Terra's $LUNA projects are migrating toward this blockchain, Fwiz says
According to Mr. Wyatt, over 48 projects, including NFT ecosystem One Planet and Derby Stars HQ Play-to-Earn protocol, have already transferred their development workloads to Polygon Network . On May 15, amid the most dramatic phase of the Terra collapse, Polygon Studios CEO stated that his ecosystem will support the migration of protocols to Polygon.
He claimed that Polygon would"be putting capital and resources" into ensuring seamless migration of both projects and their communities from Terra .As covered by U.Today previously, Terra's ecosystem collapsed due to dramatic luquidity withdrawals from Anchor Protocol , which was its building block.Both LUNA and UST dropped to almost zero in a few days. On May 27, 2022, Terra's Do Kwon restarted the blockchain as Terra 2.0. However, its dApps ecosystem has been destroyed. Prioir to the collapse, Terra was the largest smart contracts platform by TVL behind Ethereum . In recent weeks, its TVL metrics
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