The destruction mechanism of LUNC and USTC continues to advance, and the proportion of staked LUNC is steadily rising. As of now, the cumulative destruction of LUNC has exceeded 43.01 billion, while the number of USTC permanently removed from circulation has also reached approximately 5.19 billion.

In just the past week, nearly 489 million LUNC has been destroyed, and about 250,000 USTC has exited circulation.

Overall, the Terra Classic chain has hardly had a moment of rest: the network continues to operate, the ecosystem is still being maintained, and the total supply of tokens is gradually being compressed.

Long position $LUNC

Continuous deflation is a long-term positive

Destruction continues, and the total amount is decreasing, which is a typical supply-side benefit, especially important for coins with a very large circulation.

An increase in the staking ratio = a decrease in the circulating supply

More LUNC is locked, reducing short-term selling pressure relatively, which has a positive effect on price stability.

For the old chain, "continuous development + continuous destruction" itself is a source of confidence.