The Terra blockchain is about to get its biggest upgrade today, transitioning from the Columbus 4 to the Columbus 5 version. With the Columbus 5 mainnet set to deploy on September 29th, we take a look at some of the biggest differences the upgrade will bring to the protocol. Columbus 5 marks the beginning of…
Just six months after its launch, Terra‘s Anchor protocol surpassed $4 billion in total value locked (TVL). The Terra-native savings protocol offers users 18-20% yields on stablecoins and has quickly positioned itself at the forefront of DeFi. According to a recent report, the protocol is set to continue its growth, albeit at a slower and…
Terraform Labs (TFL), a team behind the algorithmically-governed stablecoin platform Terra, recently announced the launching of the blockchain’s new funding initiative dubbed Project Dawn. The $150 million fund is supposed to bolster “critical infrastructure improvements,” while further advancing inter-blockchain communication. Cosmos contributor org “The staggering growth rate has highlighted the need for both core technologies…
On balance, 2021 has been an exceptional year for Terra so far. And, as developments on the project begin to converge, the rest of 2021 suggests the best is yet to come. But what are these developments, and how will they boost the Terra ecosystem? $LUNA is making moves Terra launched in 2018, making it…
The growing awareness for Terra’s native token LUNA has been largely driven by broadcasts surrounding the network’s pivotal upgrade, Columbus-5 initially planned for September 9. The Terra team has recently announced that the Columbus-5 mainnet deployment will be delayed for roughly three weeks while reassuring the impatient community there is “no reason to fret.” Why…
Blockchain.com, a full-stack crypto services platform has recently announced it jumped on board Terra’s $150 million Ecosystem Fund, established to act as a capital foundation for projects eager to build and develop applications, protocols, and tools on the growing network. By doing so, the company has joined an all-star ensemble of investors, including Arrington Capital,…
“I truly believe what we are seeing is just the beginning of what may be the craziest 4 months for L1’s. As $LUNA upgrades to Col-5, $ADA rolls out smart contracts, $KSM and $DOT roll out parachains, $AVAX and $SOL continue development and adoption, things are gonna get insane.” And with Bitcoin dominance floundering at…
Terra’s native token LUNA rallied over 31% during the past seven days as the crypto’s price broke another record high crossing $34,3 earlier today. 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. The Terra ecosystem Terra is a…
Terra’s native token LUNA rallied 79.66% during the past seven days as the protocol developed by South Korean firm Terraform Labs surpassed Polygon (MATIC), recording the third-highest total value locked (TVL) among blockchains. LUNA, which is part of an algorithmic balancing system that is used to stabilize the price of the protocol’s stablecoins, traded today…