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What is the total circulation of Terra(LUNA) coins?
As of March 2023, the total circulation of Terra (LUNA) coins is approximately 1 billion, and the majority of these coins are currently staked.
Dec 09, 2024 at 04:26 pm
What is the total circulation of Terra (LUNA) coins?
LUNA is the native token of the Terra blockchain, a decentralized platform for stablecoins and other financial applications. LUNA is used to pay transaction fees and to incentivize validators to participate in the consensus process. As of March 2023, the total circulation of LUNA is approximately 1 billion coins.
Key Points About Terra (LUNA) Total Circulation
- The total circulation of Terra (LUNA) is a dynamic value that constantly changes. As new LUNA coins are minted and old coins are burned, the total circulation will fluctuate. As of March 2023, the total circulation is approximately 1 billion coins.
- The majority of LUNA coins are currently staked. Staking LUNA allows users to participate in the governance of the Terra blockchain and earn rewards. As of March 2023, over 90% of LUNA coins are staked.
- The total circulation of LUNA is expected to continue to increase in the future. As the Terra ecosystem grows, the demand for LUNA coins will likely increase, which will lead to an increase in the total circulation. As more developers build on Terra, and more users adopt its stablecoins and other financial products and services, the demand for the underlying LUNA token is likely to rise, leading to potential supply increases.
- The total circulation of LUNA is one of the key factors that determines its market capitalization. Market capitalization is calculated by multiplying the total circulation by the current market price. As of March 2023, LUNA has a market capitalization of approximately $10 billion.
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