As the Terra blockchain collapsed, it decided to eliminate a lot of apps, including Anchor, which was the largest DeFi protocol on the chain at a given point. However, the protocol is worth nothing at the moment. Furthermore, the fact that these protocols do have potential in their use cases, other chains are hounding them […]
![This is how Polygon [MATIC] is benefiting from Terra’s [LUNA] $30 billion DeFi loss](https://images.cryptocompare.com/news/default/ambcrypto.png "This is how Polygon [MATIC] is benefiting from Terra’s [LUNA] $30 billion DeFi loss")
