What Bear Market?Aug 19, 2021
Total value locked in Terra’s DeFi stack breached it’s ATH from Apr. 2021. This is, for the most part, driven by price appreciation of LUNA and other Terra ecosystem tokens. But there are a slew of protocols set to launch on Terra in the coming months, some of which incorporate completely new dynamics to existing primitives.
Ethereum and Solana’s TVL haven’t grown at the same rate as Terra’s in recent months, but the growth is nevertheless impressive as they approach their previous ATHs. For both of these networks, TVL growth is mostly driven by price appreciation of locked tokens rather than a burst of inflows.