Its reliable proof-of-stake blockchain and innovative technology has attracted many investors to buy LUNA, who see it as a better stablecoin than its competitors. Unlike other stablecoins, Terra reduces centralisation with a protocol that functions across multiple blockchains. This is known as interoperability and is made possible thanks to Cosmos.
As a result, the market cap of Terra has grown rapidly and is now one of the top-ranked coins in crypto. If Terra transactions continue to grow at a faster rate than its competitors and the stablecoins successfully maintain their price stability, investors may continue to buy Terra over its competitors.