1D
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Luna ($LUNA)

LUNA Price
$8.9375
11.29%
Market Cap
$3.74B
11.32%
Volume
$510.76M
26.98%
Transp. Vol.
47%24.55%
Grade
B gradeB grade
Rank
#36

LUNA / Luna Chart

(24 hour)
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Luna Daily Performance

Today's Luna price is $8.9375, which is up 11% over the last 24 hours. Luna's market cap is $3.74B. 24 hour LUNA volume is $510.76M. It has a market cap rank of 36 with a circulating supply of 417,979,801 and max supply of 995,090,665. Luna is traded on exchanges. Luna had an all-time high of $22.14 4 months ago. Over the last day, Luna has had 47% transparent volume and has been trading on 75 active markets with its highest volume trading pairs being .

LUNA Data Highlights
Luna Price (24hr)$8.9375 (11.29%)
Market Cap$3.74B (11.32%)
Trading Volume (24hr)$510.76M (26.98%)
Transparent Vol. (24hr)
$239.34M47% (24.55%)
Transparency GradeB gradeB grade(Good)
Circulating Supply417,979,801 (42.00%)
7D Price Prediction
N/A
1st 1D CandleJun '19
1st TradeJul '19
1st OrderbookJul '19
Exchanges42
Trading Pairs75
Updated2 minutes

Luna Statistics

Price

$8.9375
Price Change
$0.906893 (11.29%)

All-Time High

$22.14
Date of ATH3/21/2021
Days Since ATH127
% of ATH40.37%
Price vs ATH

Market Cap

$3.74B
Mkt Cap Change
$379.89M$379,885,897 (11.32%)
Mkt Cap Rank36
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

417,979,801
Max Supply995,090,665
% in Circulation42.00%
% in Circulation

Volume

$510.76M$510,762,750
Vol. Change
$108.53M$108,525,584 (26.98%)
Exchange VolumeUnknown

Transparent Volume

47%
Transparent Volume (Δ)
24.55%
Transparent Volume
A - 47%
C - 50%
D - 3%

About Luna

Luna (LUNA) is a secondary token that powers the Terra blockchain. Terra aims to be the go-to decentralized stablecoin used throughout the globe for everyday purchases.

The Terra project utilizes a two token system: Terra and Luna. Terra is a decentralized stablecoin pegged to a number of the world's major fiat currencies including the USD, KRW, CNY, GBP, and most importantly, the International Monetary Fund’s Special Drawing Rights (IMF SDR). The IMF SDR is an international reserve asset based on the value of five currencies — the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. The Terra token is the unit of account for the Terra protocol.

Luna serves as collateral for the stablecoin, Terra, and provides security and stability to the network. Terra’s mainnet (which launched in April 2019) is built on Tendermint’s proof of stake (PoS) consensus mechanism. There are one hundred validators who have staked Luna tokens for the chance of securing and processing transactions for the Terra blockchain. The probability of becoming the next block producer is dependent on the size of the validator’s Luna stake. Validators are incentivized and compensated through transaction fees and seigniorage (the profit from minting currency). With all transactions on the Terra network, a small fee is paid to validators. Fees default to 0.1% and are capped at 1%.

In addition to staking, Luna is also used to stabilize the price of Terra. When the price of Terra rises above the target price (e.g., 1 SDR), the protocol must expand its supply, and when its price falls below the target price, the protocol must contract its supply. Contracting and expanding Terra’s supply means buying or selling Terra at its target price. In essence, the protocol uses Luna as a market maker for Terra. To buy 1 Terra, the protocol mints and sells Luna worth 1 SDR. By selling 1 Terra, the protocol earns Luna worth 1 SDR. As long as the protocol can maintain both sides of this contract, the price of Terra should remain stable at 1 SDR.

At the time of writing, the team behind the project is Terraform Labs, a Seoul-based company co-founded by Daniel Shin and Do Kwon. Before Terra, Shin founded multiple companies including TicketMonster, Fast Five, and FoodFly. Kwon was a startup founder (Anyfi) and has experience as a software engineer at Microsoft and Apple.

Terra has developed partnerships with over 15 platforms throughout Asia, including industry giants such as TicketMonster (eCommerce, South Korea), Woowa Brothers (food delivery, South Korea), Tiki (eCommerce, Vietnam), and Carousell (eCommerce, Singapore). Those partners, who together form the Terra Alliance, are interested in incorporating the Terra stablecoin into their businesses. In total, this alliance has over 45 million users and handles $25 billion in annual transaction volume.

In August 2018, four of the largest crypto exchanges - Binance Labs, OKEx, Huobi Capital, and Dunamu (which owns Upbit) - led a $32 million investment in Terra. Other investors included Polychain Capital, China’s FBG Capital, Hashed, 1kx, and Kenetic Capital among others. Instead of equity, the deal is a token-based investment round.

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Luna Markets

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Luna Historical Data

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Frequently Asked Questions

  • What’s the current Luna price? How much is 1 Luna worth?

    The price of 1 Luna is $8.9375. Over the last 24 hours, a Luna is worth 11.29% more. Go here to convert LUNA prices to currencies other than USD.
  • When did Luna start?

    The earliest trading data for Luna is on June of 2019 (based on current exchange data).
  • How high can the Luna price go?

    Luna’s price has gone as high as $22.14 (which is LUNA’s all-time high). It achieved this price 4 months ago. Speculations abound for how high Luna’s price will get in the future.

Today's LUNA / Luna News for July 26, 2021

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