#LUNA investigating LUNA
LUNA is the native cryptocurrency of the Terra network, a public blockchain protocol that focuses on price stability and the adoption of fiat currencies. LUNA is used as a governance and utility token within the Terra ecosystem.
Key features:
- Current price: $0.15059 USD
- Market capitalization: $106.92 million USD
- Transaction volume (24h): $332.86 million USD
- Circulating supply: 709.98 million LUNA
- All-time high: $19.54 USD
- All-time low: $0.03931 USD
Uses of LUNA:
- Staking: Users can stake LUNA to become validators of the Terra network and earn rewards.
- Governance token: LUNA is used to vote on improvement proposals for the Terra network.
- Digital asset: LUNA can be used as a digital asset for investing or trading.
History of LUNA:
- LUNA was launched in May 2022 as part of the Terra 2.0 network, after the original Terra Classic network suffered an attack that removed the backing of the TerraUSD (UST) stablecoin.
- The Terra 2.0 network focuses on scalability and security, and involves the participation of the LUNA community
