Terra (LUNA) News

Terra is an open-source blockchain payment platform that accommodates algorithmic stablecoins, the largest one being TerraUSD (UST). It uses a Proof-of-Stake (PoS) consensus algorithm, and its native token LUNA is “used in the issuance of stablecoins (TerraSDRs), as a price stability mechanism, as well as for staking and network governance.”

LUNA is used for governance and staking in the Terra network. Users can stake Luna to become validators on the network and help verify transactions, earning rewards for their work.

New stablecoins can be minted by burning LUNA tokens, and stablecoins can be burned to mint LUNA. The protocol uses an algorithmic market module to maintain stablecoins’ stability.

$LUNA: CNBC Tells Investors About the Risks of Investing in Terra’s Native Token

Recently, CNBC’s “Make It” looked at the risks of investing in $LUNA, the “hot” token that the “cool kids” love to invest in. $LUNA is the native token of algorithmic stablecoin platform Terra. According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that $LUNA is “used in the issuance of stablecoins […]

Terra ($LUNA) Is a ‘Promising’ Coin With ‘Plenty of Room to Grow’, Says Pantera Capital CEO

Pantera Capital CEO Dan Morehead has said Terra ($LUNA) is a “promising” cryptocurrency project with “plenty of room to grow,” even after its price exploded 13,700% year-to-date and its market cap surpassed $31 billion. During an interview on CNBC’s “Crypto Night in America,” Morehead noted Terra is growing at a “very, very rapid rate” and […]

Terra’s DeFi Ecosystem Surpasses $20 Billion in TVL as $LUNA Hits New Highs

The total value locked in decentralized applications built on top of the Terra ecosystem has now surpassed the $20 billion, making it the second-largest decentralized finance ecosystem behind only Ethereum, which has over $159 billion in total value locked. According to data from DeFiLlama, the total value locked on Terra moved up 55% over the […]

Terra ($LUNA) up Over 10,000% Year-to-Date as Demand for Algorithmic Stablecoin Grows

The price of Terra’s native token $LUNA is up over 10,000% year-to-date thanks to growing demand for its algorithmically backed stablecoin, USDT, and for token burns that have seen a significant portion of LUNA’s supply get removed from circulation. According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that […]

Trading App With Over 1 Million Users Expands Crypto Offering With $SOL, $MATIC, $LUNA, and Others

Public, a popular trading app competing with Robinhood (NASDAQ: HOOD) that has already amassed over one million users, has expanded its cryptocurrency offering with the addition of numerous new cryptocurrencies. According to Business Insider, the company now offers 21 cryptocurrencies via its commission-free trading platform, as it has recently listed Solana ($SOL), Terra ($LUNA), Chainlink […]

Terra Surges 281% in 1 Month, Analyst Says ‘$LUNA Carrying the Team Right Now’

On Tuesday (August 24), as the price of $LUNA, the native token of algorithmic stablecoin platform Terra, surged to a new all-time high of $34.2434, one popular crypto analyst said that $LUNA is “carrying the team right now.” According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that $LUNA is “used […]

Wormhole Goes Live, Providing Bridge Between Solana, Ethereum, Binance Smart Chain, and Terra

The mainnet for cross-chain interoperability protocol Wormhole has launched with support for Solana, Ethereum, Binance Smart Chain, and Terra. Furthermore, it promises to support other major blockchains in the near future. In a blog post published on August 9, the team said that Wormhole is “a cross-chain messaging protocol, secured by a network of Guardian […]

Crypto Analyst on Terra ($LUNA): I Can See Price Hitting $100 by Year End

Recently, crypto influencer “Coin Bureau” (“@coinbureau” on Twitter) explained why he is so bullish on $LUNA — the native token of algorithmic stablecoin platform Terra — and gave his year-end price target for $LUNA. According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that $LUNA is “used in the issuance of […]

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