(LUNA), an open-source stablecoin network, hitAccording to data from the industry, a record $20.05 billion was achieved in total value locked (TVL) across 13 of its product lines. Terra’s TVL stood at $11.9 billion on Dec. 1. This is a 68% rise in less than one month. These numbers indicate that users of the platform are investing large amounts into the protocol in order to get staking reward.

The price of LUNA (Terra’s native token) is trending up as well. It traded above $94, with a 31% rise in one week. According to Cointelegraph Markets Pro. The total market capitalization for the coin is $34.8 Billion, which places it within the top 10 most valuable crypto projects.