Terra Classic Tokens Spike as Community Works to Restore Former Glory
• Prices of TerraUSD Classic (USTC) and Terra Luna Classic (LUNC) spiked amid positive developments for the Terra Classic network, suggesting the ecosystem is reviving.
• There was a surge in Terra transactions and number of tokens staked recently, nearing old peaks and showing renewed interest.
• However, sustainability of growth remains uncertain given Terra still far below 2021 heights when LUNA and UST were popular.
• Capture of Do Kwon and collapse of original Terra blockchain created two new chains, Terra Classic and Terra 2.0.
• Community effort underway to restore former glory of Terra Classic, but ecosystem has long way to go to reclaim position.