{"id":197500,"date":"2021-08-25T06:03:38","date_gmt":"2021-08-25T05:03:38","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=197500"},"modified":"2021-09-10T12:18:42","modified_gmt":"2021-09-10T11:18:42","slug":"terra-luna-sets-new-ath-as-network-activity-increases","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/terra-luna-sets-new-ath-as-network-activity-increases\/","title":{"rendered":"Terra (LUNA) sets new ATH as network activity increases"},"content":{"rendered":"

Terra\u2019s native token <\/span>LUNA<\/span><\/a> rallied over 31% during the past seven days as the crypto\u2019s price broke another record high crossing $34,3 earlier today.<\/span><\/p>\n

With a current market cap of roughly $13,4 billion, LUNA witnessed a significant recovery since the May crash, when it was trading just above $4.1.<\/span><\/p>\n

The Terra ecosystem\u00a0<\/strong>\u00a0<\/span><\/h2>\n

Terra is a decentralized blockchain platform founded in 2018 by South Korean firm Terraform and its native token LUNA is largely used for stabilizing the price of the protocol\u2019s <\/span>stablecoins<\/span><\/a> and for incentivizing the platform\u2019s validators.<\/span><\/p>\n

While being the algorithmically-governed stablecoin platform\u2019s native token, LUNA is elemental for the entire Terra ecosystem, which keeps rapidly <\/span>expanding<\/span><\/a>.<\/span><\/p>\n

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The @terra_money<\/a> ecosystem is expanding more than ever. Are you familliar with these projects?$LUNA<\/a> #Terra<\/a> #Terraecosystem<\/a> pic.twitter.com\/uNnBlGQNtC<\/a><\/p>\n

— Terrians ? (@Terrians_) August 24, 2021<\/a><\/p><\/blockquote>\n