LUNA is the native token of the Terra blockchain, a distributed platform built to host applications and provide financial tools. Following a transition from Terra Classic, the new Terra chain was established through a community-led protocol governance proposal to focus on a distributed 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 distributed applications. Its primary value proposition lies in its ability to scale rewards for stakers as developer activity and transaction volumes grow within the network ecosystem. Latest snapshot shows market cap near $38,021,294, 24h volume around $6,041,840, 24h change down 4.34%. DexBrief is currently monitoring a live market route on Solana. DexBrief is currently blending 4 public market feeds for this market snapshot.
Contract references point to Terra 2 as the primary asset platform. Project references place Terra on the Terra 2 network. Market data providers usually group Terra with Terra Ecosystem, Alleged SEC Securities, and Osmosis Ecosystem. Cross-chain contract listings currently include Terra 2, Osmosis.