![\"Terra](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/12\/shutterstock_2075714329.jpg\")
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The total value locked (TVL) in decentralized finance (defi) has rebounded in fiat value after suffering some losses last week. Statistics indicate that the $248 billion TVL in defi has increased 3.46% during the last 24 hours and the blockchain Terra has overtaken the Binance Smart Chain in terms of TVL in defi.<\/strong>\n<\/p>\n \n For most of the year, BSC was the second-largest blockchain network in terms of defi TVL. However, this week the Terra protocol has surpassed BSC by a few billion dollars. Terra\u2019s TVL today, according to defillama.com<\/a>, is around $19.34 billion while BSC is around $16.67 billion on Tuesday. The Terra TVL in defi is 16.01% larger than BSC and its increased 65.99% during the last week.<\/p>\n \n Global pairs show LUNA<\/a> has a strong relationship with BUSD (10.42% of all LUNA<\/a> trades), BNB<\/a> (3.49%), USD (3.09%), and KRW (2.55%). The most active exchanges swapping LUNA today include Binance, Okex, Kucoin, Huobi Pro, and Bithumb Global respectively. While Terra protocol\u2019s TVL in defi has increased a great deal, it still has a long ways to go to catch up with Ethereum\u2019s TVL in defi.<\/p>\n Ethereum has $155.2 billion which is 62.58% of the $248 billion locked in defi today. Terra protocol\u2019s TVL in defi is only 7.79% of the aggregate $248 billion locked in defi and BSC has 6.72% of that total. Other TVLs in decentralized finance increased a great deal during the last seven days include Avalanche which increased 19.25% and the Chronos (CRO) network increasing 16.29%.<\/p>\nTerra Protocol\u2019s Defi Value Swells, LUNA Taps an All-Time High<\/h2>\n
\nThe Terra protocol<\/a> has been making waves as the blockchain\u2019s native crypto asset (LUNA<\/a>) has increased more than 45% over the last week. The digital currency recently tapped an all-time high (ATH) and LUNA is now the ninth-largest crypto asset in terms of market valuation. In addition to LUNA\u2019s<\/a> recent ATH, the blockchain network has overtaken the Binance Smart Chain (BSC) in terms of TVL in defi.<\/p>\nTerra TVL in Defi is 7.79% of the Aggregate Value Locked Across All Chains<\/h2>\n
\nLots of the swelling value is due to Terra\u2019s native token LUNA<\/a> reaching new price highs, Terra protocol\u2019s stablecoin UST increasing its tokens in circulation. Bitcoin.com News recently reported<\/a> on how UST surpassed the stablecoin DAI and 30-day stats indicate UST has increased by 29.2%. LUNA\u2019s<\/a> biggest trading pair is tether (USDT<\/a>) today with 62.25% of all LUNA trades, and BTC<\/a> follows behind tether with 14.81% of trades.<\/p>\n