• Terra Classic (LUNC) has received a huge boost following a successful integration with Interchain Station.
• Lead developer Jared has confirmed that the rebranded Terra network will join a list of other blockchains in the Web3 industry.
• The announcement, however, did not have a positive effect on LUNC price on Wednesday.
The Terra Classic (LUNC) blockchain has recently seen a huge boost to its capabilities with the successful integration of the Interchain Station. Lead developer Jared of Terraform Labs has confirmed that the rebranded Terra network will be joining a list of other blockchains in the Web3 industry, such as Osmosis, Juno and SEI. This will allow for seamless communication between different blockchains, as well as the ability for DeFi developers to access oracle data from different chains with ease.
However, the announcement did not have a positive effect on the LUNC price on Wednesday, according to market data provided by Coingecko. The LUNC price is down approximately 2.6 percent in the past 24 hours, trading around $0.00016310. Despite the short-term downturn in price, the impact of the Interchain Station is expected to be long-term on the price of LUNC.
The launch of interchain support was originally planned for January 12, but was delayed due to technical issues. However, Jared surprised the LUNC community by announcing the launch would be taking place within 48 hours of the tweet. The support team for the Interchain Station will be underway in the coming days.
The successful integration of the Interchain Station with LUNC is a major step forward for the Terra Classic (LUNC) blockchain, and will surely bolster its capabilities in the Web3 industry. With the support team on the way, it could be the start of a new era of seamless communication between different blockchains and the unlocking of more potential for DeFi developers.