The market cap of Terra's UST stablecoin grew by two million USD in March 2022 alone, a continuation of the growth since November 2021. Due to the coin's usefulness for Decentralized Finance or DeFi - the coin is effectively less volatile than other cryptocurrencies due to its design - the UST stablecoin and its supportive LUNA token were both among the top crypto in terms of market cap in 2022.
Market capitalization of TerraClassicUSD (USTC) from November 2020 to June 2, 2024
(in billion U.S. dollars)
Characteristic
TerraClassicUSD (USTC) market cap (in billion U.S. dollars)
Year-on-year percentage change (%)
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CoinMarketCap, & Statista. (June 3, 2024). Market capitalization of TerraClassicUSD (USTC) from November 2020 to June 2, 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1298212/terra-market-capitalization/
CoinMarketCap, und Statista. "Market capitalization of TerraClassicUSD (USTC) from November 2020 to June 2, 2024 (in billion U.S. dollars)." Chart. June 3, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1298212/terra-market-capitalization/
CoinMarketCap, Statista. (2024). Market capitalization of TerraClassicUSD (USTC) from November 2020 to June 2, 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1298212/terra-market-capitalization/
CoinMarketCap, and Statista. "Market Capitalization of Terraclassicusd (Ustc) from November 2020 to June 2, 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/1298212/terra-market-capitalization/
CoinMarketCap & Statista, Market capitalization of TerraClassicUSD (USTC) from November 2020 to June 2, 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1298212/terra-market-capitalization/ (last visited July 27, 2024)
Market capitalization of TerraClassicUSD (USTC) from November 2020 to June 2, 2024 (in billion U.S. dollars) [Graph], CoinMarketCap, & Statista, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/1298212/terra-market-capitalization/