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Terra Classic tokens rose this week amid continued trading on its rebranded blockchain.
Terra Classic (LUNC) gained 2.4% over the past week, reaching a market cap of $223.09 million with $18.87 million in 24-hour trading volume, while TerraClassicUSD (USTC) rose 2.1% to $0.0067, with a market cap of $37.39 million and $5.26 million in trading volume.
Both operate on the rebranded Terra Classic chain, which split from the original Terra network after the 2022 UST depegging.
The ecosystem uses a proof-of-stake model and algorithmic stablecoins, with USTC and others pegged to fiat currencies.
Investors typically buy Bitcoin or Ethereum first on U.S.-dollar platforms before exchanging for Terra Classic tokens on compatible exchanges.
Los tokens de Terra Classic aumentaron esta semana en medio del continuo comercio en su blockchain rebranded.