LUNA
Terra
LUNA

Terra price

in USD
$0.0923
-- (--)
USD
Market cap
$63.26M
Circulating supply
687.66M / 1.08B
All-time high
$20
24h volume
$75.11M
1.4 / 5
LUNALUNA
USDUSD

About Terra

LUNA is the native cryptocurrency of the Terra blockchain, designed to facilitate stablecoin transactions and decentralized finance (DeFi) applications. Its core technology enables the creation of algorithmic stablecoins, such as TerraUSD (UST), which aim to maintain their peg to fiat currencies like the US dollar. LUNA plays a key role in stabilizing these stablecoins through a dynamic supply mechanism. Users can stake LUNA to secure the network and earn rewards, or use it to participate in governance decisions. While Terra has faced challenges, its ecosystem continues to evolve, offering tools for payments, savings, and DeFi. For new investors, LUNA represents a gateway to exploring blockchain-based financial innovations, though thorough research is always recommended.
AI insights
Layer 1
Official website
Block explorer
CertiK
Last audit: 4 Sept 2020, (UTC+8)

Terra’s price performance

Past year
-74.59%
$0.36
3 months
-46.37%
$0.17
30 days
-39.36%
$0.15
7 days
-34.03%
$0.14

Terra on socials

Steve Burns
Steve Burns
Crypto liquidations soared to $9.4 BILLION in 24 hours yesterday – the LARGEST single-day liquidation event ever. Bigger than LUNA. Bigger than COVID. Bigger than FTX.
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Rujira
Rujira
Finish the phrase. Rujira will make liquidations... 🐳
Coin Bureau
Coin Bureau
🚨BREAKING: Crypto liquidations soar to $9.4 BILLION in 24 hours – the LARGEST single-day event ever. Bigger than LUNA. Bigger than COVID. Bigger than FTX. We just witnessed history.
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日月小楚 ｜Building AI Agents
日月小楚 ｜Building AI Agents
Yesterday, the de-pegging of USDe raised concerns among many people, with the biggest worry being whether USDe would become the second Luna. Let me explain. First, the conclusion: it’s impossible, because the mechanisms are different. 1 USDe and ENA Mechanism Although USDe and UST are both assets synthesized using collateral, the difference is that UST uses its own project token, Luna, for collateral synthesis. During a bullish spiral, this drives the price of Luna up, as users continuously buy Luna to synthesize UST. However, in a bear market, when UST de-pegs, it accelerates the decline of Luna. USDe, on the other hand, does not use ENA for collateral generation. Instead, it uses major stablecoins like BTC and ETH for generation. Most importantly, USDe has learned from the failures of other stablecoin protocols. It performs delta hedging against non-stablecoin assets like BTC and ETH. When it receives $100 worth of ETH to generate USDe, it will short $100 worth of ETH on the exchange for hedging. This way, USDe will not suffer from insufficient collateral value due to a crash in ETH, and will always maintain a value of $1. 2 Sources of Income for USDe USDe has a high annual yield, generally around 5%. Unlike Luna, which relies on token rewards, it provides real returns. There are three sources of income for USDe. 1) The income from short hedging, which is the funding rate earned. Historically, except for the major bear market in 2022, the funding rate income has generally been around 10%. 2) Staking income, such as the staking rewards from ETH and BTC. 3) Income from stablecoins. For example, collaborating with USDC, where the counterpart provides rewards. The core of USDe is delta hedging, which ensures that its value is not affected by the price fluctuations of the collateral assets, while also providing the main source of income for USDe. Of course, delta hedging can be somewhat challenging, so USDe's growth may be slow at first. After more than three years of stable operation, the industry has accepted the team's capabilities, which has led to a period of rapid growth.
Ethena Labs
Ethena Labs
USDe Proof of Reserves are typically provided on a weekly basis by 3rd party independent attestors including leading firms such as Chaos Labs, Chainlink, Llama Risk and Harris & Trotter. On request from the community, we have provided a Proof of Reserves outside of the regular cadence following the market events in the last 24hrs which have been linked below this message. Each of these independent 3rd parties have confirmed USDe remains overcollateralised by approximately ~$66m. Maximum transparency.
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Terra FAQ

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.

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. 

Easily buy LUNA tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX 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 Convert.

Currently, one Terra is worth $0.0923. For answers and insight into Terra's price action, you're in the right place. Explore the latest Terra charts and trade responsibly with OKX.
Cryptocurrencies, such as Terra, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Terra have been created as well.
Check out our Terra price prediction page to forecast future prices and determine your price targets.

Dive deeper into Terra

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.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$63.26M
Circulating supply
687.66M / 1.08B
All-time high
$20
24h volume
$75.11M
1.4 / 5
LUNALUNA
USDUSD
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