The current price of Terra is $0.41760. Since 00:00 UTC, Terra has decreased by -4.96%. It currently has a circulating supply of 687,660,230 LUNA and a maximum supply of 1,078,518,456 LUNA, giving it a fully diluted market cap of $286.55M. At present, the Terra coin holds the 115 position in market cap rankings. The Terra/USD price is updated in real-time.
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Following its inception, the Terra 2.0 ecosystem has launched 44 distinct projects encompassing various sectors, such as finance, non-fungible tokens (NFTs), and gaming.
Terra is an open-source blockchain platform fostering an extensive ecosystem comprising decentralized applications (dApps) and developer tools. Leveraging the underlying Cosmos (ATOM) blockchain framework, Terra has achieved remarkable speed, positioning itself as one of the swiftest blockchains available, capable of processing up to 10,000 transactions per second (TPS).
The Terra team
Daniel Shin and Do Kwon launched the original Terra project in January 2018. As a result of the 2022 collapse, Do Kwon issued a revival plan that led to the creation of Terra 2.0 and Terra Classic blockchains. Now, Terra is a community-owned blockchain where decisions are reached via decentralized voting.
How does Terra work
Following the blockchain fork in May 2022, Terra embarked on a new journey known as Genesis, where the network was built from scratch. Terra’s primary objective is to construct a permissionless and borderless digital economy that can support the next wave of innovative financial products. Leveraging frameworks from the Cosmos blockchain, Terra has achieved a remarkable level of throughput, enabling high transaction processing capacity.
Terra maintains compatibility with the Cosmos ecosystem by retaining the Cosmos SDK (software development kit), empowering developers to create high-performance dApps on the Terra chain. To optimize and enhance the core functionality of the network, Terra employs a unique set of codes referred to as Mantlemint.
These codes enable Terra to deliver a fast and optimized experience, efficiently serving a substantial number of user queries. As outlined in the Terra white paper, a Mantlemint node is capable of performing three to four times more queries than a standard Secret Node.
In terms of consensus mechanism, Terra utilizes a distinctive approach called Tendermint, which relies on a proprietary Byzantine Fault Tolerant (BFT) Proof of Stake (PoS) infrastructure. This consensus mechanism leverages partially synchronous communication to ensure agreement among network participants, facilitating secure and efficient consensus within the Terra ecosystem.
The native token of the Terra 2.0 Ecosystem: LUNA
LUNA is the native token of the new Terra or Terra 2.0 blockchain. It is used for decentralized governance of the Terra 2.0 ecosystem. LUNA holders are given the right to vote on decisions that influence the future of the platform, making them stakeholders in Terra's ecosystem.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3K new posts about Terra, driven by 733 contributors, and total online engagement reached 4.2M social interactions. The sentiment score for Terra currently stands at 83%. Compared to all cryptocurrencies, post volume for Terra currently ranks at 823. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Terra.
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Posts
3,026
Contributors
733
Interactions
4,245,500
Sentiment
83%
Volume rank
#823
X
Posts
1,744
Interactions
390,302
Sentiment
71%
LUNA FAQ
How much is Terra worth today?
Currently, one Terra is worth $0.41760. For answers and insight into Terra's price action, you're in the right place. Explore the latest Terra charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Terra, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Terra have been created as well.
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