Here’s how Terra traders use arbitrage to profit from LUNA and bLUNA By Cointelegraph

Here’s how Terra traders use arbitrage to profit from LUNA and bLUNA By Cointelegraph
Here’s how Terra traders use arbitrage to profit from LUNA and bLUNA By Cointelegraph

The end of the year is normally a time to wind down and prepare for the holiday season, but the last few weeks of 2021 saw a crypto market that showed no signs of resting.

One of the headline-grabbing stories related to reaching an all-time high in terms of the total value locked (TVL), and the project surpassed Binance Smart Chain (BSC) as the second-largest decentralized finance blockchain after . After reaching the $20-billion TVL mark on Dec. 24, Terra’s TVL has come down to around $19.3 billion at the time of writing according to data from Defi Llama, but this is in no way, shape or form a bearish signal.

Top 5 total value locked on the top 5 blockchains. Source: Defi LlamaTerra TVL in USD (left) vs. in LUNA (right). Source: Defi…

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