Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Pagla on February 06, 2022, 03:34:32 PM
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LUNA plunged to a one-month low of $43.49 on January 31st.
Avalanche claims to be the blockchain industry’s quickest smart contract platform.
Let us look at the top 3 DeFi tokens in terms of volume in the last 24 hours.
Terra (LUNA)
A blockchain technology, Terra employs fiat-pegged stablecoins to support global payment networks that are price stable. According to its white paper, with Terra, users have the stability of fiat currencies with the censorship-resistant features of Bitcoin (BTC) and rapid, low-cost payments.
Terra’s native token, LUNA, stabilizes Stablecoin prices. Holders of LUNA may also propose and vote on governance ideas, making LUNA a governance token in the traditional sense. Since plunging to a one-month low of $43.49 on January 31st, Terra’s (LUNA) share price has steadily increased.
More Information (https://cryptonews.net/en/news/defi/3119299/)