Is Terra Classic (LUNC) dead? Lowest TVL levels of all time
Although recent attempts have been made to align Terra Classic (LUNC) with other crypto projects, the total value locked (TVL) on its network is continuously declining. Here are the key points:
– Terra Classic’s TVL has dropped to the lowest levels since its launch, amounting to only around $2.11 million in staking value.
– The TVL of the underlying blockchain in May 2022 was $20.49 billion, but it has since declined by 63.87%.
– Terra Classic’s current TVL is significantly lower than that of other prominent crypto assets, such as Solana (SOL) and Cardano (ADA).
– The price of Terra Classic is currently at $0.000078, with slight gains in the last 24 hours but declines over the previous seven days and month.
– Efforts to revive the Terra ecosystem, including plans to reduce the circulating supply of LUNC and support from Binance, have not prevented the collapse of its staking values.
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