This Terra Weekly recap is solely informational and does not constitute investment advice. The price of $LUNA continued to move sideways in the past week in the $1.7-$1.9 zone. On-chain data is still growing at a steady rate. Let’s take a look at some vital information on Ecosystem last week with Coincu Ventures.
NETWORK GROWTH
Total Value Locked
The total value locked on the ecosystem has decreased over the past week. The TVL of the current ecosystem is around $22.8 million, down approximately 9.7% from last week. This is a significant reduction. However, we still need to follow up.
HIGHLIGHT EVENTS
The builders have a new updates that live Terra Station mobile
For the convenience of users to track indices on the Terra network as well as monitor their investment portfolio. Builder launches Terra Station mobile with New features: Dashboard – View metrics on the network, Governance – Vote on governance contracts proposals, NFTs – Manage your CW721 NFTs, Contracts – Query and interact with smart, Theme – Select your preferred color theme
More information: Click here
Secret brings Privacy to Terra 2.0
$LUNA can use privately on Secret Network, The first blockchain with privacy-preserving smart contracts. $sLUNA allows for private transactions and private wallet balances and can be used in a privacy-preserving dapp.
More information: Click here
DEFI LEGO
Dex
The new $LOOP tokenomic
With the re-launch on Juno Network, Loop Finance is going to be restructuring our tokenomics model.
During the Terra crash, Loop lost most of its treasury. They went from around $4M in the treasury to just over $1M. To counteract this and replenish the treasury, they will increase the total supply of tokens by 20% (to 1.2B). The new tokens will be added to the emissions schedule and used to rebuild the treasury as required to make sure that the project has enough runway to continue building through even the longest of bear markets.
More information: click here
Prism Protocol relaunch & roadmap
PRISM has released a new development roadmap for the project. After the demise of Terra, this was an opportunity for the project team to sit down and outline a more sustainable development path. Here is the upcoming direction of PRISM.
More information: click here
NEW PROJECTS
Valkyrie Protocol – Services: Valkyrie Protocol’s mission is to proliferate “Share to Earn” and powers DApp activations across the digital ecosystem. Through Valkyrie, protocols seeking to achieve a defined objective can create campaigns to promote their projects and set reward structures to incentivize user participation.
VERDICT
Above is the critical information in the past week about the Terra ecosystem. Mainnet projects on Ecystem begin to increase. Because the system is rebuilt and the number of projects is small, it is impossible to make a long-term assessment of the system’s development history. However, the on-chain indicators on the system have been very positive in recent weeks which is a good sign.
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
