Sunday, May 28, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Uncategorized

Terra (LUNA) Projects Started Migration; Here’s Destination

cryptonews100_tggfrn by cryptonews100_tggfrn
July 10, 2022
in Uncategorized
0
Terra (LUNA) Projects Started Migration; Here’s Destination
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


spot and derivatives trading, low fees! Use VPN to Spain if in US.

article image

Vladislav Sopov

This EVM-compatible blockchain has already onboarded dozens of initiatives that left collapsed Terra (LUNA)

Related articles

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

February 28, 2023

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

February 28, 2023

Contents

  • Almost 50 projects are going from Terra (LUNA) to Polygon Network (MATIC)
  • From $30 billion to $40 million: Terra’s TVL drops to near-zero values

E-sports innovator Ryan Wyatt, CEO of Polygon Studios, shared an replace in regards to the migration of Web3 protocols from Terra (LUNA) blockchain.

Nearly 50 initiatives are going from Terra (LUNA) to Polygon Community (MATIC)

For the reason that mid-Might collapse of Terra (LUNA) and its stablecoin TerraUSD (UST), dozens of protocols have chosen to maneuver to Polygon Community (MATIC).

UPDATE: Terra initiatives have begun migration. Over 48 initiatives and counting… together with @OnePlanet_NFT, an unique @0xPolygon market, and @DerbyStars_HQ!

It was so superior to assist and welcome all these great builders to our thriving ecosystem!

Welcome! 💜$MATIC https://t.co/5ypu1QdMBA pic.twitter.com/JcskdWGnZJ

— Ryan Wyatt (@Fwiz) July 8, 2022

Based on Mr. Wyatt, over 48 initiatives, together with NFT ecosystem One Planet and Derby Stars HQ Play-to-Earn protocol, have already transferred their improvement workloads to Polygon Community (MATIC).

On Might 15, amid essentially the most dramatic section of the Terra (LUNA) collapse, Polygon Studios CEO said that his ecosystem will help the migration of protocols to Polygon.

Advertisements

He claimed that Polygon would “be placing capital and assets” into guaranteeing seamless migration of each initiatives and their communities from Terra (LUNA).

From $30 billion to $40 million: Terra’s TVL drops to near-zero values

As lined by U.At present beforehand, Terra’s (LUNA) ecosystem collapsed as a result of dramatic luquidity withdrawals from Anchor Protocol (ANC), which was its constructing block.

Each LUNA and UST dropped to virtually zero in a number of days. On Might 27, 2022, Terra’s Do Kwon restarted the blockchain as Terra 2.0. Nevertheless, its dApps ecosystem has been destroyed.

Prioir to the collapse, Terra (LUNA) was the biggest sensible contracts platform by TVL behind Ethereum (ETH). In latest weeks, its TVL metrics dropped almost 1,000 times, in accordance with DeFi Llama tracker.





Source link

Tags: destinationHeresLUNAmigrationProjectsstartedTerra
Share76Tweet47
kucoin-exchange

Related Posts

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

by cryptonews100_tggfrn
February 28, 2023
0

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC ...  David Gerard Source link

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

by cryptonews100_tggfrn
February 28, 2023
0

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says  Cointelegraph Source link

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes – CoinGape

by cryptonews100_tggfrn
February 28, 2023
0

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes  CoinGape Source link

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if… – AMBCrypto News

by cryptonews100_tggfrn
February 27, 2023
0

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if…  AMBCrypto News Source link

First Mover Asia: Solana in the Green After Weekend Deep Freeze – CoinDesk

by cryptonews100_tggfrn
February 27, 2023
0

First Mover Asia: Solana in the Green After Weekend Deep Freeze  CoinDesk Source link

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

Business Advantages Of Accepting Crypto Payments

May 28, 2023

Gulf Binance secures digital asset operator licenses in Thailand

May 28, 2023
Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether

Arbitrum-based Jimbos Protocol hacked, losing $7.5M in Ether

May 28, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

Altcoins (31) Binance (54) Bitcoin (307) blockchain (52) BTC (60) Buy (37) Cardano (58) Classic (70) coin (45) CoinDesk (33) Cointelegraph (40) collapse (31) crash (31) crypto (403) Cryptocurrencies (35) Cryptocurrency (69) Cryptos (53) DOGE (30) Dogecoin (65) ETH (43) Ethereum (128) FTX (43) Heres (37) Inu (61) investors (44) LUNA (240) LUNC (43) market (124) million (29) Network (42) News (123) Polkadot (30) POLYGON (32) prediction (71) price (217) SHIB (38) Shiba (62) Solana (50) Terra (283) Terras (34) token (30) top (68) VeChain (30) Whats (31) XRP (40)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.