Terra, a decentralized payments network, has become the second-largest blockchain for decentralized finance (DeFi) in terms of total value locked, Coinbase reported.
Terra is behind Ethereum and crossed Binance Smart Chain (BSC) this week, according to the report.
Terra has 13 projects at over $18.2 billion in value, which comes out to more than $1.4 billion per protocol on average, the report stated.