$LUNA ’s saga reads like a high-octane thriller that’s been unfolding on the crypto stage for years.
The early chapters:
Terra’s native token,
$LUNA , launched in 2019 as the backbone of the Terra blockchain, designed to stabilize its algorithmic stablecoin UST through a dual-token mechanism. In its infancy,
$LUNA attracted developers and investors with promises of scalable, low-fee DeFi applications and an innovative seigniorage model that linked its value to UST demand.
The rise: By 2021
$LUNA surged into the spotlight, powering the Terra ecosystem’s rapid expansion—Anchor, Mirror, and othe