🌖 Terra Classic Blockchain on the Rise
The Terra Classic blockchain has adopted a long-term plan to ensure a vibrant Web3 ecosystem with secure smart contracts. According to market data provided by Defillama, the Terra Classic network has around $2.09 million in total value locked (TVL) from a handful of Web3 projects led by Astroport Classic, Terraswap, Loop Finance, and the Eris protocol, among others.
As Crypto News Flash recently noted, the Terra Classic ecosystem has received huge support from Binance in periodic burns amid the ongoing LUNC staking program. The #TerraClassic developers have been working to ensure seamless adoption of LUNC and its related web3 protocols in a multi-chain ecosystem.
Earlier this week, Binance facilitated the burning of around 1.7 billion #LUNC✅ . As a result, more than 12 billion LUNC have already been obliterated in addition to 68 million $USTC . Notably, around 400 million #USTC were removed from circulation following the settlement between the US SEC and Terraform Labs.
