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Terra Price

(LUNA)

$0.0462
0.00%(5m)

1m5m15m1h8h1d1W
Terra (LUNA) Live Price Chart

    Terra Live Price Data

    The live price of Terra is 0.0462, with a total trading volume of -- in the last 24 hours. The price of Terra changed by +0.43% in the past day, and its value has decreased by -5.32% over the last week. With a circulating supply of 709,984,438 LUNA, the market cap of Terra is currently 0 , marking a +0.43% increase today. Terra currently ranks #541 in market cap.

    How do you feel about LUNA today?

    Note: This data is for reference only.
    pk

    LUNA(LUNA) Profile

    altRank541
    rateC
    Expand
    $0.0456
    $0.0486

    ATH
    $19.5433335
    Price Change (1h)
    -0.21%
    Price Change (24h)
    +0.43%
    Price Change (7d)
    -5.32%
    Market Cap
    24h Volume
    Circulating Supply
    709,984,438
    Max Supply
    --

    About Terra

    • What Is Terra (LUNA) Crypto?

      Terra is a decentralized, open-source, and public blockchain protocol that harnesses a Proof-of-Stake consensus mechanism to empower decentralized applications (dApps), particularly within the realm of decentralized finance (DeFi). LUNA stands as the native digital asset of the Terra blockchain, functioning as both the governance token and utility token within the ecosystem.

      The original Terra 1.0 ecosystem experienced a tumultuous event when it was subjected to an attack that resulted in the de-pegging of the TerraUSD (UST) stablecoin, leading to a severe crash in the price of the original Terra (LUNA) token. This unfortunate development caused losses exceeding $40 billion in the cryptocurrency market, prompting co-founder Do Kwon to formulate a revival plan.

      LUNA 2.0 was introduced following the approval of governance proposal 1623 by the Terra community. This marked the genesis of a brand-new blockchain, distinct from Terra 1.0, now called Terra Classic (LUNC).

      Terra 2.0, with LUNA (or LUNA 2.0) as its native token, officially commenced its operations on May 27, 2022. The mainnet launch took place on May 28, 2022, with the creation of the first block, Phoenix-1, occurring at approximately 06:00 UTC.

      Terra 2.0 is not a hard fork of the original Terra blockchain but rather a novel blockchain protocol. It deviates from Terra 1.0 by discontinuing support for stablecoins, a feature prominent in its predecessor. The Terra Ecosystem Revival Plan, spearheaded by Do Kwon, outlines Terra's future role in supporting leading dApp projects from the original blockchain while eventually replacing the Terra 1.0 network.

      Projects and assets operating on the original Terra blockchain will not transition automatically to the new blockchain. Instead, they are required to initiate their migration. Several leading dApps, such as Astroport, Prism, RandomEarth, OnePlanet, and Stader, have expressed their commitment to migrating to Terra 2.0.

    • How Does Terra (LUNA) Work?

      The LUNA cryptocurrency plays several crucial roles within the Terra ecosystem:

      Stake LUNA on Terra

      You can stake LUNA to become Terra validators. Validators are responsible for verifying and recording transactions on the Terra blockchain. In return for their efforts, they earn rewards through LUNA tokens. This process helps secure the network and maintain its integrity.

      Utility Token

      LUNA is the currency used to pay transaction fees when users send payments on the Terra blockchain. A portion of these fees is allocated as rewards to validator nodes, incentivizing them to continue validating transactions and adding them to new blocks.

      Governance Token

      LUNA holders possess the right to participate in the governance of the Terra network. They can vote on proposals for upgrading the ecosystem and democratizing its future development. This empowers the community to shape the evolution of the Terra blockchain.

      Trade or HODL LUNA Coin

      Terra (LUNA) is an appealing digital asset for investment and trading. You can buy LUNA 2.0 on the KuCoin Spot Market, trade it against other cryptocurrencies and stablecoins, or hold it as a long-term investment if you believe in its potential. Always stay updated on the latest Terra (LUNA) price, market capitalization, 24-hour trading volume, and Terra-related news to make informed trading decisions.

    • What Happened to the Original Terra (LUNA) 1.0?

      Following the mainnet launch of Terra 2.0, significant changes have occurred in the original Terra blockchain and its native token, LUNA:

      Terra Classic Blockchain

      The original Terra blockchain, which Terra 2.0 forked from, has been rebranded as Terra Classic. This rebranding distinguishes it from the newer Terra network.

      LUNA 1.0 Became LUNA Classic (LUNC)

      The native token of the original Terra, LUNA, has undergone a name change and is now known as Terra LUNA Classic (LUNC).

      Coexistence with Terra Blockchain

      Terra Classic continues to operate alongside the new Terra network. It retains market swap features, allowing users to mint and burn LUNC tokens as needed.

      Cosmos and Tendermint Technology

      Terra Classic uses the Cosmos SDK and leverages the Tendermint consensus protocol. This technology stack enhances its capabilities and security.

      Support for Terra Classic Stablecoins

      While Terra Classic maintains its functionality, the stablecoins previously associated with the blockchain, such as UST, KRT, and EUT, have been rebranded as Terra Classic stablecoins. These include TerraClassicUSD (USTC), TerraClassicKRW (KRTC), and TerraClassicEUR (EUTC), among others.

      Trade LUNC on KuCoin

      Terra LUNA Classic's native token, LUNC, is now available for trading as a separate digital asset on various leading cryptocurrency exchanges worldwide. KuCoin is one such platform that facilitates trading for both Terra (LUNA) and Terra LUNA Classic (LUNC).

    FAQ

    • How much is 1 Terra (LUNA) worth?

    • What Is the Difference Between Terra and Terra Classic Blockchains?

    • Is Terra (LUNA) a Good Investment?

    • What Is LUNA 2.0 Price Prediction?

    • How to Stake LUNA on Terra Network

    • What is the all-time high price of Terra (LUNA)?

    • What is the all-time low price of Terra (LUNA)?

    • How much Terra (LUNA) is there in circulation?

    • How do I store Terra (LUNA)?