Swap Tracker
All Coins

Exchange LUNA (LUNA)

If you're looking to swap LUNA, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is LUNA or some fresh information about LUNA’s price movements. And, of course, we provide you with the multiple LUNA exchange options so that you can choose the offer with the best rates and lowest LUNA fees, as well as other parameters that suit you.

luna-icon
luna-icon
luna-icon

LUNA Price Stats

To help you make a decision about exchanging your LUNA, we gathered some cold hard numbers: LUNA price chart and other stats, such as LUNA market cap.

24H HIGH

24H HIGH $1.673

LUNA MARKET CAP

LUNA MARKET CAP $1,712,599,349.975

CIRCULATING SUPPLY

CIRCULATING SUPPLY 1,046,181,643.235 LUNA

24H LOW

24H LOW $1.6206758

LUNA PRICE

LUNA PRICE $1.637

24H VOLUME

24H VOLUME $6,463,364.07

SwapSpace Reviews

LUNA Price Chart

Here you can see the current price of LUNA, as well as LUNA price history.

What is LUNA?

Terra blockchain is a fully community-owned blockchain network, built to enable the next generation of blockchain protocols and services. It is an open-source blockchain protocol used for algorithmic stablecoins. It also allows the building of decentralized applications and organizations with the offered suite of advanced developer tools. Terra is permissionless and borderless in the sense that all the services are accessible to everyone in the world at any moment. 

Terra was launched in 2018 by Do Kwon and Daniel Shin. They cofounded Terraform labs in Seoul. The company managed to raise around $200 million from investment firms such as Arrington capital, Coinbase Ventures, Galaxy Digital, and Lightspeed Venture Partners.

The genesis block of the platform was launched on May 28, 2018. In January Luna Foundation Guard was established as a non-profit organization in Singapore and Do Kwan became its director. A portion of the money obtained from the LUNA sales was allocated to the Luna Foundation Guard to be used to stabilize the price of UST. By May 7, 2022, just before UST broke its peg, the LFG held over 80000 Bitcoin.

The system is powered by fiat-pegged stablecoins that are supposed to become a foundation for a price-stable global. The WhitePaper of the project claims that it combines the stability and wide adoption of fiat currencies with the censorship resistance of big networks such as Bitcoin. 

Several stablecoins are built on top of Terra. The most known of them is TerraUSD pegged to the USD dollar. It became the third-largest stablecoin by market capitalization before the Terra network collapse in May 2022.

Terra is a group of algorithmic stablecoins named according to the currencies they are pegged to, for example, TerraUSD is pegged to the American dollar. The LUNA token serves as a primary backing asset on the network and also serves as the governance token. UST tokens are not literally pegged to the USD dollars, instead, UST was designed to maintain its peg through a specific “burn and mint equilibrium”. It uses a two-token system, whereby one token always stays stable (UST) while the other token is meant to absorb volatility. The critics were calling the project a Ponzi scheme.

In May 2022 the blockchain was temporarily halted due to the collapse of its stablecoin LUNA. From May 9 the token started to lose its peg to the USD dollar. In just a week the price of UST dropped to 10 cents, while LUNA fell totally to zero. Just before that it reached an all-time high of $119.5 and was one of the top ten cryptocurrencies in the market. The collapse wiped out over $45 million from the market capitalization.

On May 28 the genesis of the new blockchain was launched to conduct future transactions under the name Terra (LUNA). The original chain was rebranded to Terra Classic. The original native coin was also renamed to LUNA Classic (LUNC). All the network stablecoins have been renamed to Terra Classic stablecoins. The new blockchain doesn’t have stablecoins. 

Anchor protocol was a lending and borrowing protocol built on the Terra network. Investors who put their money into the Anchor protocol were receiving up to 19.45% yield returns that were paid out of Terra’s resources. 

The ecosystem runs on the native cryptocurrency of the protocol LUNA. The coin is used to pay for transactions on the blockchain and also to interact with numerous applications on the network. The token can also be staked to secure the network or used to purchase NFTs and participate in the network’s governance. 

LUNC is the first native token of the LUNA blockchain released in 2018. It existed on the old chain now called Terra Classic that had an original code of the Terra ecosystem. The first token was meant to absorb the price deviation of the algorithmic stablecoin. 

LUNA is a new token on the new Terra network that continued without stablecoin. It has a total supply of 1 billion tokens. 8% of the total supply is allocated to the developer mining program, 20% went to the community pool, and 35% was airdropped to the owners of the previous LUNA token. 

Average Fees on Terra

The only fee that users pay on the Terra network is the gas fee. Gas is estimated and added to every transaction in Terra Station. Gas is estimated and added to every transaction. Validators are able to set their own minimum gas fees. 

For the third-party gateways, the transaction fee is between 0.5% and 2%.

LUNA Wallets

LUNA token is supported by a big number of crypto wallets, including its native Terra Wallet, and also ZenGo, MetaMask, Leap, Ladger Nano, Trezor, Coinbase, Exodus, Mycelium. 

A Simple Way To Exchange LUNA Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 1600 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Featured Price Predictions

Frequently Asked Questions

Will LUNA go up?

Is LUNA a good investment?

Is Luna an ERC-20 token?

Where to buy Terra (LUNA)?

Popular Exchange Pairs with LUNA

Those cryptocurrencies are most frequently traded with LUNA at SwapSpace. Join our other customers in the “Exchange Pairs” section!
All pairs