explained that staked value and TVL measurements are “completely different” since the latter might include assets locked in DeFi protocols for lending and other functions.
The price of LUNA has risen by 78.4 per cent in the last 30 days to around $92.84 at the time of writing, with a market capitalization of $34.5 billion.
