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Terra (LUNA)LUNA
$62.50
10.14%
Terra (LUNA)
LUNA Price
$62.50
10.14%
Rank
#14
Market Cap (24H)
$24.34B
9.79%
Volume (24H)
$3.17B
4.76%
Circulating Supply
389,419,883
Transp. Vol.
54%
Grade
B gradeB grade
1H1D1W1M1Y
+0.29%+10.14%+43.14%+39.52%+12,348.69%
Blockchain
Websitehttps://terra.money
CommunityTwitterTelegramDiscordGithub
Terra (LUNA) is a secondary token that powers the Terra blockchain. Terra aims to be the go-to decentralized stablecoin...Read more
Terra logo
LUNA
United States Dollar logo
USD

Terra Price (LUNA)

LUNA Daily Performance

Today's Terra price is $62.50, which is up 10% over the last 24 hours. Terra's market cap is $24.34B. 24 hour LUNA volume is $3.17B. It has a market cap rank of 14 with a circulating supply of 389,419,883 and max supply of 865,823,277. Terra is traded on exchanges. Terra had an all-time high of $65.00 1 day ago. Over the last day, Terra has had 54% transparent volume and has been trading on 108 active markets with its highest volume trading pairs being .

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Terra Statistics

Summary
Terra Price (24hr)$62.50 (10.14%)
Market Cap$24.34B (9.79%)
Trading Volume (24hr)$3.17B (4.76%)
Transparent Vol. (24hr)
$1.70B54% (1.88%)
Transparency GradeB gradeB grade(Good)
Circulating Supply389,419,883 (44.98%)
7D Price Prediction
N/A
API Coverage
1st 1D CandleJun '19
1st TradeJul '19
1st OrderbookJul '19
Exchanges57
Trading Pairs108
Updated2 minutes

Price

$62.50
Price Change
$5.7545 (10.14%)

All-Time High

$65.00
Date of ATH12/1/2021
Days Since ATH1
% of ATH96.15%
Price vs ATH

Market Cap

$24.34B
Mkt Cap Change
$2.17B$2,170,467,487 (9.79%)
Mkt Cap Rank14
Mkt Dominance1%
Mkt Dominance

Circulating Supply

389,419,883
Max Supply865,823,277
% in Circulation44.98%
% in Circulation

Volume

$3.17B$3,165,032,034
Vol. Change
$143.73M$143,729,830 (4.76%)
Exchange VolumeUnknown

Transparent Volume

54%
Transparent Volume (Δ)
1.88%
Transparent Volume
A - 54%
B - <1%
C - 43%
D - 3%

About Terra

Terra (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.

Read More

Terra Markets

(Top 10)
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Terra Historical Data

(Past 7 Days)
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Frequently Asked Questions

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

    The price of 1 Terra is $62.50. Over the last 24 hours, a Terra is worth 10.14% more. Visit our currency converter page to convert LUNA prices to currencies other than USD.
  • When did Terra start?

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

    Terra’s price has gone as high as $65.00 (which is LUNA’s all-time high). It achieved this price 1 day ago. Speculations abound for how high Terra’s price will get in the future.

Today's LUNA / Terra News for December 2, 2021

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