LUNA

Terra price

LUNA
|
2.2/5
TokenInsight
2.2
12/05/2022
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USD
USD
$0.58610
-1.29%
1h
24h
1W
1M
1Y
All

Terra price live data

The current price of Terra is $0.58610. Since 00:00 UTC, Terra has decreased by -1.28%. It currently has a circulating supply of 687,660,230 LUNA and a maximum supply of 1,078,518,456 LUNA, giving it a fully diluted market cap of $402.28M. At present, Terra holds the 107 position in market cap rankings. The Terra/USD price is updated in real-time.

Terra price performance in USD

Time periodChange amount%Chg
Today-$0.00760 -1.29%
7 days-$0.01410 -2.35%
30 days-$0.02370 -3.89%
3 months-$0.12830 -17.96%

Terra market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.57930
Last price $0.58610
24h high$0.60570
Heat index ranking
72
Market cap ranking
107
Market cap
$402.28M
Favorited rate
Percentage of users who favorited this asset to all users
12.94%
All-time high
$20.0000
-97.07% (-$19.4139)
May 28, 2022 (2 years ago)
All-time low
$0.35370
+65.70% ($0.23240)
Aug 18, 2023 (9 months ago)
ICO date
05/28/2022
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
687,660,230 LUNA
Market cap at circulating supply
Market cap = Circulating supply × Last price
$630.93M

About Terra (LUNA)

Following its inception, the Terra 2.0 ecosystem has launched 44 distinct projects encompassing various sectors, such as finance, non-fungible tokens (NFTs), and gaming.

Terra is an open-source blockchain platform fostering an extensive ecosystem comprising decentralized applications (dApps) and developer tools. Leveraging the underlying Cosmos (ATOM) blockchain framework, Terra has achieved remarkable speed, positioning itself as one of the swiftest blockchains available, capable of processing up to 10,000 transactions per second (TPS).

The Terra team

Daniel Shin and Do Kwon launched the original Terra project in January 2018. As a result of the 2022 collapse, Do Kwon issued a revival plan that led to the creation of Terra 2.0 and Terra Classic blockchains. Now, Terra is a community-owned blockchain where decisions are reached via decentralized voting.

How does Terra work

Following the blockchain fork in May 2022, Terra embarked on a new journey known as Genesis, where the network was built from scratch. Terra’s primary objective is to construct a permissionless and borderless digital economy that can support the next wave of innovative financial products. Leveraging frameworks from the Cosmos blockchain, Terra has achieved a remarkable level of throughput, enabling high transaction processing capacity.

Terra maintains compatibility with the Cosmos ecosystem by retaining the Cosmos SDK (software development kit), empowering developers to create high-performance dApps on the Terra chain. To optimize and enhance the core functionality of the network, Terra employs a unique set of codes referred to as Mantlemint.

These codes enable Terra to deliver a fast and optimized experience, efficiently serving a substantial number of user queries. As outlined in the Terra white paper, a Mantlemint node is capable of performing three to four times more queries than a standard Secret Node.

In terms of consensus mechanism, Terra utilizes a distinctive approach called Tendermint, which relies on a proprietary Byzantine Fault Tolerant (BFT) Proof of Stake (PoS) infrastructure. This consensus mechanism leverages partially synchronous communication to ensure agreement among network participants, facilitating secure and efficient consensus within the Terra ecosystem.

The native token of the Terra 2.0 Ecosystem: LUNA

LUNA is the native token of the new Terra or Terra 2.0 blockchain. It is used for decentralized governance of the Terra 2.0 ecosystem. LUNA holders are given the right to vote on decisions that influence the future of the platform, making them stakeholders in Terra's ecosystem.

LUNA FAQ

What is the difference between Terra (LUNA) and Terra Classic (LUNC)?

Terra (LUNA) and Terra Classic (LUNC) are two independent blockchains resulting from the collapse of the Terra ecosystem in 2022. Terra is the new fork, while TerraClassic is the original blockchain.

What is Terra vesting?

Terra vesting refers to a mechanism implemented to control the trading of LUNA tokens received through airdrops until a specified date. The vesting period is in place to prevent users’ who were airdropped the Terra 2.0 token from dumping the tokens on the open market. 

Where can I buy LUNA?

Easily buy LUNA tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include LUNA/USDT and LUNA/USDC.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for LUNA with zero fees and no price slippage by using OKX TR Convert.