1D
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Luna (LUNA)

LUNA Price
$8.0015
-3.73%
Market Cap
$3.24B
-3.99%
Volume
$286.66M
-58.21%
Transp. Vol.
27%-64.13%
Grade
A gradeA grade
Rank
#32

LUNA / Luna Price

(24 hour)
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Luna Daily Performance

Today's Luna price is $8.0015, which is down 4% over the last 24 hours. Luna's market cap is $3.24B. 24 hour LUNA volume is $286.66M. It has a market cap rank of 32 with a circulating supply of 404,770,935 and max supply of 949,639,631. Luna is traded on exchanges. Luna had an all-time high of $8.4896 3 days ago. Over the last day, Luna has had 27% transparent volume and has been trading on 49 active markets with its highest volume trading pairs being .

LUNA Data Highlights
Luna Price (24hr)$8.0015 (-3.73%)
Market Cap$3.24B (-3.99%)
Trading Volume (24hr)$286.66M (-58.21%)
Transparent Vol. (24hr)
$78.28M27% (-64.13%)
Transparency GradeA gradeA grade(Transparent)
Circulating Supply404,770,935 (42.62%)
7D Price Prediction
N/A
1st 1D CandleJun '19
1st TradeJul '19
1st OrderbookJul '19
Exchanges26
Trading Pairs49
Updated2 minutes

Luna Statistics

Price

$8.0015
Price Change
-$0.310110 (-3.73%)

All-Time High

$8.4896
Date of ATH3/5/2021
Days Since ATH2
% of ATH94.25%
Price vs ATH

Market Cap

$3.24B
Mkt Cap Change
-$134.45M-$134,452,069 (-3.99%)
Mkt Cap Rank32
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

404,770,935
Max Supply949,639,631
% in Circulation42.62%
% in Circulation

Volume

$286.66M$286,661,276
Vol. Change
-$399.21M-$399,214,881 (-58.21%)
Exchange VolumeUnknown

Transparent Volume

27%
Transparent Volume (Δ)
-64.13%
Transparent Volume
A - 27%
C - 44%
D - 29%

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 $8.0015. Over the last 24 hours, a Luna is worth -3.73% less. 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 $8.4896 (which is LUNA’s all-time high). It achieved this price 3 days ago. Speculations abound for how high Luna’s price will get in the future.

Today's LUNA / Luna News for March 7, 2021

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