Terra Luna Classic Staking Ratio Surges To 15% With Over 1T LUNC Staked

The post Terra Luna Classic Staking Ratio Surges To 15% With Over 1T LUNC Staked appeared first on Coinpedia Fintech News

According to the latest data from Terra Classic Foundation, over 1.017 trillion LUNC has been staked on the network. At the current price, this Terra Luna Classic staked reserve is valued at $70.15 million. Moreover, the staking ratio has now surged to a high of 15.01%. Binance had earlier and burned 1.7 billion LUNC tokens has now burned nearly 62 billion LUNC tokens to date. The exchange’s monthly LUNC burn mechanism significantly contributes to reducing the overall supply, where Binance alone accounts for over 50% of the total LUNC burned by the community.