LUNA supply drops to All-Time Low
The supply of LUNA, the native token of the Terra blockchain, fell to an all-time low level on Tuesday – a price-boosting dynamic that’s seen by crypto analysts as an indicator of how popular the project remains despite nagging concerns about its sustainability.
LUNA’s circulating supply slid to 346 million, down from a high of 482 million last November. The liquid supply, the number of coins available on the market that are not locked for staking, dropped to 90 million for the first time ever.