Terra network fees in March 2022 were several dollar cents lower than they were in the beginning of January 2022. These transaction fees - commonly denoted as gas - changed especially in February, when the price of the Terra (LUNA) coin was changing. This coincided with a growing interest in crypto lending, a specific part of Decentralized Finance or DeFi that attracted much attention in 2022 due to the interest rates offered by Terra-built platform Anchor Protocol.
Average daily gas price of Terra (LUNA) from January 1, 2022 to March 23, 2022
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Statista. (March 24, 2022). Average daily gas price of Terra (LUNA) from January 1, 2022 to March 23, 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1298601/gas-price-luna/
Statista. "Average daily gas price of Terra (LUNA) from January 1, 2022 to March 23, 2022." Chart. March 24, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1298601/gas-price-luna/
Statista. (2022). Average daily gas price of Terra (LUNA) from January 1, 2022 to March 23, 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1298601/gas-price-luna/
Statista. "Average Daily Gas Price of Terra (Luna) from January 1, 2022 to March 23, 2022." Statista, Statista Inc., 24 Mar 2022, https://www.statista.com/statistics/1298601/gas-price-luna/
Statista, Average daily gas price of Terra (LUNA) from January 1, 2022 to March 23, 2022 Statista, https://www.statista.com/statistics/1298601/gas-price-luna/ (last visited December 21, 2024)
Average daily gas price of Terra (LUNA) from January 1, 2022 to March 23, 2022 [Graph], Statista, March 24, 2022. [Online]. Available: https://www.statista.com/statistics/1298601/gas-price-luna/