0-1k LUNA

1k-10k LUNA

10k-100k LUNA

100k-1m LUNA

>1m LUNA

Addresses by Holdings

Total active

Zero balance

Daily Active Addresses

Price

Number of Transactions

Transactions

Total Volume

Volume

Terra

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Due to limited liquidity, LUNA sell orders will not be accepted from 10:51 PM - 11:11 PM CT. Please submit your orders outside of this window.

On Thurs. May 25, Terraform Labs announced that the Terra community had approved the creation of a new blockchain, Luna 2.0. The creation of this new chain is a response to unprecedented volatility on the Luna 1.0 chain, which caused the price of the original LUNA and UST to collapse almost to zero. 

As part of the migration, the former asset LUNA will become Luna Classic, or LUNC. A portion of LUNA holders will be eligible to receive an airdrop of the new token (LUNA), per the terms outlined by Terraform Labs.

The new Terra blockchain will utilize the new LUNA, and will not include the UST stablecoin. 

On 9 May, after nearly 18 months of steadily holding its value against the US dollar, the so-called stablecoin TerraUSD (UST) became unpegged. The uncoupling triggered a cascade response that ultimately crashed UST and the Terra (LUNA).

TerraUSD (UST) is a stablecoin, which means it is a cryptocurrency pegged to a fiat currency. In this case, it is designed to be pegged to the US dollar. Stablecoins are intended to allow investors to hold crypto assets with less volatility, and trade a dollar equivalent without needing to cash out their positions. 

UST is considered an algorithmic stablecoin because instead of being backed by assets such as cash or cash equivalents, it is supported by on-chain code that facilitates a change in the supply and demand between UST and LUNA.

LUNA is the cryptocurrency that works in unison with UST in an effort to keep UST in 1:1 parity with the US dollar. One dollar of LUNA can always be converted at a 1:1 ratio to 1 UST. 

For example, if LUNA is trading at $10, then it can be redeemed for 10 UST, and 10 UST can be redeemed for 1 LUNA. If UST rises above its $1 peg to $1.01, then traders can swap 1 USD of LUNA for 1 UST. This trade burns 1 LUNA and mints 1 UST, which can then be sold for 1.01 USD. 

If UST rises to $1.02, then traders can sell for a 2 cent profit, and so on. 


In theory, increasing the supply of UST and lowering the supply of LUNA brings the price of UST back down until it reaches $1. Conversely, if UST drops below the $1 peg, then traders will be incentivized to buy 1 UST for 0.99 USD, which can then be swapped for 1 LUNA. 

This move burns UST and mints LUNA, sending UST higher towards the $1 peg.

UST lost its peg to the dollar starting on May 8th following large withdrawals of UST from Terra’s DeFi protocol Anchor. UST fell quickly, and struggled to regain its peg because the burning of UST and minting of LUNA couldn’t keep up. 

UST descended rapidly as the prolonged de-pegging led to uncertainty and a snowball effect of larger withdrawals. 


A significant share of circulating UST was locked on Anchor, a Terra-based lending and borrowing protocol that paid users 19.5% to stake UST. 

The LFG used up about $2.9 billion of its bitcoin reserves in an unsuccessful attempt to revive UST. 

WSJ 
Decrypt 
Bloomberg

*This content is for educational purposes and is not investment advice.

Terra (CRYPTO: LUNA) has risen nearly 14% in the span of the last 30 days, despite major cryptocurrencies showing lackluster performance in the same period.

Why Is Terra (Luna) So Resistant To Crypto Meltdown That Is Inflicting Misery On Bitcoin, Ethereum Holders?

Recent developments in the Terra ecosystem have given its native stablecoin a hefty boost.

Terra Stablecoin's Market Cap Could Soon Flip DAI as Adoption Continues

Terra's (CRYPTO: LUNA) price has decreased 4.37% over the past 24 hours to $55.69, continuing its downward trend over the past week of -21.0%, moving from $71.92 to its current price.

Cryptocurrency Terra Falls More Than 4% In 24 hours

Bitcoin

Ethereum

Polygon

Also: good news from Washington, not-so-good news from Westminster.

