Bit Digital - ETH treasury combining ETH staking with AI compute. Sponsored Friend & Sponsor Learn more

Home, Read, Article

Terra's Unlikely Resurrection Bid

Could Terra pull off the unthinkable?

Jack Inabinet
Dec 5, 2023 • 2 min read

Subscribe to Bankless or sign in

Signs of Life? Many in crypto wrote off Terra as a failure after its collapse in May 2022, but signs of life are emerging onchain! Terra Classic (LUNC) and Terra2 (LUNA) have both experienced massive increases in TVL, up 350% and 610%, respectively, over the past month. Can what is dead truly ever die?

While Terra Classic’s muted $6.9M in TVL pales in comparison to its pre-collapse high of $20.3B, Terra2’s $33.4M in TVL is within a stone’s throw of its $55.5M all-time high!

This feels very weird to type out, but

from what im seeing on chain, terra stuff is coming back

Abonnez-vous gratuitement pour continuer à lire

Soutenez le mouvement Bankless
Accès à des milliers d’articles
Archive complète des épisodes Bankless
Lancez-vous dans des quêtes gratuites sur Airdrop Hunter
De l’alpha quotidien dans votre boîte mail

Déjà abonné ? Se connecter

Sponsored Bit Digital ETH treasury combining ETH staking with AI compute.

Written by Jack Inabinet

498 Articles • View all

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.