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While Terra Classic took striking steps in line with its resurrection project, current data created excitement.
Transaction Volume Breaks Records on Binance and KuCoin.
According to current data, LUNC managed to be among the top 10 cryptocurrencies with the highest trading volume on Binance and KuCoin. LUNC ranked 6th among the top 10 cryptocurrencies with the highest 24-hour trading volume on Binance, the world’s largest exchange.
This success of LUNC came after Binance users traded LUNC worth $61.42 million. According to Binance data, LUNC, DOGE and MATICI managed to outperform. In a similar development, LUNC also entered the top 10 cryptocurrencies in terms of 24-hour trading volume on KuCoin. LUNC ranked 10th, recording $5.06 million in 24-hour trading volume on KuCoin.
New Combustion Mechanism, It Works!
Binance burned 5.5 billion LUNC in the first week. The exchange burned 2.9 billion LUNC in the second week, 2.5 billion in the third week and 1.3 billion in the fourth week. The LUNC community had to change the tax/burn mechanism to 0.2% to boost trading volume again. The 1.2% rate negatively affected the transaction volume. So far, the new app is working, while LUNC volume continues to rise.
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