Terra (LUNA) Price Index

$0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: $0.91
High 24H: $1.00
Low 24H: $0.79
Last Price: $0.81
Total: LUNA 687.66 M
Mkt. Cap: $561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: $222.55 K
€0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: €0.91
High 24H: €1.00
Low 24H: €0.79
Last Price: €0.81
Total: LUNA 687.66 M
Mkt. Cap: €561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: €222.55 K
£0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: £0.91
High 24H: £1.00
Low 24H: £0.79
Last Price: £0.81
Total: LUNA 687.66 M
Mkt. Cap: £561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: £222.55 K
¥0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: ¥0.91
High 24H: ¥1.00
Low 24H: ¥0.79
Last Price: ¥0.81
Total: LUNA 687.66 M
Mkt. Cap: ¥561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: ¥222.55 K
₽0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: ₽0.91
High 24H: ₽1.00
Low 24H: ₽0.79
Last Price: ₽0.81
Total: LUNA 687.66 M
Mkt. Cap: ₽561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: ₽222.55 K
₩0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: ₩0.91
High 24H: ₩1.00
Low 24H: ₩0.79
Last Price: ₩0.81
Total: LUNA 687.66 M
Mkt. Cap: ₩561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: ₩222.55 K
₺0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: ₺0.91
High 24H: ₺1.00
Low 24H: ₺0.79
Last Price: ₺0.81
Total: LUNA 687.66 M
Mkt. Cap: ₺561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: ₺222.55 K
R$0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: R$0.91
High 24H: R$1.00
Low 24H: R$0.79
Last Price: R$0.81
Total: LUNA 687.66 M
Mkt. Cap: R$561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: R$222.55 K
¥0.81
DAY: -10.74%
WEEK: -23.44%
MONTH: +14.90%
Open 24H: ¥0.91
High 24H: ¥1.00
Low 24H: ¥0.79
Last Price: ¥0.81
Total: LUNA 687.66 M
Mkt. Cap: ¥561.80 M
Vol 24H: LUNA 275.14 K
Vol.24H: ¥222.55 K

LUNA Price Calculator

LUNA

Overview

Terra was originally an ecosystem with several moving parts. However, its TerraUSD (UST) stablecoin and LUNA asset faced catastrophe in 2022, causing vast changes to the project. Terra now has a new blockchain called Terra 2.0 with a new asset that is also called LUNA but referred to by most as LUNA 2.0.

The Terra blockchain

The Cosmos SDK and Tendermint technologies were used in the development of the Terra blockchain. Validators staking LUNA secured the Terra blockchain, which used a proof-of-stake (PoS) consensus algorithm. LUNA owners could also delegate their LUNA to a single validator or multiple validators and share in rewards. Validators and delegators could vote on Terra ecosystem changes. 

The Terra blockchain comprised 130 validators working together to actively run the network. They were the 130 largest LUNA stakers, factoring in the amount of LUNA staked by the entity overseeing the validator and the amount of LUNA delegated to that validator. Bad conduct by a validator resulted in slashing — a penalty paid in LUNA, taken from some of the validator’s staked and delegated LUNA — and a timeout from working as part of the core 130 validators that ran the network. 

Developers could also build decentralized applications (DApps) on the Terra blockchain.

The original Terra project 

Terra was formerly a crypto project ecosystem with two overarching branches: a stablecoin system (the Terra protocol) and a native blockchain (the Terra blockchain). Its native coin, LUNA, had multiple roles in the ecosystem, such as being used for Terra ecosystem governance. 

The Terra protocol was essentially a system of algorithmic stablecoins running on the Terra blockchain, used in tandem with its native LUNA coin to keep a peg with fiat currencies, such as the U.S. dollar.

The stablecoins were referred to in general as Terra, although multiple different stablecoins existed under this umbrella, such as TerraUSD (UST) — a U.S. dollar (USD)-pegged stablecoin. These stablecoins formed one pool, while another pool included LUNA, which had a fluctuating price.

Broadly speaking, the stablecoins were kept in line with their underlying fiat values via arbitrage between the two pools. A stablecoin was minted or burned in tandem with minting or burning LUNA, depending on in which direction that stablecoin strayed from its intended fiat price, with market arbitrageurs profiting on the differences if and when they occurred.

The fall of Terra

In 2022, the design of the UST stablecoin led to the collapse in the price of both the UST and LUNA assets. UST lost its dollar peg, ultimately dropping below $0.05 per UST. LUNA crashed nearly 100% in value. Do Kwon, co-founder of Terraform Labs — the entity that built the Terra ecosystem — proposed the birth of a new blockchain absent a related stablecoin. Named Terra 2.0 (aka Phoenix-1), the new blockchain launched with a new asset also called LUNA but known by most as LUNA 2.0. Plans also included airdropping the new asset to certain Terra ecosystem participants.

The original Terra blockchain became Terra Classic, with its asset called Luna Classic (LUNC). TerraUSD also became TerraUSD Classic (USTC). 

LUNA coin price

LUNA, or LUNA 2/LUNA 2.0, is now the asset of the current Terra LUNA crypto project ecosystem. The LUNA crypto asset’s value is shown in the LUNA chart above. The price at the top of the page shows the updated Terra LUNA price today via a LUNA to USD live price.

Terra News