Terra TVL Crumbles More Than $14 Billion

– Terra (LUNA) is a stablecoin that is hedged on fiat money or US dollar similar to Tether.
– Terra’s total value locked suffered a major fall, losing as much as $14 billion because of a reduced DeFi investor interest and a bearish market.
– The blockchain protocol has remarkably lost around 78% in TVL since the first quarter of 2022.
– LUNA has dangerously crashed from $120 to now just around $0.02 a correction of 99%.
– The stock market made its corrections with the SPX traversing under the 4,000 level and then Bitcoin has suddenly retraced to $25,000, a level that was last seen in December 2020.
– Binance, the worlds largest cryptocurrency exchange, has announced that it will delist its Tether (USDT)-margined Terra (LUNA) futures contracts, costing the cryptocurrency community millions of dollars.

 

 

Terra Terra TVL Crumbles More Than $14 Billion
Terra TVL Crumbles More Than $14 Billion 2

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