LUNA, the native token of the Terra ecosystem, is one of the b | STIPS|Oculus

LUNA, the native token of the Terra ecosystem, is one of the best-performing coins in the market at the moment.

Terra is a leading decentralized finance (DeFi) blockchain and has recently reached a new milestone. According to the latest data, the total value locked (TVL) on DeFi protocols on the Terra blockchain hit $11.9 billion a few hours ago. This latest development makes Terra the fifth-largest DeFi blockchain, just behind Avalanche. Ethereum, Solana, Binance Smart Chain and Avalanche are some of the leading DeFi blockchains in the crypto space at the moment.

Following this latest development, LUNA hit a new all-time high above the $65 mark. The rally allowed LUNA to overtake Shiba Inu and become the 11 largest cryptocurrency by market cap.