• Terra Classic (LUNC) is now compatible with Interchain Station, confirmed by Lead Developer Jared via Twitter.
• The announcement had no immediate effect on the price of LUNC, which is down 2.6 percent in the past 24 hours.
• The long-term impact of Interchain Station is expected to be positive for LUNC, as DeFi developers can access oracle data from different chains with ease.
Terra Classic (LUNC) has just become compatible with Interchain Station, as announced by Lead Developer Jared via Twitter. This integration will join the list of other blockchains, including Osmosis, Juno, and SEI, that are working to push forward the Web3 industry. With a market capitalization of approximately $981,178,831 and a 24-hour traded volume of about $97,623,378, the Terra network is taking pride in this new integration.
However, the news of the Interchain Station integration seemed to have no immediate effect on the price of LUNC. According to market data provided by Coingecko, LUNC’s price is down approximately 2.6 percent in the past 24 hours to trade around $0.00016310. Despite this, the long-term impact of Interchain Station is expected to be positive for LUNC.
The Interchain Station will allow DeFi developers to access oracle data from different chains with ease. This will be an incredibly efficient way for developers to access the data they require, without having to worry about incompatible blockchains. Furthermore, the TFL Interchain integration was originally set to be unveiled on January 12, following technical delays. However, Jared surprised the LUNC community with the news of the integration coming sooner than expected.
Overall, Terra Classic (LUNC) becoming compatible with Interchain Station is a major breakthrough for the Web3 industry. The news of the integration has been met with positive reception, despite the lack of immediate effect on the price of LUNC. In the long run, the Interchain Station will be beneficial for LUNC, and DeFi developers will be able to access oracle data from different chains with ease.