The Terra Ecosystem market cap today is $2.48 Billion, a 3.6% change in the last 24 hours.
Read More about Terra Ecosystem
Terra is a blockchain network that builds on the Tendermint consensus (Proof-of-Stake) and the Cosmos SDK toolkit. Terra’s network token is LUNA which powers the entire ecosystem. Unlike most blockchains, Terra’s ecosystem includes a native algorithmic stablecoin, TerraUSD (UST).
A decentralized network with its own decentralized currency is a very attractive thesis for both users and developers. More dApps are being built on Terra, especially DeFi protocols which are now commonly known as TeFi.