• Terra Classic (LUNC) has become compatible with Interchain Station, Lead developer confirms.
• The Tera Classic (LUNC) has seen a boost in market capitalization and 24-hour traded volume.
• The integration is expected to have a long-term positive impact on LUNC price.
Terra Classic (LUNC), a blockchain network that boasts a market capitalization of approximately $981,178,831 and a 24-hour traded volume of about $97,623,378, has received a huge boost following a successful integration with Interchain Station. This integration will allow the network to join a list of other blockchains including Osmosis, Juno, and SEI, among others to steer forward the Web3 industry.
The announcement was made by Terraform Labs lead developer Jared via his official Twitter account. He indicated that more chains will be joining the Interchain Station to enable seamless communication between different blockchains at all times. In addition, he announced that a support team for the Interchain Station will be underway in the next few days.
The integration of the Interchain Station is expected to have a long-term positive impact on LUNC price. DeFi developers will be able to access oracle data from different chains via the Interchain Station with ease. This will allow them to create more efficient and reliable financial products, resulting in an increase in demand and price for LUNC.
However, the announcement did not have a positive impact on LUNC price on Wednesday. According to market data provided by Coingecko, LUNC’s price is down approximately 2.6 percent in the past 24 hours to trade around $0.00016310. The TFL Interchain integration was expected to be unveiled on January 12 following technical delays, but Jared surprised the LUNC community with the announcement earlier than expected.
Overall, the integration between Terra Classic (LUNC) and Interchain Station is a major breakthrough for the Web3 industry. By enabling seamless communication between different blockchains, developers will be able to create more reliable and efficient financial products, resulting in an increase in demand and price for LUNC.