LUNA is the native token of the Terra blockchain, a decentralized platform designed to host applications and provide financial tools. Following a transition from Terra Classic, the new Terra chain was established through a community-led governance proposal to focus on a decentralized economy without a stablecoin. As the foundational asset of the protocol, LUNA functions as the engine for the network where value moves as users pay gas fees to interact with decentralized applications. Its primary value proposition lies in its ability to scale rewards for stakers as developer activity and transaction volumes grow within the ecosystem.
The network maintains security through a Proof of Stake system using the Tendermint consensus mechanism, where 130 independent validators compare transactions to ensure the integrity of the blockchain. Users who do not want to run their own node can delegate their tokens to these validators to help record and verify data. To ensure accountability, the protocol employs slashing, a penalty that removes a small portion of staked tokens if a validator misbehaves or goes offline.
Originally created by Terraform Labs, the project has evolved into a community-governed model where independent developer groups and users maintain the protocol. Terraform Labs currently manages a claims portal for users impacted by previous network events as part of ongoing legal and bankruptcy proceedings. The token serves multiple roles, including paying for gas fees to interact with dApps , providing voting power for governance proposals , and earning rewards through a fixed 7% annual inflation rate.
Where is Terra available for purchase?
You can exchange LUNA tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Terra is Binance, notably the LUNA/USDT pair, which saw a trading volume of $ 600,978 in the past day. Additionally, Phemex and WEEX are popular alternatives for trading tokens.
What is the highest value Terra (LUNA) has ever reached?
Terra (LUNA) reached its peak price at 18.87 $ on 28 May 2022, approximately 4 years ago ago. Presently, the current price is -99.7% lower than this all-time high.
What is the historical minimum price for Terra (LUNA)?
The minimum price reached for Terra (LUNA) was 0.0458 $, documented on 10 October 2025, more than 6 months ago. In comparison, the current price is 20.65%, it above this historical low.
What is the fully diluted valuation of Terra (LUNA)?
The fully diluted valuation (FDV) of Terra (LUNA) stands at $ 63,58 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of LUNA tokens. The realization of this FDV might take several years depending on the emission schedule of LUNA tokens.