Terra Luna Classic’s v3.0.1 upgrade proposal passed with 99.9% support from the community and validators. This upgrade, proposed by Genuine Labs, includes significant enhancements such as sdk 47 and other major updates to the chain.
Following the news, LUNC and USTC prices surged by 5% each within hours. The Terra Classic chain will halt at block height 18,303,000 for the upgrade, scheduled for June 2, 2024.
This unanimous decision highlights the importance of the upgrade for improving efficiency, robustness, and security. All 38 validators, including Orion and StakeBin, voted in favor. LUNC’s price rose 12% over the week, with trading volume increasing by 45% in 24 hours, signaling strong trader interest.
USTC also saw a 22% price increase this month. This upgrade is pivotal for Terra Luna Classic, potentially driving long-term growth and stability in the ecosystem.
