Analyzing Terra’s Aftermath

And the implications on the broader crypto ecosystem.

Millan Singh
Yard Couch
Published in
7 min readMay 30, 2022

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Three weeks ago, we saw one of the most incredible crashes in crypto history: the fall of Terra. In less than a week, over $40B of market capitalization vanished, and hundreds of thousands of people lost many thousands (or even millions) of dollars.

The response to the fiasco has shone a bright light on a few truths: that most crypto investors only really care about the money and that many crypto projects are not as decentralized as they claim.

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Millan Singh
Yard Couch

Professional Tinkerer, Creative Entrepreneur, and practitioner of A Hero’s Journey. Follow me for tech, crypto, finance, and personal development.