Terra

Terra is a decentralized blockchain platform whose native token, LUNA, is used to pay for activity on the network and to secure it through staking. The project was rebuilt from an earlier chain, Terra Classic, after a community governance vote established a new chain focused on decentralized applications without a stablecoin at its core. It targets developers and users who want to build or access financial tools on a public blockchain.

Terra uses a Delegated Proof-of-Stake consensus mechanism based on the Tendermint engine, where 130 validators are responsible for verifying and recording transactions. Token holders who do not wish to run a validator node themselves can delegate their LUNA to one, and both validators and delegators are subject to slashing — a partial loss of staked tokens — if a validator acts dishonestly or goes offline. Users pay gas fees denominated in LUNA whenever they interact with decentralized applications on the network.

The protocol's fee stream comes from gas fees paid by users to interact with applications on the Terra blockchain; these fees flow to validators and their delegators as staking rewards. The data provided does not include a separate protocol revenue or fee-capture figure, so fee-based profitability measures are not available on this page. At the point-in-time snapshot, total value locked in the ecosystem stands at 4,580,372.61 USD, and the market-cap-to-TVL ratio is 6.868441, meaning the market capitalization of approximately 31,192,290 USD is roughly 6.9 times the value of assets actively deployed in the protocol.