Terra Crypto Products Gain Momentum: LUNA Skyrocketed 17.5%

During the day, the price of Terra LUNA increased by 17.5%. This happened after Terra USD (UST) entered third place in terms of capitalization among stablecoins.

On April 18, the total capitalization of Terra USD (UST) exceeded $17.53 billion, which allowed the asset to outperform Binance USD (BUSD). At the time of writing, LUNA is trading near the $93 mark.

Terra became the largest holder of the Convex (CVX) token over the past 30 days, according to research firm Delphi Digital. The platform accumulated 649,000 CVX (~$17.7 million) over the period and outperformed Frax Finance.

According to DeFi Llama, the protocol ranks sixth among DeFi projects by TVL with $12.18 billion.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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