$LUNC The Terra ecosystem is vast and complex, with various supporting applications and services, making it one of the most advanced blockchain ecosystems. However, the collapse of Terra in May 2022 showed how fragile the ecosystem was.
Some missing components of the Terra ecosystem include:
- *Lending*: Lending protocols like Anchor and Mirror
- *DEX*: Decentralized Exchange (DEX) like TerraSwap
- *Wallet*: Digital wallets like Terra Station
- *Bridge*: Bridges between Terra and other blockchains
- *DAO*: Decentralized Autonomous Organization (DAO) like Terra Alliance
- *Games*: Blockchain games like Terra Battle
- *Insurance*: Insurance services like Nexus Mutual
- *LP Pool*: Liquidity Pool (LP) that provides liquidity for the Terra ecosystem
The collapse of Terra highlights the importance of diversification and risk management in the blockchain ecosystem.
