Current Terra (LUNA) Price Overview
- Current Price: $1.72
- 24h Trading Volume: $2,204,770.56
- Market Cap: $386,515,613 (Rank #83)
- Circulating Supply: 210,000,000 LUNA
Price Change (24h): -1.56%
Key Exchanges:
👉 Gate.io | Binance
Historical Price Performance (USD)
| Timeframe | Change | % Change |
|---|---|---|
| Last 7 Days | -$0.08 | -4.82% |
| Last 30 Days | -$0.31 | -15.38% |
| Last 3 Months | +$0.45 | +35.15% |
Key Market Data
- 24h Low/High: $1.71 / $1.75
- All-Time High: $18.87
- All-Time Low: $1.19
- Launch Date: May 28, 2022
What Is Terra (LUNA)?
Terra is a decentralized blockchain protocol specializing in algorithmic stablecoins and open financial infrastructure. Its native token LUNA stabilizes Terra's ecosystem through:
- Supply adjustments to maintain price stability
- PoS consensus with staking rewards
- Cross-border payments with low fees
Core Features:
- Stablecoin Protocol: Algorithmically managed by LUNA
- Anchor Protocol: High-yield savings solution
- Mirror Protocol: Synthetic asset generation
LUNA Economic Model
- Max Supply: 1 billion (with auto-burn mechanism)
Initial Distribution:
- 400M tokens for VC liquidity
- 200M for reserve stabilization
Founding Team
- Do Kwon (CEO): Former Apple/Microsoft engineer
- Daniel Shin: E-commerce entrepreneur
- Backed by: Pantera Capital, Galaxy Digital, Coinbase Ventures
Future Developments
Terraform Labs raised $150M in Q2 2021 to expand its Tendermint-based blockchain applications.
FAQ: Terra (LUNA) Essentials
Q: How does LUNA maintain price stability?
A: Through algorithmic supply adjustments burning/excess LUNA tokens.
Q: Where can I stake LUNA?
A: Major exchanges like 👉 OKX offer staking with variable APY.
Q: What makes Terra unique?
A: Its hybrid approach combining algorithmic stability with real-world payment utility.
Disclaimer: Cryptocurrency trading involves high risks. This content is for informational purposes only and does not constitute financial advice. Always conduct independent research before investing.