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LUNA Price
$1.66722
-2.27%
24H Price Chart
Market Cap
$212.53M
24H Volume
$55.67M
Circ Supply
127.48M

Source: LUNAUSD Chart by TradingView

LUNA Market Stats
  • Price $1.66722
  • 1H Change +0.08%
  • 24H Change -2.27%
  • 7 Day Change +5.5%
  • 30 Day Change -30.23%
  • All-Time High $7.03576
  • % From ATH -76.29%
  • ATH Date Sep 10, 2022
LUNA Explorer

Terra Background

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
Blockchain

Terra News

Terra Organization & Team

Terra is a price-stable cryptocurrency designed for mass adoption. Learn More

Daniel Shin
Daniel Shin

Co-founder

Nicholas Platias
Nicholas Platias

Head of Research

Don Kim
Don Kim

Head of Business

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