What are Luna and terrausd (Ust)?

The Terra network’s native tokens, LUNA and TerraUSD (UST), are two blockchain-based projects developed by Terra Labs in South Korea. The Terra blockchain is based on the Cosmos SDK. This platform allows developers to construct unique blockchains and decentralized apps on top of Terra for various use cases.

What is Luna (Luna)?

LUNA was a key piece to this system and was described as a staking or protocol token. The blockchain had implemented a dual token system between the stablecoin TerraUSD (UST) and LUNA to achieve this aim. USTs were minted by burning LUNA and could also be swapped for LUNA.

How much has terra (Luna) gained in the past 90 days?

The LUNA token gained over 20% in 24 hours and is now up about 50% in the past 90 days. Plus, Terra just reached a new all-time high at a point when many cryptocurrencies are down around 40% or more. It peaked at over $104.58, just slightly more than its previous top of $103.33, according to data from CoinMarketCap.

What happened to Terra's Luna?

Terra's LUNA reached a new all-time high today. Terra has been one of the few cryptos to gain in value during 2020's crypto slump. Terra is a whole decentralized finance ecosystem powered by stablecoins. Terra now has almost $1.5 billion in reserve to support UST, its U.S. dollar–pegged token.