Terra's native coin Luna saw its trading volume nearly reach an all-time high when Russia invaded Ukraine in March 2022. Following this news, the price of multiple cryptocurrencies declined whilst the LUNA token was one of the few that was not affected. The popularity comes from the Terra blockchain playing a major role in Decentralized Finance or DeFi. For example, the transaction speed of LUNA is allegedly much faster than that of Ethereum, allowing for faster financial services.
Terra (LUNA) 24h trade volume from January 1, 2020 to May 16, 2022
(in billion U.S. dollars)
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CoinMarketCap. (May 17, 2022). Terra (LUNA) 24h trade volume from January 1, 2020 to May 16, 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1298337/luna-trade-volume/
CoinMarketCap. "Terra (LUNA) 24h trade volume from January 1, 2020 to May 16, 2022 (in billion U.S. dollars)." Chart. May 17, 2022. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1298337/luna-trade-volume/
CoinMarketCap. (2022). Terra (LUNA) 24h trade volume from January 1, 2020 to May 16, 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1298337/luna-trade-volume/
CoinMarketCap. "Terra (Luna) 24h Trade Volume from January 1, 2020 to May 16, 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 May 2022, https://www.statista.com/statistics/1298337/luna-trade-volume/
CoinMarketCap, Terra (LUNA) 24h trade volume from January 1, 2020 to May 16, 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1298337/luna-trade-volume/ (last visited December 03, 2024)
Terra (LUNA) 24h trade volume from January 1, 2020 to May 16, 2022 (in billion U.S. dollars) [Graph], CoinMarketCap, May 17, 2022. [Online]. Available: https://www.statista.com/statistics/1298337/luna-trade-volume/