This Week in Coins: Bitcoin and Ethereum Recover, Terra and Polygon Rally

Over the past 24 hours, Terra's (CRYPTO: LUNA) price has fallen 5.39% to $63.59. This continues its negative trend over the past week where it has experienced a 9% loss, moving from $69.66 to its current price.

Cryptocurrency Terra Falls More Than 5% In 24 hours

LUNA, the native token of Terra, is setting price records even as the broader crypto market stumbles. What's its secret?

Why Terra Is Going Lunar

Decentralized finance (DeFi) platform Terra (LUNA) has surpassed its rival blockchains to become the third-largest crypto by total value locked (TVL). Crypto market intelligence firm Delphi Digital says that the Ethereum competitor has now overtaken Solana (SOL) and Avalanche (AVAX) in terms of TVL primarily due to value growth in Bonded Luna (bLuna), which is […] The post Ethereum Challenger Terra Becomes Third-Largest Blockchain by Total Value Locked, Surpassing Solana and Avalanche appeared first on The Daily Hodl.

Ethereum Challenger Terra Becomes Third-Largest Blockchain by Total Value Locked, Surpassing Solana and Avalanche

The fund is the latest cash influx into promising DeFi and Web 3 gaming projects from institutional investors.

Crypto VC Chiron Raises $50M to Invest in Terra Ecosystem as LUNA Stays Hot

A popular crypto analyst believes Ethereum (ETH), Bitcoin (BTC) and one altcoin are about to blast off and leave the recent market-wide slump in the dust. The pseudonymous crypto strategist and trader Kaleo tells his 454,000 Twitter followers that ETH's time to shine has arrived as the “king” of the layer-1 blockchain protocols. The analyst […] The post Top Trader Says Ethereum Looks Exceptionally Bullish, Unveils Targets for Bitcoin and Explosive Altcoin Terra appeared first on The Daily Hodl.

Top Trader Says Ethereum Looks Exceptionally Bullish, Unveils Targets for Bitcoin and Explosive Altcoin Terra

An Ethereum (ETH) rival is making a big splash after printing massive gains this year and cracking the list of the ten largest crypto assets by market cap. Terra (LUNA) is a network of several fiat-pegged stablecoins used for e-commerce payments and decentralized finance (DeFi) services. The network's reserve currency LUNA underpins the price of the […] The post Ethereum Competitor Skyrockets Over 11,956% This Year, Enters Top 10 Crypto Assets by Market Cap appeared first on The Daily Hodl.

Ethereum Competitor Skyrockets Over 11,956% This Year, Enters Top 10 Crypto Assets by Market Cap

The host of the popular crypto channel Coin Bureau says an Ethereum (ETH) rival might pull off a 50% rally soon, and that the worst of Bitcoin's (BTC) correction is probably behind us. In a new video, pseudonymous crypto analyst Guy tells his 1.7 million YouTube subscribers that he's got his eye on open-source blockchain […] The post Ethereum Rival Terra (LUNA) May Be Gearing Up for Explosive Rally, According to Coin Bureau – Here's the New Target appeared first on The Daily Hodl.

Ethereum Rival Terra (LUNA) May Be Gearing Up for Explosive Rally, According to Coin Bureau – Here's the New Target

Terra's (CRYPTO: LUNA) price has decreased 9.83% over the past 24 hours to $63.4. This is contrary to the coins performance over the past week where it has experienced an up-trend of 32.0%, moving from $47.96 to its current price.

Cryptocurrency Terra Falls More Than 9% In 24 hours

Luna gained more than 22% over the last week, defying a wider market rout and replacing dogecoin to become the tenth most-valuable cryptocurrency by market capitalization.

Terra's Luna Becomes Top Ten Cryptocurrency As Market Selloff Sends Bitcoin Down

Algorand

Even as Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) crashed over the last week, these Ethereum (CRYPTO: ETH) rivals struck big gains.

These Ethereum Rivals Struck Big Gains Last Week Even As Bitcoin, Dogecoin Crashed

Cardano

Solana

Bitcoin and cryptocurrency prices have somewhat rebounded after a massive sell-off this week...

