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$888,530,202
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$241,617,461
5,508,898,274,769 LUNC
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6,514,535,108,725 LUNC
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The Terra stablecoins are notable because they operate outside the Ethereum ecosystem, the platform most associated with DeFi. Terra's blockchain is Tendermint-based, making it part of the larger Cosmos ecosystem.
Terraform says its blockchain generates $13 million in fees annually. Its payments system, Chai, has 2 million users and sees $1.2 billion in transaction volume using its TerraKRW stablecoin, which tracks the price of the South Korean won.