1) Terra is often pigeonholed into the L1 conversation bc it happens to be top 3 by TVL
— Legomakers.UST 🌖 (@tlagomi) December 6, 2021
But at the end of the day, Terra has more in common with an application or dApp
It is an app-specific chain selling one product: $UST (and other fiat stables)
🧵👇
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