$300 Billion Crypto Price Crash: What Next For Bitcoin, Ethereum, BNB, Solana, Cardano, XRP And Terra's Luna

The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by new proposals to further cement […]

Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted

Terra (CRYPTO: LUNA) — a blockchain with smart contract support and its own decentralized finance (DeFi) ecosystem — overtook Dogecoin's (CRYPTO: DOGE) market cap and became the tenth-largest cryptoc

Terra Overtakes Dogecoin's Market Cap And Becomes A Top 10 Crypto After Hitting All-Time High

The native cryptocurrency of Terra, LUNA, has had a stellar week, mounting a 58% hike and hitting a new record high today. 

Ethereum Rival Terra Hits Another All-Time High as It Enters Top 10 Coins

A popular crypto strategist and trader is expecting Bitcoin (BTC), Ethereum (ETH) and one altcoin to shake off the recent market-wide dip and launch to epic heights. The pseudonymous crypto analyst Kaleo tells his 449,800 Twitter followers that BTC's price action in recent months mirrors 2020, where an accumulation phase was followed by “rapid price […] The post Top Trader Says Bitcoin, Ethereum and One More Altcoin Ready To Go Parabolic As Crypto Markets Bounce Back appeared first on The Daily Hodl.

Top Trader Says Bitcoin, Ethereum and One More Altcoin Ready To Go Parabolic As Crypto Markets Bounce Back

Shiba Inu

A popular crypto strategist and trader is plotting what could be ahead for Cardano (ADA), Shiba Inu (SHIB), Terra (LUNA) and two other altcoins. Pseudonymous cryoto analyst Altcoin Sherpa tells his 154,100 Twitter followers that he is short-term bullish on ADA after the smart contract platform managed to stay above support at $1.48. “ADA: Not […] The post Here's What's Next for Cardano, Shiba Inu, Terra and Two More Altcoins, According to Crypto Analyst appeared first on The Daily Hodl.

Here's What's Next for Cardano, Shiba Inu, Terra and Two More Altcoins, According to Crypto Analyst

Avalanche

The world's largest digital asset manager just announced the launch of a single-asset investment product exposing its holders to Solana (SOL) – and support for more Ethereum competitors may be imminent. In a press release, Grayscale announces the new Solana Trust, which will join its other 13 single-asset crypto investment products. “The Trust is solely […] The post Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana appeared first on The Daily Hodl.

Crypto Giant Grayscale Exploring Two Ethereum Rivals After Launching Support for Solana

Three layer 1 altcoins are surging as crypto markets bounce back and Bitcoin attempts to reclaim the $60,000 mark. While BTC price action continues to be relatively uneventful, Binance Coin (BNB), the utility token of top crypto exchange Binance, has started to pick up the pace. Over the past week, BNB rallied from $555 to […] The post Three Ethereum Competitors Explode As Layer 1 Altcoins Outperform Bitcoin and Overall Crypto Markets appeared first on The Daily Hodl.

Three Ethereum Competitors Explode As Layer 1 Altcoins Outperform Bitcoin and Overall Crypto Markets

Terra's (CRYPTO: LUNA) price has increased 21.04% over the past 24 hours to $58.05. Over the past week, LUNA has experienced an uptick of over 35.0%, moving from $42.22 to its current price.

Cryptocurrency Terra Rises More Than 21% In 24 hours

Terra's (CRYPTO: LUNA) price has increased 10.33% over the past 24 hours to $52.7. Over the past week, LUNA has experienced an uptick of over 29.0%, moving from $40.6 to its current price.

Cryptocurrency Terra Rises More Than 10% In 24 hours

Polkadot

Real Vision founder and chief executive Raoul Pal is updating his followers on his favorite altcoins outside of Ethereum (ETH). Pal, a vocal Ethereum bull, tells his 795,200 Twitter followers that ETH competitor and smart contract platform Solana (SOL) is one of his favorite altcoins. Solana's native token SOL, the fifth-ranked crypto asset by market […] The post Raoul Pal Details Four Favorite Altcoins After Bitcoin and Ethereum, Outlines ‘Most Important' Chart in Crypto appeared first on The Daily Hodl.

News for Terra Crypto (LUNA)