Terra (LUNA) daily transaction volume up until March 23, 2022
the most traded virtual currencies on the market during this time. One reason for this interest is the currency's close relation to Decentralized Finance (DeFi) and the Anchor Protocol, specifically. This crypto lending platform - which is built off the Terra blockchain, which Luna uses as well - promised large returns when investors staked some of their coins there.
Luna's network activity on the Ethereum blockchain was highest in late January 2022, with a brief spike in early March 2022. The latter could possibly be attributed to the Russian invasion in Ukraine, as Luna was one of the cryptocurrencies during that moment which did not see a price decline. The digital coin ranked among