Claim $500Terra Set to Become the Largest Blockchain By Staked Value, Ethereum 2.0 Hits A Milestone
One cryptocurrency which has been largely resilient to the recent cryptocurrency market correction is Terra’s LUNA. It has succeeded in holding its guard with the LUNA price inching closer to $100. As of press time, LUNA is trading in the positive territory at a price of $97.27, unlike other top ten cryptocurrencies.
The performance comes on the backdrop of strong DeFi activity on the Terra blockchain. Last week, Terra surpassed Ethereum 2.0 in terms of total staked value. As per data from Staking Rewards, Terra is closing the gap faster with Solana to become the largest blockchain by staked value.
Currently, the total staked value on Solana is $31.5 billion while that on Solana is $31.6 billion. Terra’s (LUNA) rise despite the recent market turmoil makes it clear that it is soon to grab the dominant position.
Terra’s LUNA has outperformed the broader crypto market! While a majority of the cryptocurrencies witnessed severe correction in the last two weeks, the LUNA price has nearly doubled.
More Than $10 Million Staked In Ethereum 2.0
On the other hand, Ethereum 2.0 also goes to achieve an important milestone. More than 10 million Ether (ETH) have now been staked on Ethereum 2.0 blockchain with the total staked value crossing $26 billion.
All the staking is currently happening on the deposit contracts on the Beacon Chain. By this July, the Beacon Chain is likely to merge with the existing Ethereum blockchain and replace miners.
Under the current arrangement, users can stake their existing ETH on the Ethereum 2.0 consensus layer. In order to participate, each user needs to deposit and stake 32 ETH into the official Ethereum launchpad in order to acquire a validation status on the network.
The transition to Ethereum 2.0 has been relatively slow as a result of which other Ethereum Layer-1 competitors have been gaining ground. We have been seeing the share of Ethereum dropping in the DeFi space every month as other competitors like Solana, Terra, Avalanche, etc make inroads.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Is Ethereum Price Set for Massive Rally in 2026 as Matrixport Eyes Multi-Year Triangle Breakout?
- Crypto Regulation in South Korea Stalls as US-Inspired Stablecoin Rules Hits Dead End
- Breaking: Metaplanet Buys $451M in Bitcoin, Stock Price Tanks
- Breaking: Hyperliquid Rival Lighter Announces LIT Token Launch Amid Rising Demand
- Binance Tops CME in Bitcoin Futures Open Interest Amid Institutional Selloffs
- Why Bitcoin, Ethereum, XRP, and ADA Prices Are Falling Today
- Is XRP Price Preparing for Trend Reversal as ETF Inflows Extend to a 7th Straight Week?
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
- SUI Price Forecast: What’s Next for SUI in 2026 After $78.9M Token Unlocks?
- Solana Price Prediction: How High Could SOL Go in January 2026?
- Top 3 Predictions for Bitcoin price, Ethereum price and XRP price for 2026 According to Analysts
