![\\\"The](\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Terra-1024x651.png\\\")
Since December 2020 TVL has grown by 42,000%. A year ago, the amount of assets locked in the Terra ecosystem stood at $42 million.<\/p>\n
According to DeFi Llama<\/a>, the ecosystem comprises 13 projects. The largest among them is Anchor, with a TVL of $5.45 billion. <\/p>\n The key element of Terra is an algorithmic stablecoin<\/a> UST, backed by the native token LUNA. LUNA’s 7-day growth stood at 58%.<\/p>\n Terra was founded in 2018 by Daniel Shin, the president and founder of TicketMonster. The company is one of the leading players in South Korea’s e-commerce market.<\/p>\n In July, Terraform Labs attracted $150 million<\/a> for an investment fund aimed at developing the ecosystem.<\/p>\n The project supports stablecoins pegged to the US dollar, the South Korean won, the Mongolian tugrik, and SDR. The LUNA token is used to govern and back the price stability of assets issued on the network. Users themselves issue \\”stablecoins\\” by burning native tokens.<\/p>\n LUNA can also be used to govern the protocol, stake, liquidity mining, and pay transaction fees.<\/p>\n Recently, the LUNA\/UST pair appeared on the cross-chain derivatives platform Injective.<\/p>\n 1\/ The first Cosmos-native perpetual LUNA\/UST pair is now available for trading on @InjectiveLabs<\/a>! <\/p>\n Users can also access LUNA\/UST + UST\/USDT spot pairs, with IBC functionality enabling native Terra \u2014 Injective transfers directly integrated with your Station wallet \ud83d\ude0e https:\/\/t.co\/2FkyGiuZBH<\/a><\/p>\n \u2014 Terra (UST) \ud83c\udf0d Powered by LUNA \ud83c\udf15 (@terra_money) December 16, 2021<\/a><\/p><\/blockquote>\n ![\\\"The](\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Terra2-1024x281.png\\\")
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