• Terra Classic (LUNC) has recently achieved compatibility with Interchain Station.
• Lead developer Jared confirmed the news on Twitter, adding that more blockchains will be joining the Interchain Station.
• The announcement did not have a positive impact on the LUNC price, which is down 2.6 percent in the past 24 hours.
The Terra Classic (LUNC) network has recently taken a major step forward in the Web3 industry. The project, which has a market capitalization of approximately $981,178,831 and a 24-hour traded volume of about $97,623,378, has achieved compatibility with Interchain Station. This news was confirmed by Terraform Labs lead developer Jared via his official Twitter account.
Jared added that more blockchains, such as Osmosis, Juno, and SEI, will be joining the Interchain Station in order to enable seamless communication between different blockchains. Furthermore, a support team for the Interchain Station will be put in place in the next few days. The TFL Interchain integration was originally slated to be unveiled on January 12, however, technical delays caused it to be postponed.
Unfortunately, the news of the Interchain Station integration did not have a positive impact on LUNC price on Wednesday. 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 impact of Interchain Station is expected to be long-term on LUNC price, as DeFi developers will now have access to oracle data from different chains via the Interchain Station with ease.
The Terra Classic (LUNC) network is now one of many blockchains that will be able to communicate with one another through the Interchain Station. Lead developer Jared has indicated that more blockchains are expected to join the Interchain Station in the near future, as the team works towards creating a unified network of blockchains. Although the announcement did not have an immediate effect on the LUNC price, it is likely to have a long-term impact as more developers gain access to the Interchain Station.