Terra (LUNA) Shatters $30,000,000,000 in Total Value Staked, Surpassing Ethereum (ETH)

By Daily Hodl Staff

The dollar value of all crypto staked in the Terra (LUNA) ecosystem is now higher than the platform’s primary rival, Ethereum (ETH).

A surge in LUNA’s price has sent the total value of LUNA staked to $30,207,957,209 at time of writing, according to new numbers from Staking Rewards.

That compares to $28,176,086,261 in total value staked for Ethereum 2.0.

Staking allows crypto investors to lock up their tokens and play a role in securing the network in exchange for rewards.

About 41% of all eligible LUNA is now staked, with 7.92% of eligible ETH staked by crypto holders.

Stakers currently earn about 6.8% in annual yield by staking their LUNA, compared to 4.8% for ETH.

LUNA’s price has soared in the last week, rising from a low of $52.20 to $92.58 at time of writing – a 77% increase.

ETH has jumped from a low of $2,336 to $2,967, which is an increase of 27%.

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Featured Image: Shutterstock/korrakot sittivash/Vladimir Sazonov