The developers of the Terra Luna Classic (LUNC) network have made significant progress in building a robust web3 ecosystem, despite a major collapse in early 2022. Several decentralized financial projects have been deployed on the Terra Classic network, including Astroport Classic, TerraSwap, Loop Finance, and Eris Protocol. The network currently has a total value of about $2.23 million and a stablecoin market cap of around $524k. Binance has played a crucial role in the recovery of the Terra Classic network and has announced support for an upcoming network upgrade. The LUNC price against the US dollar has formed a potential reversal pattern, suggesting a possible rally in the short term.



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