(LUNA), an open-source stablecoin network, HitThe company’s 13 products reached an unprecedented $20.05 billion total value locked or TVL. This is according to industry data. Terra’s TVL reached $11.9 million on December 1, which is 68% more than it was a month ago. These numbers indicate that users of the platform are large-scale investors in the protocol, to get staking benefits.

The price of LUNA (Terra’s native token) is trending up as well. It traded above $94, with a 31% rise in just 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.