10-day Terra LUNA/USD realized volatility until May 12, 2022

Price swings of the Luna token were noticeably high in 2021, recording a volatility of nearly 500 percent in May 2021. Measured in a metric called volatility, the percentage shown here reflect how much the price of Ethereum in U.S. dollars changed historically over a preceding 10-day window. Changes can be either up or down, with a higher volatility reflecting that an asset is more risky, as price movements are less easy to predict and can swing in any direction. Luna's changes can generally be attributed to two events. First, the integration of Terra - the blockchain behind the LUNA token as well as stablecoin UST (TerraUSD) - on Crypto.com in July 2021, allowing users of one of the world's largest crypto exchanges to stay informed about Terra. Second, there was the Terra network's actual release on Wormhole in August 2021. This connected Terra to the world of Decentralized Finance or DeFi, where it quickly became one of the main blockchains in terms of DeFi total value locked (TVL).