Terra (LUNA) currently has a price of $1.042 and is up 3.92% over the last 24 hours. The cryptocurrency is ranked 102 with a market cap of $624.1M. Over the last 24 hours, it saw $110.6M of trading volume. The token has a circulating supply of 599.3M tokens out of a total supply of 1.1B tokens.
Terra (LUNA) is a blockchain protocol that facilitates stable global payments through fiat-pegged stablecoins. These stablecoins are tied to major global currencies and the network primarily targets e-commerce integration to boost adoption through collaborations with online platforms. However, the stablecoins relied on algorithms to maintain their peg, a move that spectacularly backfired, causing a major collapse.
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