Guide to Purchasing Terra Luna for Beginners

LUNA, the native token of the Terra blockchain, has been performing exceptionally well compared to other smart contract blockchain tokens. According to data from Messari, LUNA has seen a price increase of over 76% in the last 30 days, while other smart contract tokens have experienced a decline of 12% in the same time period. This impressive growth can be attributed to Terra’s debt protocols, with 51% of Terra TVL in debt protocols, 8% in DEXs, and 36% in staking protocols. Anchor Protocol, in particular, has seen significant growth, with its TVL increasing by $5 billion in 30 days. The popularity of Terra’s flagship algorithmic stablecoin, Terra USD (UST), has also contributed to the token’s success. UST has gained traction not only within the Terra ecosystem but also on other blockchains, including Fantom. With a current price of $93.56 and a market cap of $33,345,248,543 USD, LUNA is definitely a cryptocurrency worth paying attention to.