TechFlow news, according to StakingRewards data, at the time of writing, LUNA staking rewards have reached 6.13%, surpassing Solana (5.85%) and Ethereum (4.81%), making it the token with the highest staking yield.
Additionally, according to Coinmarketcap data, Terra (LUNA) briefly touched $99.60, with a single-day gain exceeding 20%, and is currently retesting its all-time high of $103.33.
Analysts attribute Terra's rise to an increasing number of crypto users staking LUNA tokens, as LUNA offers higher staking returns compared to Solana, ETH, and Cardano (ADA).
According to DeFiLlama data, Terra (LUNA)'s total value locked (TVL) has reached $25.93 billion, second only to Ethereum's $114.52 billion.
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