Analyzing Terra’s Aftermath
And the implications on the broader crypto ecosystem.
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.