This Terra Weekly Recap is solely for informational purposes and does not constitute investment advice. The market continues to move sideways. The $LUNA price is also sideways. The Terra ecosystem is still in the process of recovery, the pieces are gradually being completed. Let’s take a look at some important information on the Terra ecosystem with Coincu in the past week.
NETWORK GROWTH
Total Value Lock
The total value locked on the Terra has increased over the past week. The TVL of the current ecosystem is around $2,055,018, a strong growth rate up to 123% 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 188 validators in total, up approximately 8.4% from last week. The validators with the highest power voting currently are Orbital with 3.61%, Smart Stake with 3.113%, and SeltonStake with 2.078%.
Unique Addresses
On Terra 2.0, there are currently around 656.24K unique addresses. In, the number of new addresses created this week is 5.49K addresses, down approximately 24%.
Active addresses
Terra chain addresses were active from June 20th to 26th, with around 2.93K active addresses per day, a decrease of about 6.2% from the number of active addresses per day of week 24.
% staking on network
The amount of Terra being staked on the system is about 543.68M $LUNA. With a total supply of 1B $LUNA. The current stake percentage in 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. Showing 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
DeFi Lego
New projects
TerraGotchi NFTs is the first class of dynamic NFTs offering a fun, game-like experience to track wallet’s transaction data on-chain.
LaunchPad
Token Vesting is live on Wicca Testnet
Wicca Protocol is a permissionless Decentralized Launchpad platform built on Terra 2.0 allowing anyone to launch the project and issue their token without code experience.
Wicca Protocol opened a token vesting feature on their testnet
More information: click here
Game/NFT
Knowhere mitigated on Terra 2.0
Knowhere has completed its migration to Terra 2.0 – users can now interact with the platform as we optimize for the new chain.
More information: click here
Verdict
Above is the important information in the past week about the Terra ecosystem. Although there is not too much outstanding news on Terra 2.0, because the projects on the ecosystem are still few and the dev team is in the process of focusing on rebuilding Terra 2.0. However, the on-chain indicators on the system are very positive, TVL has increased sharply in the past week and the number of validators continues to increase.
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
