Terra’s (Terra 2.0) new blockchain went live on May 28 and the network has been updated with the chain-id Phoenix-1. The open price of LUNA was $18.98 and the trading volume was $281,599,801. But since the re-launch of the new Terra network coin LUNA has dropped by over 69% within
The greatest downfall of the Terra ecosystem cast a ruinous effect on the crypto world. The crypto market was already crashing down due to soaring macro-inflation and the hyper-volatility of the fiat-based TradeFi. Terra (LUNA) and the network’s algo-stablecoin TerraUSD (UST) became the sufferers of a disastrous free-fall to their
During the launch, LUNA will be airdropped in major app developers of Terra Classic. Terra 2.0 is believed to be “a chance to rise up anew from the ashes”. The Terra Builder Alliance (TBA) released the announcement about the new Blockchain Terra 2.0 for the Terra ecosystem on May 17th,
