 | The effects of the collapse of Terra LUNA) and Stablecoin TerraUSD (UST) have spread throughout the cryptocurrency market. In this article, we will go back to the past, to see how Terra has experienced successful milestones, before dying. How was Terra once a giant ecosystem before it collapsed? Do Kwon is the founder of Terra (LUNA), a DeFi ecosystem with $29 billion worth of total value locked (TVL) in its protocols. Its stablecoin, UST, is currently the third largest stablecoin in the world with a market capitalization of $15 billion. Whereas a year ago, UST’s market capitalization was just $1 billion. Read more: https://cryptowallcity.com/how-was-terra-once-a-giant-ecosystem-before-it-collapsed/ [link] [comments] |
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