Top 25 Terra Ecosystem Cryptocurrencies for December 2024

Terra ecosystem cryptocurrencies are digital assets that operate on the Terra blockchain, a decentralized financial (DeFi) platform designed to support stable programmable payments and open financial infrastructure development. One of the main features of the Terra ecosystem is its suite of algorithmic stablecoins, which aim to maintain their value relative to fiat currencies through an elastic monetary policy. The most prominent example was TerraUSD (UST), which was pegged to the US dollar but lost its peg in a high-profile collapse in May 2022. Another key cryptocurrency within this ecosystem is LUNA (now known as LUNA Classic), which was used to stabilize UST's price by being burned or minted according to supply and demand dynamics. After the collapse, a new blockchain called Terra 2.0 was created with a new version of the LUNA token, attempting to rebuild the ecosystem without the algorithmic stablecoin component.