Terra Classic

Despite attempts to align Terra Classic (LUNC), the rebranded cryptocurrency within the Terra (LUNA) ecosystem, with other crypto projects and blockchains, the network’s total value locked (TVL) is steadily dropping.Follow CryptosHeadlines On <a href="https://twitter.com/CryptosHeadline" rel="noopener noreferrer nofollow">Twitter</a>As per the latest info from DefiLlama, a decentralized finance analytics platform, Terra Classic’s TVL has hit its lowest point since its launch, with approximately $2.11 million in staking value currently.Comparing to August 9 data, the underlying blockchain’s <a href="https://cryptosheadlines.com/defi-powerhouse-blur-sets-new-record-with-all-time-high-total-value-locked/" rel="noopener noreferrer nofollow">total value locked</a> (TVL) had reached $20.49 billion in May 2022. However, it faced a significant <a href="https://cryptosheadlines.com/crypto-exchange-volume-drops-due-to-debt-ceiling-discussions/" rel="noopener noreferrer nofollow">drop due</a> to LUNA and TerraUSD (UST) collapsing, along with challenges in managing large withdrawals. This year alone, the staking value has fallen by 63.87%. <a href="https://cryptosheadlines.com/alarming-data-decline-of-terra-classic-lunc-in-crypto/" rel="noopener noreferrer nofollow">Read More...</a>

Alarming Data: Decline of Terra Classic (LUNC) in Crypto

CryptosHeadlines.com

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