Terra ranks #104 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #671: 567 of the 670 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 672 non-native assets CoinSpectrum lists above it by market cap, about 61% are tokens, 30% are claims on other assets and 9% are memecoins.
| CoinSpectrum Grade | B · 69/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #104 |
| Rank counting claims | #671 |
| Market capitalisation | $30M |
| Price | $0.0425 |
| Circulating supply | 709,984,439 LUNA |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Smart-contract platform |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 69 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 62 to 72 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.9 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.3 | 4.4 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 4 | no fixed maximum; 710 million in circulation: supply scale 8, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✗ | 6 full years since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | ✓ | typical fee $0.00013; about 219 transactions a second, 6 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 6 decimal places, the smallest unit worth $4.2e-8 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; light clients verify from headers or proofs |
| Scalability (fees, throughput, block time, block space, features) | 7.1 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00013 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 6 | about 219 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.7 | a block every 5.75 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 1 MB limit, 104 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | CometBFT single-block finality, but blocks average about 5.8 s. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cosmos SDK state pruning and CometBFT state sync let nodes run without full history. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | CometBFT light client protocol verifies signed headers against the validator set, as used by IBC. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | not mined |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | not mined |
| Largest pool (Pool or validator under 50%) | ✓ | 6.98% |
| Largest three (Under 75% together) | ✓ | 18.86% |
| Clients (More than one maintained) | ✗ | 0 |
| Open source (Node software) | ✓ | The terra-money/core repository was developed by Terraform Labs engineers; who maintains it after Terraform Labs' wind-down is not stated. |
| Real use (1,000+ transactions a day) | ✓ | about 7,321 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 6.3 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds: Validators halted the chain after the 2024 IBC exploit, and the v2.12 upgrade burned funds from the exploiter account and a multisig. source |
| No central team (Source) | — | Not yet researched |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 6.7 | 99 reachable nodes source |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 2.2 | 77.6% of today's supply allocated at launch to founders, a company, a foundation or investors. 1B LUNA at Terra 2.0 genesis (May 2022) allocated by the Terraform-proposed plan (30% community pool, 35% pre-attack LUNA holders, 10% pre-attack aUST, 10% post-attack LUNA, 15% post-attack UST), against current total supply 1,288,490,614 LUNA (Terra bank module, 2026-10-23). source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut. Terra 2.0 mints 7% a year (mint params fixed at 0.07) to stakers, and the distribution community_tax is 0; the 30% community-pool allocation was made at genesis (premine), not from issuance. source |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Any key can hold and send LUNA; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | CometBFT mempool gossip with no Dandelion or built-in Tor. |
| Hidden amounts (Amounts confidential) | ✗ | Transfers are public. |
| Hidden parties (Sender and receiver hidden) | ✗ | Accounts are public. |
| Programmability (tokens, contracts, 5 checks) | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | CosmWasm contracts (CW-20) deployable by any account, plus the Token Factory module. |
| Smart contracts (General-purpose) | 2 | CosmWasm (wasm module) contracts on Terra 2.0 since the May 2022 relaunch, alongside Token Factory and Alliance modules. |
| Multisig and time locks (Without a third party) | ✓ | Cosmos SDK threshold multisig accounts, plus CosmWasm contracts for time-locked spending. |
| Atomic swaps (With other chains) | ✓ | Hash- and time-locked contracts can be written in CosmWasm. |
| Native exchange (Built into the protocol) | ✗ | Terra 2.0 has no market or swap module; DEXes such as Astroport are contracts. |
| Cross-chain messaging (Verified by the chain itself) | ✓ | IBC transfer and interchain-accounts modules in the app. |
| NFTs (Carried by the chain's rules) | ✓ | CW-721 contracts run by its CosmWasm module. |
| Supply & Demand | 7.8 | group average |
| Supply & Demand (Source) | 7.6 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 11 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.4 | $874,657 traded in 24 hours; #518 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,633,524) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.9 | 4.9% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 9.6 | $231,944 within 2% of the price on 7 exchanges, 0.77% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 3.7 | $30M, 3.7 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.8 | futures, options and margin positions 4.6% of its market cap |
| Supply (smaller is better) | 8 | no fixed maximum; 710 million in circulation |
| Record | 7.3 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2024-07-31 | ✗ | Chain halted at block 11,430,400 for about 3.5 hours so validators could apply an emergency patch after an ~$5M ibc-hooks reentrancy exploit. |
| Age (years since genesis) (Source) | 6 | 6 full years since 2020-08-19, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 2 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 18 commits in 7 of the last 12 months (github.com/phoenix-directive/core); phoenix-directive/core v2.22.0, released 2026-10-13 (this repo succeeded terra-money/core, whose last tag was v2.12.4 in Sep 2024). |
| Shipped a security fix in two years, +1 | ✓ | terrad v2.20 (upgrade height 22,055,000, ~Jul 2026) and v2.22 run CometBFT v0.38.21, which carries the Oct 2025 security fix GHSA-hrhf-2vcr-ghch. |
| Not yet researched | ||
| Shipped a new capability for users in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
709,984,439 LUNA are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 77.6% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 99 |
| Fundraising | No sale and no investor round |
1B LUNA at Terra 2.0 genesis (May 2022) allocated by the Terraform-proposed plan (30% community pool, 35% pre-attack LUNA holders, 10% pre-attack aUST, 10% post-attack LUNA, 15% post-attack UST), against current total supply 1,288,490,614 LUNA (Terra bank module, 2026-10-23).
No sale of Terra 2.0 LUNA; the genesis was an airdrop to Terra Classic holders (whose LUNA history includes Terraform Labs private sales).
No cut. Terra 2.0 mints 7% a year (mint params fixed at 0.07) to stakers, and the distribution community_tax is 0; the 30% community-pool allocation was made at genesis (premine), not from issuance.
Sources: terra-rest.publicnode.com · terra-rest.publicnode.com · dappradar.com · gfinityesports.com · terra-rest.publicnode.com. Researched 2026-10-24, medium confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Terra is #104 among cryptocurrencies and #671 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 567 places between Terra's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 1 wrapped and staked claim on Terra →