Terra (LUNA)

Terra (LUNA)

Rank #116

$2.06

14.77%

0.000099 BTC

LUNA
USD

MARKET CAP

$263.193M

ALL TIME HIGH

$19.54

VOLUME 24H

$420.701M

CIRC. SUPPLY

127.475M

VOL/MCAP

160.00%

TOTAL SUPPLY

1.004B

DILUTED MCAP

$0

MAX SUPPLY

--

1H USD

0%

24H USD

14.77%

7D USD

56.7%

30D USD

37.01%

60D USD

23.27%

90D USD

0%

Terra Price Chart

24h Change

14.77 %

Terra - LUNA Profiles

What is Terra?

Terra is one of the most active blockchains inside the Cosmos universe, using the CosmWasm technology. It was founded by Terraform Labs, a Korean company led by Daniel Shin and Do Kwon - one of the most influential figures in crypto as stated by CoinDesk.

Terra was initially known as the blockchain with notable payment apps such as CHAI, MemePay. However, after having its smart contract in  November 2020, Terra started to develop its own DeFi ecosystem. And now, Terra has thousands of projects and has been growing at a fascinating pace. 

How does Terra work? 

This part will explain in detail how LUNA can effectively capture value from the growth of the Terra ecosystem through the pegging mechanism with the Terra stablecoin - UST. 

Firstly, we must understand how UST can remain its peg through LUNA. 

The price of UST is determined by 2 factors: users’ demand and the supply of UST. While users’ demand is hard to control, Terra can control the supply of UST. And it achieves this by a mechanism for people to swap between 1 UST for $1 worth of LUNA. 

  • When the price of 1 UST is below $1 ⇒ Users swap 1 UST (<$1) for $1 in LUNA to earn profits ⇒ UST supply decreases ⇒ Price of UST increases to $1. 
  • When the price of 1 UST is over $1 ⇒  Users swap  $1 LUNA for 1 UST (>$1) to earn profits ⇒ UST supply increases ⇒ Price of UST decreases to $1.

Read More: CLICK HERE

People

We found 4 people related to luna-terra-luna-v2, include Head of Infrastructure at Terraform Labs Paul Kim

Organizations

We found 10 organizations related to Terra has Terraform Labs, Polychain Capital, Hashed, Kakao, Logos Capital, Coinbase Ventures, Terra, Pantera Capital, Binance Labs, Three Arrows Capital

Terra Price Live Data

LUNA Price

$2.06

Trading Volume

$420.70 M

All Time High

$19.54

1hour Change

-1.72%

24hours Change

14.77%

24hours Range

14.77%

24hours Low

$0.00

24hours High

$0.00

Liquidity ±2%

$0.00

Bids -2%

$0.00

Asks +2%

$0.00

Market Cap

$263.19 M

Fully Diluted Market Cap

0.00

Circulating Supply

127.48 M

Total Supply

1.00 B

Max Supply

0.00

Terra Markets

See All Market
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