As January moves into its middle phase, the Luna Classic burn rate shows a clear slowdown. Recent burn data indicates that daily LUNC burns are no longer reaching previous levels, raising concerns about reduced on chain activity across the network.
Over the last 19 days, only two days recorded burns above 100 million LUNC per day. This marks a sharp contrast compared to earlier periods when higher daily burns were more common. The situation becomes even more concerning when looking at the most recent data.
During the last 11 days, daily burns failed to exceed 50 million LUNC per day. This consistent decline highlights weakening transaction volume and reduced usage of the Terra Classic blockchain. Since LUNC burns are directly tied to on chain activity, lower network engagement naturally results in fewer tokens being permanently removed from circulation.
Despite the slowdown, the total amount of LUNC burned so far this month stands at approximately 6.1 billion tokens. However, a closer look at the data shows that around 5.2 billion LUNC of this total came from Binance’s monthly LUNC burn program. This means organic burns from daily network usage remain relatively low.
The data suggests that the current burn performance is heavily dependent on centralized exchange contributions rather than sustained on chain growth. For the burn rate to recover, Terra Classic would likely need increased transaction volume, stronger application usage, and broader community participation on the network.
Daily LUNC Burn Data for January
| Month | Date | LUNC Burn |
|---|---|---|
| January | 1 | 5,367,757,097 |
| January | 2 | 36,700,121 |
| January | 3 | 194,515,792 |
| January | 4 | 59,068,461 |
| January | 5 | 22,184,507 |
| January | 6 | 55,976,794 |
| January | 7 | 58,298,205 |
| January | 8 | 85,060,487 |
| January | 9 | 22,167,180 |
| January | 10 | 22,949,053 |
| January | 11 | 34,617,148 |
| January | 12 | 33,911,987 |
| January | 13 | 18,745,561 |
| January | 14 | 35,139,054 |
| January | 15 | 16,451,097 |
| January | 16 | 29,576,801 |
| January | 17 | 12,733,630 |
| January | 18 | 17,668,179 |
| January | 19 | 45,755,919 |
| Total | 6,169,277,073 |
