This Terra Weekly Recap is solely for informational purposes and does not constitute investment advice. Terra is just starting out in development. Last week the project also deployed airdrop distribution for projects built on Terra Classic affected by the attack. In addition, the important pieces on Terra are also gradually completed. Let’s take a look at some important news on Terra last week with Coincu.

NETWORK GROWTH

Total Value Lock

The total value locked on the Terra has decreased over the past week. The TVL of the current ecosystem is around $918,167, down roughly 23.9% from last week. Currently, on Terra 2.0, there is only one active Stader project and a liquidity pool. Therefore, I still do not have much data to evaluate the TVL of the ecosystem.

Validator / Node

On Terra 2.0 there are 166 Validators in total. The validators with the highest power voting currently are Orbital with 3.45%, Smart Stake with 2.625%, and SeltonStake with 2.098%.

Unique Addresses

On Terra 2.0 there are currently around 650.75K unique addresses. In all, the number of new addresses created this week is 7.23K. Quadruple the number of new wallet addresses created in the last week. Because the number of wallet addresses on Terra is quite small. Therefore, this increase does not reflect the growth of users across the system. We need to watch more for the next several weeks.

Active addresses

Terra chain addresses were active from June 13th to 20th, with around 3.13K active addresses per day, a significant decrease of about 46.53% from the number of active addresses per day of week 23.

% staking on network

The amount of Terra being staked on the system is about 543M $LUNA. With a total supply of 1B $LUNA. The current stake percentage on the system is around 54.3%. This is a good sign for new ecosystems like Terra. When the supply is heavily staked in the system. demonstrating users’ trust in the system, and at the same time limiting the supply in the market, helping the $LUNA price to be more stable.

HIGHLIGHT EVENTS

Distribution for Terra 2.0 Emergency Allocation is now live.

Terra 2.0 Emergency Builder Allocation has begun delivering to Terra Classic construction projects affected by the Terra Classic attack. Below is a list of projects that received compensation.

More information: click here

DeFi Lego

Staking liquidity

Stader’s Liquid Staking is now LIVE on Leap Wallet.

You can liquid-stake your $LUNA and mint $LunaX right inside your Leap wallet.

More information: click here

Stader brings Degen Vaults to Terra 2.0—Introducing Dollar Cost Averaging (DCA)

The first Degen vault on Terra 2.0 will be based on the Dollar Cost Averaging (DCA) strategy.

Stader will accept $axlUSDC deposits in the vault. This axlUSDC will then be used to spread Luna purchases over the span of a week at random price points. Given the price volatility in the market, this strategy will help smoothen the average cost of your total $LUNA holdings and create the chance of some alpha in the process.

More information: click here

Verdict

Above is the important information in the past week about the Terra ecosystem. This is a difficult period for all projects and it will be many times more difficult for a rebuild project like Terra. Whether Terra 2.0 can develop during this extended bearish period.

If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].

Find more information about Terra

Website: https://www.terra.money/

Whitepaper: https://docs.terra.money/

Twitter: https://twitter.com/terra_money

Telegram: https://t.me/terra_announcements

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Ken. N

Coincu Ventures