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LUNA Price
$0.41216
-0.89%
Market Cap
$292.63M
24H Volume
$41.4M
Circ Supply
709.98M

LUNA Market Stats

  • Price $0.41216
  • 1H Change -0.27%
  • 24H Change -0.89%
  • 7 Day Change -22.84%
  • 30 Day Change -5.09%
  • 1 Year Change -22.42%
  • All-Time High $11.9684
  • % From ATH -97.17%
  • ATH Date May 30, 2022

LUNA Explorer

Statility

Terra Info

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It’s now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused a launch of a new chain — resulting in Terra Classic and Terra. 

The development of Terra Classic launched in January 2018 and the blockchain launched in April 2019. It attempted to combine the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offer fast and affordable settlements through its UST stablecoin. Terra Classic offered stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies.

The new Terra blockchain continues the legacy of Terra Classic without the UST stablecoin. It will keep building with the help of the LUNA community dubbed “LUNAtics” and evolve the world-class UX and UI that brought Terra Classic up to second place in total value locked (TVL) at its peak. Many DApps have agreed to migrate to Terra to continue their functionality.

Terra Technical Info

Terra News

Terra Organization & Team

Terraform Labs

Development, Stablecoin Issuer, Technology Company in Asia

Terraform Labs is a startup that created Terra, a blockchain protocol and payment platform used for algorithmic stablecoins.

Do Kwon
Do Kwon

Co-Founder

Terra
Daniel Shin

Co-founder

Terra
Nicholas Platias

Head of Research

Terra
Don Kim

Head of Business

Terra Exchanges

All images, branding and wording is copyright of Terra. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView.