Terra Luna Classic is nearing a significant milestone with its staking ratio approaching an all-time high of 15.16%. Over 1.025 trillion LUNC have been staked on the network, with notable activity on the LuncLive validator in the last 24 hours.
This surge in staking reflects a positive sentiment within the Terra Luna Classic community, who are optimistic about hitting a 20% staking ratio. A single transaction saw 1.3 billion LUNC staked from a Binance wallet, highlighting strong commitment from participants.
Developer Fragwuerdig has completed the Oracle Split logic to enhance long-term staking rewards by diverting community pool rewards from tax burns to the Oracle Pool. This development aims to boost the network’s sustainability and staking rewards.
In the past 24 hours, LUNC’s price increased by over 1%, trading at $0.00007175, while USTC saw a 0.69% price rise to $0.0161. Despite these gains, trading volumes have decreased, indicating a temporary lack of interest among traders.
The strategic importance of these developments lies in bolstering Terra Luna Classic’s network security and staking rewards, positioning it for future growth and resilience.
