Luna's network activity on the Ethereum blockchain was highest in late January 2022, with a brief spike in early March 2022. The latter could possibly be attributed to the Russian invasion in Ukraine, as Luna was one of the cryptocurrencies during that moment which did not see a price decline. The digital coin ranked among the most traded virtual currencies on the market during this time. One reason for this interest is the currency's close relation to Decentralized Finance (DeFi) and the Anchor Protocol, specifically. This crypto lending platform - which is built off the Terra blockchain, which Luna uses as well - promised large returns when investors staked some of their coins there.
Number of daily transactions per day on the blockchain of Terra (LUNA) from January 22, 2022 to March 23, 2022
The numbers provided concern network transactions, not trading volume; The on-chain code suggests the transfers are ERC-20 only, indicating these number would only apply to the Ethereum blockchain
Supplementary notes
No figures were provided from before January 2022. The source does not clarify why this is the case.
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Dune Analytics. (March 23, 2022). Number of daily transactions per day on the blockchain of Terra (LUNA) from January 22, 2022 to March 23, 2022 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1298287/luna-network-transaction-volume/
Dune Analytics. "Number of daily transactions per day on the blockchain of Terra (LUNA) from January 22, 2022 to March 23, 2022." Chart. March 23, 2022. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1298287/luna-network-transaction-volume/
Dune Analytics. (2022). Number of daily transactions per day on the blockchain of Terra (LUNA) from January 22, 2022 to March 23, 2022. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1298287/luna-network-transaction-volume/
Dune Analytics. "Number of Daily Transactions per Day on The Blockchain of Terra (Luna) from January 22, 2022 to March 23, 2022." Statista, Statista Inc., 23 Mar 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1298287/luna-network-transaction-volume/
Dune Analytics, Number of daily transactions per day on the blockchain of Terra (LUNA) from January 22, 2022 to March 23, 2022 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1298287/luna-network-transaction-volume/ (last visited November 10, 2024)
Number of daily transactions per day on the blockchain of Terra (LUNA) from January 22, 2022 to March 23, 2022 [Graph], Dune Analytics, March 23, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1298287/luna-network-transaction-volume/
