6 Crazy Terra Stats

Terra Blockchain Seeing Significant Growth

Mar 6

Welcome to the alpha please newsletter. I curate alpha for you. That’s it; that’s the newsletter.

Terra is becoming too big to ignore. I’ve highlighted a few stats that demonstrate the growth of the blockchain’s ecosystem.

*Data snapshot taken on March 6

1. Terra is now the second biggest chain by TVL

And this is by a distance. TVL has grown by 73% in the last month.

2. UST's market cap now sits at $13.6B

The supply has expanded by an average of $125M each day for the last 7 days.

If it continues at this rate then the market cap will hit just over $51B by EOY.

3. 21.73% of the total LUNA supply has now been burned

0.83% of the supply was burned in the last week. Again, if demand for UST continues at its current rate almost all of the LUNA in existence would be burned to service the demand in the next few years. Obviously, there are many other factors that affect this.

4. Astroport just did $613M in 24h volume

This makes Astroport the second biggest DEX by volume in crypto right now. Astroport only launched a few months ago.

5. Anchor Protocol’s TVL has moved up by 45% in the last month

Increased confidence in UST has seen a big increase in deposits on Anchor. That puts it at 6th in the dApp TVL rankings, and it's now sitting just $700M below AAVE.

6. Another 87 projects are planning to launch on Terra in 2022

Terra currently has 73 on-chain projects. All newer projects all likely to create additional demand for UST.

And that’s your alpha.

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.

alpha please