Luna Classic Layer 2 Ecosystem Gains Strength as Projects Show Solid Performance
The Luna Classic Layer 2 ecosystem continues to gain strength as several key projects demonstrate consistent progress and positive performance across the network.
The upcoming Juris Token staking feature has already been successfully tested on the Testnet and will soon go live on the Luna Classic mainnet. This marks an important step forward in expanding the ecosystem’s DeFi capabilities.
Meanwhile, Selenium has introduced sUSD, a synthetic stablecoin designed to mirror the value of the U.S. dollar while being fully backed by crypto collateral. This innovation enhances Luna Classic’s DeFi stability and usability for traders and developers alike.
Terraport (TERRA), the native token of the Terraport DEX built on the Luna Classic blockchain, has surged by 82% this week, showing strong market confidence in the platform’s growth and contribution to the network.
In addition, LUNCVERSE, the metaverse built on Luna Classic, is scheduled to launch this month, offering an immersive Web3 experience that connects entertainment, creativity, and blockchain interaction within the LUNC ecosystem.
With these projects showing steady development and adoption, the Luna Classic Layer 2 ecosystem continues to become more attractive to both investors and builders. Each advancement contributes to the long-term sustainability and visibility of the network.
Layer 2 activity is also an important revenue source for Luna Classic. Since Layer 2 projects use LUNC as the main trading currency, every transaction generates tax revenue that flows into the community pool and supports the ongoing LUNC burn mechanism.
As the ecosystem continues to evolve, hopefully our own project, MIOFF—a token dedicated to promoting Luna Classic through real-world festivals and community engagement which play a vital role in maintaining LUNCDaily News activity and supporting the Orbit Wire Validator, can grow as others.
