Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions

2021-12-20 16:13

While the broad crypto market is getting hammered, some coins emerge as outliers.

Bitcoin and Ether are stuck in a range and are currently sitting around $46k and $4,800, respectively, while the total crypto market is at about $2.2 trillion.

But this past week, Yearn Finance (YFI), Arweave (AR), Hedera (HBAR), and Spell Token (SPELL) posted 20% to 60% gains. YFI 16.20% yearn.finance / USD YFIUSD $ 36,812.00
$5,963.54 16.20% Volume 719.61 m Change $5,963.54 Open $36,812.00 Circulating 36.64 K Market Cap 1.35 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=YFI&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 2 h Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions 1 mon CREAM Price Crashes as Team Announces Distribution of 1,453,415 Tokens to the Victims of the 3rd Hack of the Year 1 mon Grayscale Adds Avalanche (AVAX) and Terra (LUNA) to its Investment Product Consideration List AR -7.91% Arweave / USD ARUSD $ 52.70
-$4.17 -7.91% Volume 100.61 m Change -$4.17 Open $52.70 Circulating 33.39 m Market Cap 1.76 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=AR&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 2 h Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions 1 mon Big Week Ahead? Bitcoin Rallies Towards ATH, Ether Sets A New High, Crypto Marks Hits $3 Trillion 2 mon Risk-on Assets Recover and Start Rallying After Fed Chair Pushes Back Decision on Tapering to November HBAR -3.09% Hedera / USD HBARUSD $ 0.30
-$0.01 -3.09% Volume 204.34 m Change -$0.01 Open $0.30 Circulating 18.09 b Market Cap 5.46 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=HBAR&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 2 h Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions 2 w Korea’s Oldest Bank to Use Hedera Network for Testing KRW-Stablecoin in Cross-Border Remittances 2 mon Circle’s Stablecoin USDC Launches on Hedera Hashgraph's Network SPELL -4.15% Spell Token / USD SPELLUSD $ 0.02
$0.00 -4.15% Volume 109.82 m Change $0.00 Open $0.02 Circulating 0 Market Cap 0 baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=SPELL&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })();

YFI went above $35,000, a level last seen in early November, after the team announced that it would start “massively buyback” YFI tokens. Also, the Yearn Finance team is revising its tokenomics to distribute fees to holders and is looking at veCRV model and xSushi models for inspiration.

Among the outliers are two more names, Ethereum competitors Avalanche (AVAX) and Terra (LUNA), whose token value is rising along with their blockchain usage.

LUNA, a $28.5 billion market cap coin, actually hit a new all-time just above $81 today. LUNA -2.40% Luna Coin / USD LUNAUSD $ 0.01
$0.00 -2.40% Volume 0 Change $0.00 Open $0.01 Circulating 1.71 m Market Cap 13.4 K baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=LUNA&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 2 h Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions 2 w Crypto Expected to “Outperform” if Inflation Persists, Bitcoin and Ether Options OI Trend Upwards To New Highs 2 w Terra Stablecoin Supply Surges by $5B In Under A Month, Bitcoin in Macro’s Clutches, SHIB Added to Balance Sheet

Terra’s stablecoin UST’s supply is on a continued incline, currently above $9 billion, while it was not even $3 billion earlier last month.

“The biggest surprise to me over the past 18 months of Terra wasn’t the success of UST, it was the speed at which Terra was able to bootstrap a full-fledged smart contracts ecosystem. Just under one year to build a viable contender among Ethereum, Solana, and Avalanche,” noted Ryan Watkins of crypto data provider Messari.

The total value locked (TVL) in the Terra ecosystem has also surged past $16.9 billion, a new high, and up from just $1 billion in April this year, as per DeFi Llama. With this, Terra has become the second biggest decentralized finance (DeFi) ecosystem, taking over Binance Smart Chain (BSC)’s $16.4 bln.

Ethereum meanwhile continues to lead the space, having amassed $146.9 billion.

With over 42% dominance, money market protocol Anchor is leading Terra’s TVL, followed by Lido ($4.95 bln), Terraswap ($1.86 bln), and Astroport ($1.08 bln).

Solana (SOL) has fallen to fifth place with its TVL at $11.39 bln, having slid from over $15 bln ATH in early December. SOL -6.84% Solana / USD SOLUSD $ 171.81
-$11.75 -6.84% Volume 1.79 b Change -$11.75 Open $171.81 Circulating 308.11 m Market Cap 52.94 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=SOL&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 2 h Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions 4 d Kevin Durant Signs Multiyear Deal with Coinbase, Michael Jordan Launching HEIR on Solana 6 d Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report

Meanwhile, Avalanche has taken fourth place as its TVL remains high at $11.63 bln but down from almost $14 billion earlier this month. Popular lending protocol Aave is leading this TVL at $3.13 bln followed by TraderJoe at $2 bln then Benqui at $1.58 bln, and Curve at $1.13 bln.

The bokeh is also recording high usage with daily transactions on Avalanche C-Chain climbed to 756k while four months back in August, it was doing a mere 10k transactions. Its unique addresses have also been on a continuous uptrend, now nearing 1.3 million.

In comparison, Ethereum blockchain has processed 1-1.4 million transactions daily since June while its ATH is just above 1.7 million transactions on May 11. Its unique address meanwhile is now at almost 181.5 million.

AVAX meanwhile, a $25 billion market cap coin, is trading at $103.4, down about 29% from its ATH a month back. AVAX -3.07% Avalanche / USD AVAXUSD $ 107.62
-$3.30 -3.07% Volume 1.31 b Change -$3.30 Open $107.62 Circulating 243.2 m Market Cap 26.17 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=AVAX&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 2 h Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions 1 w ETHBTC Hits New 2021 High, Dogecoin and Ethereum Price Leading Google Trends in 2021 1 w Over 4.4 Billion Added in Total Stablecoin Supply in the First Week of December

The post Crypto Outliers: Terra (LUNA) Amasses .9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions first appeared on BitcoinExchangeGuide.

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