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How to Stake Terra
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Terra (LUNA) is not tradable on Coinbase.
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Terra Price (LUNA)
Market stats
Terra is on the decline this week. ↘
The price of Terra has increased by 0.17% in the last hour and decreased by 1.11% in the past 24 hours. Terra’s price has also fallen by 18.10% in the past week. The current price is $0.000108 per LUNA with a 24-hour trading volume of $45.06M. Currently, Terra is valued at 100.00% below its all time high of $119.18. This all-time high was the highest price paid for Terra since its launch.
The current circulating supply of Terra is 5,512,641,011,758.112 LUNA which means that Terra has as total market cap of 5,512,641,011,758.112.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$597.9M
Volume (24h)
$45.1M
Circulating
5.5T LUNA
All time high
$119.18
Price change
1 hour
↗ 0.17%
1 day
↘ 1.11%
1 week
↘ 18.1%
2 weeks
↘ 32.92%
1 month
↘ 8.09%
1 year
↘ 35.28%
1 year benchmarks
Performance
↘ 35.24%
Vs. Market
↘ 67.62%
Vs. BTC
↘ 70.16%
Vs. ETH
↘ 54.17%
About Terra
FAQ
Terra Classic (LUNC) is a rebranded iteration of the original Terra blockchain protocol, which was developed to facilitate stable, global payment systems using fiat-pegged stablecoins. The Terra protocol merges the price stability of fiat currencies with the censorship-resistance of Bitcoin, with the intention to provide swift and affordable settlements. The genesis block of the new chain, Terra (LUNA), was launched in May 2022, and the original Terra chain was rebranded as Terra Classic. The original native token, LUNA, was also renamed as LUNA Classic (LUNC). Terra Classic continues to support stablecoins pegged to various currencies, including the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights basket of currencies.
Terra Classic operates using a proof-of-stake consensus algorithm based on Tendermint, where LUNA Classic (LUNC) token holders stake their tokens to validate transactions. The primary function of the LUNC token is to absorb the price deviation of the algorithmic stablecoin, UST. The price of the UST stablecoin was pegged to the US dollar by minting and burning UST tokens to balance the supply and demand of the coin. Terra Classic maintains its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. It encourages LUNC holders to swap LUNC and stablecoins at varying exchange rates, as needed, to either expand or contract the stablecoin supply to match demand.
Terra Classic strives to provide a platform for stable, global payment systems. Its use of fiat-pegged stablecoins aims to merge the advantages of cryptocurrencies, such as borderless transactions, with the day-to-day price stability of fiat currencies. Terra Classic has established partnerships with various payment platforms, particularly in the Asia-Pacific region, to facilitate purchases made on e-commerce platforms via the Terra blockchain network. Each transaction is subject to a fee charged to the merchant, compensating LUNC stakers for their role in transaction validation.
Terra was conceived in January 2018 by Daniel Shin and Do Kwon, with development beginning the same year. The mainnet officially launched in April 2019. In May 2022, the genesis block of the new chain, Terra (LUNA), was launched, and the original Terra chain was rebranded as Terra Classic. The rebranding was part of a recovery plan following the collapse of UST in the spring of 2022, which was likened to the Ethereum/DAO hack of 2017. The existing chain and token were rebranded as Terra Classic, and new LUNA tokens were distributed to existing holders of LUNA and UST. As of August 2022, the total supply of Terra Classic (LUNC) is 6.9T, with 6.5T LUNC in circulation.
We update our Terra to USD currency in real-time. Get the live price of Terra on Coinbase.
The current market cap of Terra is $597.90M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Terra is $119.18. This all-time high is highest price paid for Terra since it was launched.
Over the last 24 hours, the trading volume of Terra is $45.06M.
Assets that have a similar market cap to Terra include WEMIX, Manta Network, Gala V1, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Terra is 5.5 trillion.
Terra Price History
Date | Price | Change |
|---|---|---|
Today (December 22, 2024) | $0.000108 | -0.34% |
24 hours ago (December 21, 2024) | $0.000108 | -1.11% |
1 week ago (December 15, 2024) | $0.000131 | -18.10% |
1 month ago (November 22, 2024) | $0.000117 | -8.09% |
1 year ago | $0.000166 | -35.28% |
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Terra Calculator
How much is 1 LUNA?
Conversion Table
1 Terra (LUNA) to Canadian Dollar (CAD)
CA$0.000155
1 Terra (LUNA) to Real (BRL)
R$0.000657
1 Terra (LUNA) to Euro (EUR)
€0.000103
1 Terra (LUNA) to Singapore Dollar (SGD)
S$0.000147
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