The Terra (LUNA) collapse may be almost a month old at this point but its impacts remain fresh in the mind of investors. Millions of users on the decentralized finance (DeFi) network had lost billions of dollars when UST had suddenly lost its peg, triggering a rise in the supply of LUNA, which meant more losses spilling into those who held the native...
Terra ($LUNA) and its algorithmic stablecoin TerraUSD (UST) tanked about two weeks ago. The token experienced a 99.9% drop in price, with its UST stablecoin de-pegging from the US dollar. UST still has not recovered and it's at 5.6 cents instead of $1 where it is supposed to be. In a bid to salvage the situation the Terra ($LUNA) ecosystem has put forward...
If you ask me, Terra Luna continues to be the number #1 ecosystem offering high-yielding DeFi opportunities and at the same time, the price of token Luna has been exploding. In the last 30 days, LUNA pumped 30% to almost $100. What is...
Are Bitcoin and Ethereum enemies? And if so, does that extend to the ‘Ethereum killers’ too? Terra says no and puts their money where their mouths are. Terra is buying more Bitcoin for its reserve. Ethereum is the leader in DeFi despite its issues with network congestion and gas fees. And because of this, there are a couple of strange narratives that float...
Terra Luna's ecosystem continues to grow. Currently, its ecosystem has 74 dapps and its leading stablecoin, UST, has more than $15.3 billion in TVL. Also, a famous stablecoin-investment strategy in DeFi nowadays is to invest in Anchor Protocol which gives you 19.48% APY. However, new DeFi protocols have appeared from Terra LUNA that complements each...
According to CoinGecko, $LUNA, the native token of Terra's blockchain, is in the Top 10 altcoins with the highest marketcap. In the last 12 months, $LUNA has grown 9,100% with a current 24-hour trading volume of $1.6 billion. However, Terra's ecosystem still has plenty of room to grow. Therefore, in this article, you will discover the role...
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