What happened to the original Terra LUNA?

The original LUNA collapsed in May 2022 when its algorithmic stablecoin UST lost its peg. Over $40 billion in value was wiped out in days. The community voted to create Terra 2.0 as a fresh start.

Can I swap LUNA without KYC?

Yes. SyntheticSwap supports LUNA swaps with no registration or identity verification.

What is the difference between LUNA and LUNC?

LUNA refers to Terra 2.0's new token. LUNC (Luna Classic) is the original Terra blockchain's token, which still trades but is on the deprecated Terra Classic chain.

Terra 2.0 has no algorithmic stablecoin — the design that caused the original collapse. It is a standard PoS blockchain. However, all crypto investments carry risk.

What apps are on Terra 2.0?

Terra 2.0 hosts DeFi applications including Astroport (DEX), Mars Protocol (lending), Prism (yield derivatives), and various NFT platforms built by the returning community.

Home/Supported Coins/Terra (LUNA)

Terra (LUNA)

Layer-1 Blockchain for Decentralized Finance and Stablecoins

Launch Year

2022

Consensus

Proof of Stake

Max Supply

1,000,000,000 LUNA

Block Time

~6 seconds

LUNA

Terra (LUNA)

Price—

24h Change—

Market Cap—

Volume (24h)—

Circulating Supply—

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Terra (LUNA) Price Chart

LUNA / USD

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About Terra (LUNA)

Terra (LUNA) is the native token of Terra 2.0 — a new blockchain launched in May 2022 by the Terra community following the catastrophic collapse of the original Terra/LUNA ecosystem and its algorithmic stablecoin UST. Terra 2.0 (also called Phoenix) is a Cosmos SDK-based Proof-of-Stake blockchain without an algorithmic stablecoin. The new LUNA token was distributed via an airdrop to holders of the original LUNA and UST tokens. Terra 2.0 aims to rebuild the developer ecosystem that made the original Terra one of the top blockchains, with a focus on DeFi, NFTs, and Web3 applications.

History

2022

Terra 2.0 (Phoenix) launches in May 2022 after the original Terra/LUNA collapse; new LUNA distributed via airdrop.

2022

Several DeFi protocols including Astroport DEX migrate to Terra 2.0; ecosystem rebuilding begins.

2023

Terra ecosystem continues recovering; LUNA price stabilizes; new applications launch on the chain.

2024

Terra 2.0 maintains an active developer community; focuses on DeFi and cross-chain IBC applications.

How to Swap LUNA

Exchanging Terra (LUNA) (LUNA) on SyntheticSwap requires no account creation or identity documents. Open SyntheticSwap, choose LUNA as your source or target coin, provide your destination wallet address, and review the floating rate displayed. After sending LUNA from your personal wallet to the deposit address, the swap processes automatically and your chosen asset is delivered directly to your wallet. SyntheticSwap never holds your funds at any point during the process.

How to Store LUNA

LUNA is stored in Terra-compatible wallets. Terra Station (the official wallet, available as browser extension and mobile app) is the primary option. Keplr wallet also supports Terra 2.0. Ledger hardware wallets support LUNA via Terra Station integration.