Terra (LUNA) and TerraUSD (UST) - statistics & facts
Terra (LUNA) made headlines in February 2022 for being one of the few to avoid negative impacts of the war in Ukraine. LUNA鈥檚 price by the end of that month was close to 93 U.S. dollars by that time, compared to roughly 50 U.S. dollars right before Russia started its military actions. This figure also meant an all-time high for the cryptocurrency that launched in 2018, turning LUNA into one of the biggest cryptocurrencies in the world. To compare, the Terra coin was now ahead of Solana 鈥 a competitor that also reached the news in early 2022 - but was now also bigger than the more widely known Dogecoin and SHIBA INU. There are two key reasons for this: First, the positive price volatility of LUNA stood out in a time when the overall crypto market seemed to struggle. Second, the Terra token has very close ties with two other important cryptocurrencies in 2022: Stablecoin UST and crypto lending token Anchor Protocol.
