• Terra Classic (LUNC) is now compatible with Interchain Station.
• The news has not had a positive impact on the token’s price, being down roughly 2.6% in the past 24 hours.
• The Interchain Station is expected to have long-term positive impacts on the price of LUNC and enable DeFi developers to access oracle data from different chains.
The Terra network has seen a massive boost in its market capitalization, currently standing at approximately $981,178,831 with a 24-hour traded volume of about $97,623,378. This boost is thanks to the successful integration of the Terra Classic (LUNC) token with the Interchain Station. Lead developer of Terraform Labs, Jared, made the announcement via his official Twitter account, confirming that the rebranded Terra network will be joining a list of other blockchains including Osmosis, Juno, and SEI, among others to drive the Web3 industry forward.
Jared also stated that a support team for the Interchain Station will be underway in the next few days, and more chains will be joining the Station in order to enable seamless communication between different blockchains. Unfortunately, the news has not had a positive impact on the token’s price, being down roughly 2.6% in the past 24 hours to trade around $0.00016310 according to market data provided by Coingecko.
Despite the current dip in price, the long-term positive impacts of the Interchain Station are expected to be substantial. It will enable DeFi developers to access oracle data from different chains with ease, offering a level of flexibility not seen before. The TFL Interchain integration was expected to be unveiled on January 12th, but due to technical delays it was pushed back until now.
The Terra Classic (LUNC) integration with the Interchain Station is proving to be a strong step forward for the Web3 industry. With more blockchains expected to join the Station in the future, the possibilities for developers and users alike are endless.