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Terra's Unlikely Resurrection Bid

Could Terra pull off the unthinkable?
Jack Inabinet Jack Inabinet Dec 5, 20232 min read
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market analysis Terra's Unlikely Resurrection Bid

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!

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Jack Inabinet

Written by Jack Inabinet

280 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 and remains based out of the Seattle area.

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