Terra (LUNA), a competitor to Ethereum (ETH), is surging in terms of both the price of its native asset and the total value locked in its network (TVL). LUNA, the ninth-largest Crypto asset by market capitalization, has gained more than 123 percent in the last 30 days and is currently trading at $97.36. Following the price hike, the project's market valuation has soared beyond $35 billion.