(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. The platform’s users have been investing large amounts in the protocol to earn staking rewards.

The price for Terra’s native totem, LUNA is rising steadily. In fact, it traded at $94 above one week with a 31% gain. 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.