Terraforms Labs confirms the breakthrough of its Terra blockchain. Its stablecoin, UST, increased its market capitalization by 45 times during the year.
So far, we have known three big leaders in this sector: the USDT of Tether, the USDT of Coinbase and the BUSD of Binance. In addition, in the DeFi sector (decentralized finance), ahad marked the young history of the domain, the DAI of MakerDAO – based on .
Surprisingly, a stablecoin imposed itself on ameteoric during the year: the UST of TerraForms Lab. Its capitalization stood at some $ 200 million in January. It exceeded $ 9 billion in December. The UST has thus dethroned the DAI and is now in the Top 20 of cryptocurrencies.
A consecration for Terra Luna
For the blockchainof Terraforms Lab, we have here an additional confirmation of a real dedication. Because the Terra Luna currency has recently entered the closed circle of the world’s top 10 cryptocurrencies, . Positioned in 9e position, it is immediately followed by another promising young currency, the Avax de .
In other words, the year 2021 was a year full of twists and turns in a sector where the first places are still to be taken before the market stabilizes inevitably.