Terra Classic (LUNC) Now Compatible With Interchain Station, Price Down 2.6%
• Terra Classic (LUNC) is now compatible with Interchain Station.
• Lead developer Jared of Terraform Labs has confirmed the integration.
• LUNC’s price is down 2.6 percent in the past 24 hours.
The Terra Classic (LUNC) network has just received a major boost following the successful integration with Interchain Station. According to Jared, the lead developer at Terraform Labs, the rebranded Terra network will join a list of other blockchains such as Osmosis, Juno, and SEI to spearhead the Web3 industry. Jared added that a support team for the Interchain Station will be put in place in the coming days.
The integration of Interchain Station will enable seamless communication between different blockchains. This is a major step forward in the Web3 industry and will allow developers to access oracle data from different chains with ease. Moreover, the integration will also open up opportunities for DeFi developers to take advantage of the features of different blockchains.
However, the announcement did not have an immediate impact on the LUNC price. According to Coingecko, the price of the LUNC token went down by approximately 2.6 percent in the past 24 hours. Despite the initial dip in price, the integration is expected to have a long-term impact on the LUNC price.
The Interchain Station was initially expected to be unveiled on January 12, however, technical delays pushed the date back. Jared took to Twitter to announce the integration, stating that it would be available in the next 48 hours. This announcement has been met with enthusiasm by the community and many are looking forward to the possibilities that the Interchain Station will bring.