What's Hot

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    Tether will look for crypto transactions that pay for child pornography

    26.01.2023

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023
    Facebook Twitter Instagram
    Friday, January 27
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Altcoins»LUNA tokens worth $ 2.7 billion were destroyed in December
    2e75a594120ae780f9e089df103af6746a24563d
    Altcoins

    LUNA tokens worth $ 2.7 billion were destroyed in December

    AdministratorBy Administrator27.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    The price of the altcoin on December 27 updated its all-time high above $ 103, and its capitalization increased to $ 35.6 billion.Over the month, the cryptocurrency has risen in price by 136%

    LUNA tokens worth 27 billion were destroyed in December

    In December, 27 million LUNA tokens were destroyed on the Terra network (almost $ 2.7 billion, taking into account the current exchange rate at 15:20 Moscow time on December 27), according to Terra Analytics. One Twitter user noted that the volume of coins burned on the Terra network in December could take the 63rd place in the ranking of the largest cryptocurrencies according to CoinGecko.

    Burning tokens is the destruction of a certain number of digital coins to reduce their emission. This method is used to combat inflation and increase the value of cryptocurrencies. All token burn operations are recorded on the blockchain as a transaction. Therefore, anyone can verify that the coins have been destroyed.

    On December 27, the price of the LUNA token renewed its all-time high above $ 103. Over the past month, altcoin has risen in price by 136%, and its capitalization has increased to $ 35.6 billion.

    On December 26, the total locked value (TVL) of assets on the Terra blockchain exceeded $ 20 billion, according to DefiLama. The project took the second place in the ranking of the largest DeFi protocols, displacing Binance Smart Chain ($ 17.3 billion). At the moment, Terra is second only to Ethereum in TVL ($ 160.8 billion).

    Terra is a blockchain protocol that creates fiat-pegged stablecoins. LUNA token holders can propose and vote on proposals for improving the blockchain.




    #LUNA #tokens #worth #billion #destroyed #December

    billion December destroyed LUNA tokens worth
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million

    26.01.2023

    Djed on the Cardano network will be launched next week. What’s next for ADA?

    26.01.2023

    ​BUSD stablecoin supply drops $2bn in a month

    26.01.2023

    The dYdX exchange has postponed the unlocking of tokens. DYDX reacted up 30%

    26.01.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Chinese tax authorities step up pressure on private crypto investors
    • Tether will look for crypto transactions that pay for child pornography
    • On-chain activity in the Optimism network collapsed after the end of the NFT bonus program
    • Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million
    • AI Calls Bitcoin a Tool to Destroy Central Banks
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.