In the last seven days, the total value locked (TVL) of Terra’s DeFi ecosystem has jumped 17% to reach a new all-time high of a whopping $31 billion. As per DefiLlama, Terra now ranks as the second-largest blockchain by TVL and now accounts for around 11.88%, right behind Ethereum. In addition, Anchor Protocol (ANC) grew to become the biggest lending protocol in the blockchain industry, surpassing the Ethereum-based Aave (AAVE).