Terra
Current price
$0.0419
−5.84%24h
LiveUpdated 26s ago
TodayTerra drops 5.8%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour0.00%
- 24 hours−5.84%
- 7 days−10.47%
- 30 days−7.05%
- 1 year−57.72%
Terra's move in context
Lagging the market today
−5.84% today against −3.26% for the market as a whole, a gap of 2.6 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−10.5% over 7 days and −7.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Terra
Terra Luna 2: A Resilient Blockchain Ecosystem
Terra Luna 2, often referred to simply as Terra 2.0, represents the rebirth of the Terra blockchain following its predecessor's challenges in the cryptocurrency space. Launched by Terraform Labs, Terra Luna 2 aims to revitalize the project's original vision of creating a decentralized financial ecosystem driven by stablecoins and decentralized applications (dApps). This renewed blockchain focuses on resilience, stability, and growth, drawing on lessons from the original Terra network's ambitious goals.
Key Aspects of Terra Luna 2
1. Decentralized Financial (DeFi) Infrastructure
Terra Luna 2 is designed as a comprehensive DeFi platform, supporting various financial applications and stablecoins. Built to facilitate decentralized finance, Terra Luna 2 enables users to engage in services like lending, borrowing, and yield farming without the need for traditional financial intermediaries. The ecosystem offers developers a robust foundation for building DeFi products, which supports the growth of Terra Luna 2 as a hub for innovative financial solutions.
2. Governance and Community-Driven Development
Terra Luna 2 places a strong emphasis on community governance, empowering Luna holders to participate in key decision-making processes. Token holders can propose and vote on upgrades, parameter changes, and other adjustments to the network, ensuring that the platform evolves based on the collective interests of its community. This participatory approach seeks to create a sustainable and community-driven ecosystem that aligns with the values of decentralization.
3. Enhanced Stability Mechanisms
Learning from past experiences, Terra Luna 2 has introduced improved mechanisms to support stability across its financial products. By leveraging algorithmic adjustments, the network aims to provide stability for its assets and reduce the volatility that can occur within the ecosystem. This new model incorporates mechanisms for protecting the network's financial resilience, especially for assets pegged to stablecoins.
4. Developer-Friendly Ecosystem
Terra Luna 2 is built with developers in mind, offering tools and resources to make building dApps and blockchain projects accessible and efficient. The Terra ecosystem includes a suite of APIs, SDKs, and documentation that simplifies the process of creating and deploying decentralized applications. This approach is meant to attract a broader range of developers and foster a thriving ecosystem of dApps on Terra Luna 2.
5. Bridging and Cross-Chain Compatibility
The Terra Luna 2 platform is designed to integrate with other blockchains, allowing for cross-chain compatibility and bridging with other ecosystems. This interoperability enables users to transfer assets seamlessly between Terra Luna 2 and other popular blockchain networks, promoting a more interconnected crypto space. This feature is essential for expanding the reach of Terra-based assets and enabling Terra Luna 2 to participate in the broader decentralized finance landscape.
Future Prospects of Terra Luna 2
Terra market
- Position by market cap among the coins we track.
- #243
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $45.28M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0411High $0.0448
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $18.87
- Now 0% of itReached 28 May 2022 · Needs +44,936% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1.08B LUNA
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1.19B LUNA
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Terra converter
1 Terra = $0.0419
