Yes — Terra Classic (LUNC) remains under active development in 2025, maintained by its passionate community and independent developer groups rather than its original founding organization. There have been several recent upgrades and proposals. For example, a major v3.5.0 upgrade is scheduled for August 15, 2025, with the objective of reactivating its Market Module to improve the LUNC-USTC relationship. Also, Genuine Labs has submitted proposals to maintain and upgrade the core codebase, fix dependencies, and improve governance.
How Strong Is the Developer Community?
The developer community around Terra Classic is modest but engaged. Several independent dev groups such as TerraCVita, Genuine Labs, and Terra Rebels are actively contributing. Governance is community-based, with validators and token holders voting on proposals. There are risks cited — technical debt, uneven validator power, and the need for updated infrastructure.
What New Projects Are Being Built?
- Stablecoin initiative: TerraCVita has approved work on a new fully collateralized stablecoin to help restore utility and possibly support re-pegging of USTC.
- Market Module reactivation: As part of v3.5.0, the Market Module is being brought back online to better support token stability mechanisms.
- Community-owned wallet: A proposal to build a web, mobile & browser extension wallet infrastructure owned and governed by the community (Joint L1 Team / L1TF) has passed.
- IBC channel reopening: Proposals are in motion to reopen inter-blockchain communication (IBC) with chains such as Osmosis, Crescent and Juno to reintegrate Terra Classic more fully into the Cosmos ecosystem.
Overall, Terra Classic is far from dead. It is being actively supported, though on a lean, community-driven basis. Success will depend on maintaining technical upgrades, strengthening decentralization, and growing the number/usefulness of real applications built on the chain.