Terra Logo

Terra LUNA

Terra header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$65.10 +1.7%
Market Cap
$25.17B (#9)
Supply
388.31M / 864.67M
Price
52W High price $65.42
52W High date 2nd Dec 2021 (6 hours ago)
All Time High (ATH) Date 2nd Dec 2021 (7 hours ago)
ATH Price $66.00
% From ATH -2%
All Time Low (ATL) Date 18th Mar 2020 (1 year ago)
% From ATL 53056%
Supply & Trading Volume
Volume (24h) 2.36B
Total Supply 864.67M
Max Supply 1.00B
Circulating Supply 388.31M
Description

Terra is a decentralized financial payment network that replaces the traditional payment stack on blockchain. It makes use of a basket of fiat-pegged stablecoins, which are algorithmically stabilized by Luna, to enable programmable transactions and foster financial infrastructure development. The network has processed an estimated $299 billion in p...

Terra is a decentralized financial payment network that replaces the traditional payment stack on blockchain. It makes use of a basket of fiat-pegged stablecoins, which are algorithmically stabilized by Luna, to enable programmable transactions and foster financial infrastructure development. The network has processed an estimated $299 billion in payments for over 2 million clients as of December 2020.

The reserve currency on the Terra platform is Luna. It has three basic roles: i) to mine Terra transactions through staking, ii) to guarantee price stability for Terratransactions, and iii) to provide incentives for site blockchain validators.

The Terra protocol is based on a Proof of Stake (PoS) blockchain, in which miners must stake their Luna to mine transactions. When all else is equal, a validator who has staked more Luna has a better chance of creating the next Terra block than another validator who has staked less.

However, holders and stakers of Luna are vulnerable to price risks associated with the asset because of their involvement in network security and validation. This is because the Terra network allows for the straightforward exchange of Terra stablecoins for Luna at a fixed rate to maintain the peg. It will exchange stablecoins for Luna when demand is high and prices are above the peg, and it will do the opposite when demand is low and prices are below the peg. In this manner, validators absorb the network's short-term volatility.

To compensate for this, validators are given rewards in the form of: i) staking rewards, ii) gas fees, iii) taxes, and iv) seigniorage rewards. Staking rewards can be determined by the amount of stake a validator has. The gas fees and taxes are the same, with a small fee being imposed on all Terra transactions. For validators who participate in the Luna oracle exchange rate process, seigniorage rewards are given.

2. Price

$LUNA / USD

2.1. Market Performance

How does Terra's (LUNA) performance compare to assets of a similar market capitalization?

30 Day Return

47.6%

LUNA

32.2%

Similar Market Cap

60 Day Return

57.3%

LUNA

37.9%

Similar Market Cap

1 Year Return

16,615.4%

LUNA

8,608.0%

Similar Market Cap

3. Developer Activity

We're monitoring 76 Terra Github repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in Github's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Terra Repos)

Commits vs. The Market

  • Past 4 weeks: 293 commits vs. an average of 30
  • Past 12 weeks: 987 commits vs. an average of 122
  • Past year: 4,886 commits vs. an average of 863

Most Active Repos

Past week 0
Past 12 weeks 312
Past year 796
Past week 0
Past 12 weeks 0
Past year 389
Past week 2
Past 12 weeks 11
Past year 338
Past week 40
Past 12 weeks 98
Past year 326
Past week 14
Past 12 weeks 31
Past year 282
4. Social Activity
Reddit Subscribers 16,412
Active Reddit Users (past 24h) 191
Telegram Users 26,547
Twitter followers 226,355
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://terra.money
Explorer https://finder.terra.money/
Twitter @terra_money
reddit /r/terraluna
Please use this form to suggest changes to the data.

Stay updated

Get crypto insights and news directly in your inbox each week. 100% free.

We hate spam & care about the protection of your data. Privacy Policy.