Terra
ATH / ATL
24h Price
24h summary
Over the last 24 hours, Terra moved from $0.042 to $0.041. The session high was $0.0422, the low was $0.0401, and the intraday range was $0.0021 / 5%.
- 24h open
- $0.042
- 24h close
- $0.041
- 24h high
- $0.0422
- 24h low
- $0.0401
- Volatility / range
- $0.0021 / 5%
- Updated
Monthly Returns heatmap
Heatmap summary
Terra posted 27 positive months out of 72. The longest positive streak lasted 7 months, while the longest negative streak lasted 7 months.
- Strongest month
- Feb 2021 +267.2%
- Weakest month
- May 2022 -88.6%
- Longest positive streak
- 7 Jun 2021 — Dec 2021
- Longest negative streak
- 7 Feb 2023 — Aug 2023
- Luckiest calendar month
- Feb • avg 52.2% • 6 mo.
- Unluckiest calendar month
- May • avg -29.9% • 6 mo.
Networks
Supported exchanges
About the coin
Terra (LUNA) is the native staking and governance token of the Terra blockchain. The Terra protocol is a decentralized financial infrastructure that aims to create an open financial system by building a suite of decentralized applications.
The Terra ecosystem is designed to power a global network of decentralized applications, offering a range of financial services. LUNA plays a crucial role within this ecosystem, serving multiple functions that are essential for the network's operation and security.
One of the primary functions of LUNA is its use in staking. By staking LUNA, users can participate in the validation of transactions on the Terra blockchain. This process helps to secure the network and, in return, stakers can earn rewards.
Governance is another key aspect where LUNA holds significance. Holders of LUNA can participate in the governance of the Terra protocol. This means they have the ability to vote on proposals that can shape the future development and direction of the network, including changes to network parameters and protocol upgrades.
The Terra blockchain is built with a focus on scalability and speed. It utilizes a Proof-of-Stake (PoS) consensus mechanism, where LUNA is instrumental in maintaining the network's integrity. Validators, who are chosen based on the amount of LUNA they stake, are responsible for processing transactions and adding new blocks to the blockchain.
LUNA is also involved in the economic stability of the Terra ecosystem. While LUNA itself is not a stablecoin, it plays a role in the minting and burning mechanisms of Terra's stablecoins, such as TerraUSD (UST). The value of LUNA can be influenced by the demand for Terra's stablecoins and the overall health of the Terra ecosystem.
The tokenomics of LUNA are designed to incentivize participation and secure the network. The supply of LUNA can adjust based on network activity and the demand for its associated stablecoins.
The Terra blockchain aims to foster an environment where developers can build and deploy a variety of decentralized applications, ranging from payment systems to lending protocols. LUNA is fundamental to the operation and economic model of these applications.
The native token LUNA is associated with the Terra chain. The contract address for LUNA on the Terra chain is listed as 'uluna'. The token has a standard representation with 18 decimal places, indicating the precision with which it can be divided.
The Terra protocol's architecture is designed to offer a stable and scalable platform for decentralized finance (DeFi). LUNA's role is integrated into this design, supporting its core functionalities.
The development and evolution of the Terra ecosystem are guided by its community, with LUNA holders having a voice in its governance. This decentralized approach is a cornerstone of the Terra network.
In summary, Terra (LUNA) is more than just a cryptocurrency; it is an integral part of a larger decentralized financial ecosystem, underpinning its security, governance, and economic operations.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the LUNAUSDT market feed.
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