Terra’s LUNA Passes Ether to Become Second-Largest Staked Asset

Some $30 billion worth of the tokens are staked by users to earn yields of just under 7%.

AccessTimeIconMar 2, 2022 at 7:36 a.m. UTC
Updated May 11, 2023 at 5:58 p.m. UTC

A price surge in Terra’s LUNA token over the past week has made it the second-largest staked asset among all major cryptocurrencies in terms of total value staked, according to a data source. LUNA surpassed ether, which has just over $28 billion in staked value at the time of writing.

  • Data from Staking Rewards shows over $30 billion worth of LUNA is now staked directly on various platforms, representing a majority of the token’s $34 billion market capitalization.
  • Participants are earning over 6.98% in annual yields. Some 41% of all eligible tokens are staked, the data shows.
  • Cross-chain protocol Orion.money holds over $2 billion in staked LUNA, the largest among all staking applications that support LUNA. Its 43,000 stakers generate nearly 7% in yields.
Terra is the second-largest staked asset. (Staking Rewards)
Terra is the second-largest staked asset. (Staking Rewards)
  • Prices of LUNA rose nearly 70% in the past week amid strong fundamentals and positive sentiment among the community for Terra.
  • LUNA is one of the two tokens issued by Terra, a blockchain protocol that uses dollar-pegged stablecoin UST to build a global payments system. LUNA was among the best performing cryptocurrencies in the past two years with a nearly 76,130% rise since lows of $0.12 on Mar 18, 2020.
  • Staking in crypto refers to a process where token holders deposit – or lock away – a number of tokens to become active participants in running the network in return for rewards. The rewards are referred to as “yields” and are usually higher than those offered by traditional institutions on deposits.
  • Solana’s SOL tokens remain the most staked asset with over $40 billion worth of SOL staked on various platforms. Stakers earn some 5.86% in yields annually.
  • However, ether retains its crown in terms of total value locked on applications built on its blockchain. Over $118 billion is locked on Ethereum-based apps, compared with $23 billion on Terra-based apps and $7 billion on Solana-based apps, data from DeFiLlama shows.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.