Staking Rewards data shows that LUNA has surpassed ETH in terms of staked volume, with $29.5 billion worth of LUNA locked up compared to Ether’s $26 billion, however, there is debate over those figures.
DeFi Llama’s data shows that Ethereum towers over its competitors in terms of a total value locked of $111.4 billion, compared to LUNA’s TVL of $23.35 billion. However, these figures incorporate collateral locked across DeFi protocols, not just ETH staked on the Beacon Chain, hence the discrepancy. Theexplorer currently reports 9.7 million ETH staked worth around $26.5 billion at current prices which is similar to Staking Rewards figures.
One trend that both data aggregators have confirmed, however, is that interest in LUNA has surged of late. Over the past seven days, LUNA’s TVL has increased 26.905% and sits well above third-placed Binance Smart Chain at $12.03 billion worth of TVL. Staking Rewards clarified that staked value and TVL metrics are “entirely different,” as the latter can also incorporate assets locked inThe price of LUNA has gained a whopping 78.4% over the past 30 days to sit at roughly $92.84 at the time of writing, while its market cap currently totals $34.5 billion.
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