What is Terra Luna cryptocurrency?

The Terra Luna blockchain has its own Luna currency, in the form ofLUNA, as well as the Luna currencies within its ecosystem, the Terra stablecoins. LUNA token: LUNA is the native staking token for the network, as well as being the foundational asset for the entire ecosystem. It has two main functions.

What happened to Luna crypto?

There are two stories regarding Luna crypto: the TerraUSD/UST stablecoin and the actual Luna coin. Once Luna and UST crashed, there was a total liquidity crunch in the cryptocurrency space that caused an even more catastrophic loss of value. The crypto community still hasn’t recovered.

How much is Terra Luna (Luna) worth?

The Terra Luna price, or LUNA token price at the time of writing, is$102.47, with a circulating supply of 354.7 million LUNA for a market cap of $36.3 billion. What Is Terra Luna? Terra Luna is a blockchain built around a family of stablecoins to enable easy crypto transactions on a global scale.

What is Luna coin?

Luna coin, or LUNA, was created by Terraform Labs, a cryptocurrency developer founded in 2018 by South Korean entrepreneurs Do Kwon and Daniel Shin. LUNA operates on a blockchain platform called Terra, also created by Terraform. What makes Terraform special? This year, the concept of decentralized finance—or DeFi—exploded on the scene.