• Terra Classic (LUNC) has achieved compatibility with Interchain Station, as confirmed by lead developer Jared.
• The integration of the Terra network with other blockchains, including Osmosis, Juno, and SEI, is set to drive the Web3 industry forward.
• Following the announcement, the price of LUNC has dropped by 2.6%, trading around $0.00016310.
The Terra Classic (LUNC) blockchain has taken a major step forward in its development, as the lead developer Jared announced its compatibility with Interchain Station. With this integration, Terra network joins other blockchains such as Osmosis, Juno, and SEI to drive forward the Web3 industry. The Terra LUNC network boasts a market capitalization of roughly $981,178,831 and a 24-hour traded volume of around $97,623,378.
The announcement of the compatibility with Interchain Station did not have a positive effect on the LUNC price on Wednesday, as it dropped by 2.6% to trade around $0.00016310. However, the long-term impact of the integration is expected to be beneficial for the blockchain. DeFi developers will find it easier to access oracle data from different chains through the Interchain Station.
Originally, the integration was set to be unveiled on January 12, but technical delays forced the date to be pushed further. However, Jared surprised the LUNC community by announcing the integration earlier than expected. Additionally, he stated that a support team for the Interchain Station will be put in place in the upcoming days.
With this impressive development, the future of the Terra Classic (LUNC) blockchain is looking much brighter. The Interchain Station will enable seamless communication between different blockchains, allowing more projects to join the Web3 industry. As such, it is likely that the price of LUNC will recover in the long run.