The “Terra” crypto project has become the second largest crypto project based on the “staking” mechanism, according to data provided by “Terra”.Staking rewards“

Project Terra is only behind Solana.

The total percentage of LUNA coins hoarded is currently 41.35%.

The total dollar value of all LUNA cryptocurrencies participating in the quota is over $30.1 billion.

Ethereum 2.0 comes in third with $28.4 billion in cryptocurrency exchange value.

Cardano and AVAX are in fourth and fifth place, respectively, with a cumulative value of $22.5 billion and $18.7 billion.

While DOT tokens are worth $12 billion and BNB is $7.8 billion.

Quoting is the process of locking in cryptocurrencies in order to receive rewards in exchange for contributing to authenticating transactions and maintaining network security.

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Terra’s current annual return is around 6.98%.

Terra offers higher rewards compared to Solana (5.84%), Ethereum 2.0 (4.81%) and Cardano (5.22%).

However, Terra has a much lower annual return compared to AVAX Coin (9.19%) and Polkadot (13.84%).

LUNA’s price is up almost 90% over the past week, significantly outperforming Bitcoin in terms of performance.

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