What Is Terra?

Terra is an open-source blockchain payment platform for an algorithmic stablecoin, which are cryptocurrencies that automatically track the price of currencies or other assets. The Terra blockchain enables users to instantly spend, save, trade, or exchange Terra stablecoins.

The Terra protocol creates stablecoins designed to consistently track the price of a fiat currency (a government-backed currency such as the U.S. dollar or euro). It consists of two cryptocurrency tokens—Terra and Luna

what is Luna?

Used for governance and mining, Luna is the Terra protocol's staking token, which absorbs the price volatility of Terra stablecoins. Users stake Luna to Terra blockchain miners (called "validators"), who record and verify transactions on the blockchain and receive rewards from transaction fees as compensation. As Terra usage grows, Luna's worth increases as well

What does it improve ?

Governance

The Governance hub on Station allows users to view and vote on proposals for all supported chains in one convenient location. This saves users time by eliminating the need to switch between different interfaces or platforms to stay updated on proposals for various networks.

The Governance hub on Station has four tabs — Voting, Deposit, Passed, and Rejected:

• Voting: displays proposals that are live in a voting period
• Deposit: displays proposals that are currently in the deposit period and not yet live for voting
• Passed: displays proposals that have received enough support from the relevant community to have been approved
• Rejected: displays proposals that have not received enough support and have been rejected by the relevant community[1]

Chain Integrations

Station has launched supporting Terra, Osmosis, Juno, Kujira, Carbon, HuaHua, Crescent, Terra Classic, Mars (testnet), and Sei (testnet), but we anticipate many other chains will be added before February. [1]

Integrations are actively being worked on with over 10 different chains, including:

• Akash
• Andromeda
• Cheqd
• Comdex
• Cosmos Hub
• Injective
• Prism
• Quicksilver
• Regen
• Secret
• Stargaze
• Stride

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Conclusion

• The volume and number of transferred assets on January 16 has grown a lot, and almost all of this volume has been transferred out of the network, which can have impact on the ecosystem such as increasing the $LUNA price.
• The amount of swapped to and from Luna has increased significantly during a week after the announcement day.
• Number of swap transactions to $LUNA saw some spike right next day after the launch with swaps spiking to 3K swaps per day.
  • Number of Swappers saw a huge spike with number going up to 125 swappers right after the launch.
• Easy Staking is the new feature which should enable more wallet to stake.
  • Number of stake transactions did see an overall spike with now transactions touching around 700 per day.
  • Number of Stakers are have seen a spike as well with the number rising to 700 per day.
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ON ANALYSING THE STAKING & UNSTAKING ACTIVITIES WE CAN OBSERVE A FLUCTUATION IN THE GRAPH .ON JANUARY 10TH , 303K UNSTAKE COUNT WAS THERE WITH A VERY LITTLE STAKE, 303K . ON THE ANNOUNCEMENT DATE, THE STAKE COUNT WAS 417K & UNSTAKE WAS 279K THE DAY AFTER ANNOUNCEMENT ON 15TH JANUARY THE COUNT SHOOTED FOR STAKE TO 1.86M & 1.88M ON JANUARY 18TH 2023 . THIS SHOW HOW STAKERS STARTED BELIEVING ON TERRA ECOSYSTEM AND STARTED BELIEVING . ANNOUNCEMENT OF STATION WAS A POSITIVE INDICATION FOR STAKER .

Outflow transactions and withdrawer(sender out) counts increased over the week after announcement.

Overall, average inflow inflow and outflow volume after announcement date was higher than before, but not in netflow volume.

The overall pattern of the LUNA token price and the entire cryptocurrency market was bullish since the beginning of 2023, which continued the following week.