The monetary worth of all crypto invested in the Terra (LUNA) ecosystem has now surpassed that of Ethereum (ETH), the platform’s main competitor.
According to recent data from Staking Rewards, the total value of LUNA staked has risen to $30,207,957,209 at the time of writing.
This compared to a total value staked of $28,176,086,261 for Ethereum 2.0.
Staking allows cryptocurrency investors to lock up their tokens and contribute to the network’s security in exchange for rewards.
The price of LUNA has risen 77 percent in the previous week, from a low of $52.20 to $92.58 at the time of writing.
ETH has risen from a low of $2,336 to a high of $2,967, a 27 percent increase.